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Kiplinger
Kiplinger
Business
Kate Schubel

Can You Afford Retirement in Greece? 3 Tax Benefits Make It Possible

Santorini island, with its traditional white houses and churches with blue domes over the Caldera and Aegean Sea.

Fresh food, warm sun, and a relaxed community culture: What's not to love about Greece? Yet the birthplace of the Olympic Games has more than just lifestyle perks — U.S. retirees can benefit financially, too.

For instance, Greek property tax bills, even in more desirable areas, rarely rise above $1,000 per year. Coupled with low costs on basics like groceries and utilities, the average American retiree may save up to 36% annually with a move from the U.S. to Greece.

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