Those weighing the options between Greece and the UK know that Greece can be far cheaper than the UK and many other European countries regarding property pricing and living expenses. Even in Athens, where prices are higher, living costs are 33% lower than in London. Beyond the much lower prices, there are many advantageous reasons for living in Greece. We’ll follow the considerations on general expenses, the money balance needed to close the month positively, and what a comfortable lifestyle in Greece looks like—all to help us answer why living in Greece is cheaper.
It can be attributed to several factors, including a more relaxed lifestyle, lower wages, and a less aggressive tax system than the UK. Many expats find Greece appealing due to its lower cost of living. Everyday expenses, from public transportation to healthcare, are more affordable. This financial advantage, combined with the country’s rich history and stunning landscapes, makes Greece an attractive destination for expats and retirees looking to improve their quality of life for an affordable and enjoyable lifestyle. Check below some of the costs compared to the UK on essential expenses.
When it comes to housing, Greece often presents a more affordable option compared to the UK. In major cities like Athens, rental prices for a one-bedroom apartment average around £400-£610per month, whereas in London, similar accommodations can easily exceed £1,200-£1,500 monthly. This significant difference in rent highlights one aspect of why many consider Greece to be a more economical place to live. It all depends on what you’re looking for, though. If it’s a modern flat/house, how many rooms, the view, and whether it’s furnished. But the matter here is that if you are looking for comfortable accommodation in a major city and under a budget, it’s not a mission-impossible situation.
Usually, utilities will be included in your rent, but bear in mind that if you’re aiming for a more long-term living, that might change things slightly. If your deal does not include electricity, internet/cable, heating, cooling, water, and garbage, the prices can hit around £80-£120 per month for an average flat. These expenses can total between £150-£200 in the UK. Additionally, groceries, dining out, and shopping are notably cheaper in Greece.
Groceries: Essential items from regular brands such as eggs cost £1.70 (half dozen), milk £1.53 (1 litre), pasta £1.28 (a kilo), and rice £0.85 (a kilo). Adding meat, fruits, vegetables, and alcoholic beverages, the monthly balance can hit £255 for two.
Restaurants: They are not super cheap, but in our comparison, yes, they win at achieving the lower prices. A plus is all about the portions as well, it’s possible to split a meal with your partner without problems, and at a mid-range restaurant you can find dishes such as Moussaka costing about £12, while in the UK, a similar dish could be £20-£30. If you like your meals with a good glass of wine, you could easily do it, spending from £3 to 4£ for half a litre.
Petrol/Public Transport: Prices vary greatly depending on the period, but they are currently £1.63. Cities are divided into districts/regional units. For example, Athens is separated into eight regional units. To reach all these areas, you can make your way by metro, buses, trams, trollies, trains, taxis, or on foot if you feel up to it. One of the best ways is through public transportation, which is run by OASA (Athens Urban Transportation Organisation). Generally, all the forms of public transportation cited previously operate every day from 5:30 am to midnight & on Fridays/Saturdays until 1:30. The best price to access all these mobility assets is by buying an Athena Card for £42, a monthly pass for the ones aiming to stay for more than 30 days.
Moving to Greece involves several expenses, but you can stay within a reasonable budget with proper planning. An initial amount of around £1,700-£2,550 should cover your initial housing, utilities, and other essential expenses for the first month. Additionally, having a bank balance of at least £3,400 is recommended for a Greece visa, ensuring you can comfortably settle in your new home.
As an international European removal company, we understand the challenges of relocating. Our advice is to plan meticulously to avoid unexpected costs. Opt for shipping services that provide insurance and tracking, ensuring your belongings are safely transported. Additionally, taking advantage of local services and amenities can help you manage expenses more effectively. For more information on achieving an efficient and affordable relocation, contact VanOne International Movers today and get a free quote. We’ll be at your disposal to answer any of your queries about the processes and prices for moving abroad.
Greece, beyond doubt! Offering a more affordable cost of living, from housing and utilities to everyday expenses. By considering these factors and planning accordingly, you can enjoy a comfortable lifestyle without the financial strain often associated with living in the UK. Moving to Greece can be a financially sound decision with the perks of a lower cost of living and a high quality of life.
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