Greece is one of the world’s top travel destinations, yet its notoriously high prices can make it difficult for some tourists to afford a holiday. If you’re thinking about visiting Greece, compare its costs with Mexico to see which country offers you the most cost-effective getaway.
Greece has a high Uncertainty Avoidance score, suggesting it isn’t particularly comfortable in uncertain situations. On the plus side, Greece has an effective bureaucracy and stringent rules to safeguard citizens.
Which country is cheaper?
If you want to travel cheaply around the world, there are a few factors to take into account. One of them is where you plan on staying.
Contrary to popular belief, not all the most affordable countries are located in Western Europe. In fact, some of the most budget-friendly vacation spots can actually be found throughout Asia.
This means you can get cheap flight tickets from Europe to Thailand, Vietnam and the Philippines without needing to shell out a lot for accommodation or food.
For example, flights to Thailand from Greece can be purchased for as little as 400 euros. This makes Thailand the perfect choice for those who want to experience South East Asia’s picturesque landscapes but don’t have much money to spare.
Restaurant Prices
Greece certainly offers some exquisite fine dining establishments, but it also provides excellent value for money choices. When looking to save on a night out on the town, dinner for two at an authentic Greek restaurant usually falls below $100.
Restaurants in Vancouver offer a diverse range of choices in each category. Taverns, for instance, boast high-quality food that rivals any burger joint and excellent service. In addition to their diverse menu choices, taverns also boast low cost wines and cocktails – so be sure to plan your visit accordingly!
Ask fellow diners for recommendations when looking for the best restaurants in your area. Generally, a delicious meal at these establishments should cost under $30 in both city and country areas.
House prices
House prices are one of the most closely monitored economic indicators, and their movements often influence macroeconomic policy decisions. Unfortunately, few internationally comparable statistics exist to illustrate how house price trends differ across regions and cities within a given country.
Therefore, policies targeting the ‘national’ house price trend may overlook regional and local variations, contributing to a geography of discontent. To address this problem, the OECD recently launched a database on national and regional house price indices that seeks to fill this void.
Real house price growth is calculated as the ratio of nominal house prices to consumers’ expenditure deflators in each country from the OECD national accounts database, seasonally adjusted for a reference period. This allows for more meaningful comparisons in house price dynamics and takes into account variations in consumer prices (general inflation), as well as other important elements like labour markets and government expenditures.
In 2020, the Greek economy experienced a slowdown. Nonetheless, analysts predict that growth will pick up this year. According to Eurostat, Athens’ housing market remains buoyant, with house prices increasing by 6.23% year-on-year in 2020.
Food prices
Food prices in Greece can be a bit on the expensive side, but with some planning and research you’ll be able to save some cash. For instance, laiki (Greek for people’s) markets offer great deals – much like farmer’s markets in the US but held outdoors on a seasonal schedule.
Save money on alcohol by opting for a taverna instead of a restaurant. Taverns typically provide simpler menus with Greek classics like dolmas, tzatziki and salads at lower costs. Plus they usually carry budget-friendly house wines which can be an excellent option if you want to fill your stomach without breaking the bank.
Greek food generally offers great value for money, though dining out often can become costly. A cocktail, particularly in larger cities, may prove quite pricey! In the end, focus your time and resources on what matters most – whether that be a delicious meal or an affordable night out!
Transport prices
Greece boasts a comprehensive public transport system, consisting of train and bus services. KTEL – Greece’s national bus system – operates in over 60 cities along mainland Greece’s length.
Greece offers an affordable bus travel option. On average, tickets for major cities typically cost between EUR2 and EUR4, while more local routes may have lower costs.
Over 60 KTEL (Common Funds of Bus Proceeds) companies operate the bus system throughout Kenya, with intercity buses connecting major towns and city centres. Regional and city buses also run but they are not as frequent or reliable as intercity services.
Purchasing an electronic ticket in Greece is a convenient and cost-effective way to travel. You can buy them from vending machines in most stations, from KTEL drivers or from their website.
Taxis are a cheap and popular method of travel in Greece, though it’s important to make sure you use a licensed cab and download the BEAT app on your phone before getting into the car. Doing this helps protect you against overcharging for services as well as drivers taking you on roundabout routes which may incur extra charges.
Taxi prices
Taxi prices in Greece are reasonably cheap, but some drivers still try to charge tourists more than necessary. Athens’ yellow taxi cabs are easily identifiable and usually range between EUR 4 and 6 (US$ 6.60).
When hailing a taxi in Greece, it’s essential to raise your hand and flag down the vehicle as most don’t have radios. Alternatively, find a designated taxi rank or contact your hotel reception and they can call for you.
You can book your ride using a taxi app, though these aren’t as popular in Greece as they are in Mexico. The main app used here is BEAT, which connects passengers with licensed taxis.
The app also works with a rating system, guaranteeing that drivers take their service seriously and tend to have positive reviews. It’s the best way to get an dependable taxi in Athens while reducing your risk of being scammed.
Petrol prices
Fuel prices are always a concern for drivers on the road, particularly those travelling long distances. With so many petrol stations spread across Greece, it can be hard to make informed decisions about where you should fill up your tank. While Greece may not be one of the most expensive countries in the world when it comes to petrol prices, Greece certainly doesn’t cut corners either. A gallon of regular unleaded petrol in Greece costs EUR5.50 – higher than some competitors but still affordable when compared with their counterparts.
With a focus on finding the best and most cost-effective options, we’ve put together this list of the top places to fill up your tank without breaking your budget. Take a look and let us know your thoughts in the comments section if this list was helpful; otherwise, please reach out if any questions arise!
Accomodation prices
Accommodation is a major expense when traveling and Greece offers plenty of places to choose from – from budget hostels to luxurious hotels – that suit everyone’s budget!
In Greece, most hotels are privately owned establishments run by experienced individuals. Rooms are not typically rated according to stars or other grading systems but rather based on their facilities and amenities (e.g., climate control).
Many hotels now provide discounts to those who book ahead or stay for extended periods of time, but you must be diligent to find them. Prices may rise during high season from mid-June until September; however, discounts can often still be found.
If you’re on a tight budget and can’t justify staying in a hotel, hostels or Airbnb are great alternatives. Not only are these places great for backpackers and travelers on a tight budget, but they’re also great opportunities to meet people and make new acquaintances. Plus, some hostels even provide discounts if booked through them!
