May 2, 2024

Athens News

News in English from Greece

Greece becomes a 'safe haven' for German pensioners


German business publication Handelsblatt reports that Greece has become an extremely attractive destination for German retirees, highlighting the adoption of policies by Greek Prime Minister Kyriakos Mitsotakis to attract foreign property buyers.

As the article notes, mild weather and picturesque beaches are among the aspects that make Greece a popular permanent destination for retirees, highlighting the Conservative government's efforts to get the economy back on track.

Plan for attracting foreign buyers to stimulate the Greek economy workswrites Handelsblatt, touching on incentives offered by the government, such as a flat income tax rate of just 7% for everyone who decides to transfer your tax residence to Greece.

As a German migration expert specializing in Greece told German media, another An important issue for older Germans is insurance coverage and medical services, which are covered by the Greek healthcare system.

The article presents the experience of German pensioners who took advantage of these economic benefits and moved to Greece. An elderly couple from Munich who moved to the island of Aegina, off the coast of Attica (near Athens), said they bought a legally built house at the height of the Greek economic crisis in 2012, and subsequently discovered that their new residence was built on the site of a Byzantine cemetery . They said that after this “discovery” they felt an even stronger connection to the Greek soil.



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