Our prices come straight from developers, owners and local agencies. Get expert advice and opinions on Athens realty, as well as the latest real estate … 2. Investors from all over the world are now looking at Greece as the new “hot” investment destination and rushing to benefit from the abundance of quality real estate available at affordable … INVESTING IN GREECE; INVESTING IN REAL ESTATE. Some of the most profitable investments offered by Grekodom Development include the acquisition of commercial premises and residential real estate with the purpose of further re-sale or leasing. The tax type and rate depend on the characteristics of the property purchased. When purchasing a Greek property, the buyer pays either a transfer tax or VAT. © 2021 Grekodom Development. Number 8860726. Holders of Permanent Residency cards in Greece are also entitled to apply for citizenship within 7 years, but this applies to the investors who are actually residing there continuously. What qualification criteria can investors expect regarding their family? Qualifying family members of the Greece Golden visa include the spouse, the main applicants’ children, and parents of both the investor and their spouse. Rental Yield: 6.13 percent. First of all, this is regarding resort real estate, located on Halkidiki peninsula and multiple islands found in Greece. Quarter-on-quarter, house prices in urban areas were up 2.23% in Q3 2019 (3.46% in real terms). Copyright © 2021. 5 Years Residence Permit in Greece; Easy Renewal process Every 5 years for the same period if the ownership status remains unchanged. Once the property has been bought and the sale agreement signed, the documents are collected and the application is then deposited. Cityscape Intelligence is part of the Informa Markets Division of Informa PLC. However, there are so many real estate risks that every investor must know. The Golden Visa Scheme is unique in several ways, firstly it is the lowest investment scheme of any real estate residency visa scheme in Europe now. During the latest quarter, house prices rose by 2.21% (3.43% in real terms). Real estate investment in Greece Greece — is a country with rich traditions, legendary history and amazing culture. Purchase of the real estate property … Our firm represents the investor throughout the whole procedure, including assisting with finding the appropriate property, dealing with all due diligence required, preparing and reviewing all necessary paperwork used in the  governmental authorities, depositing the application with the relevant Migration Department, up until actually handing over the PR Card to the investor and his family. All rights reserved. Greece has become a favorable investment destination in the last few years, mainly because of its natural beauty, mild climate and geographical position, but also because of a significant drop in prices following the financial crisis that emerged after 2010. You are likely to be able to invest in publicly traded bonds and shares, as well as in Greek real estate, to get residence. An investment of €250,000 is required in real estate in Greece making the Greek programme the lowest investment level of any real estate residency visa scheme in Europe. Existence of a Greek bank account from €24 000. The Greek authorities have always been extremely strict, more so than other EU countries across matters such as; opening bank accounts, visa applications, the examination of passports, and bank transfers. Discover a variety of real estate investment opportunities. Invel Real Estate is another repeat buyer in Greek real estate. Until recently a VAT of 24% was imposed on properties with building permits issued after 2006, however in an attempt to boost the Greek real estate market, Prime Minister Kyriakos Mitsotakis recently announced a three-year suspension of VAT payments. Are solar-powered homes an economic necessity? Within our site you will find a unique selection of properties (apartments, penthouses, villas, resorts, commercial properties). Remember, you don’t have to actually live in Greece. Why Real-Estate Investing In Greece Is A Great Idea Now The rise in property opportunities.. Grekodom Development has been operating in the investment market in Greece for over 13 years, offering its clients a full range of development services available to date in the country. In April, the firm bought a 32.7 percent stake in NBG Pangaea REIC, the largest real estate investment company in Greece by assets under management, from NBG for €390 million, having already acquired an initial 66 percent stake in … I would like to hear anyone’s thoughts about real estate investing in Greece. Important parameters for consideration prior to the acquisition. Until recently a VAT of 24% was imposed on properties, owever in an attempt to boost the Greek real estate market, Prime Minister Kyriakos Mitsotakis. By Lynn Roulo. As I look around my beloved Georgia where I’m currently involved in numerous real estate ventures, I wouldn’t exactly say that it’s “the best This, in no small measure, is due to the success of its captivating islands in the Aegean and Ionian seas, their blazing tourism industry and property markets rife with profitable opportunities. Invest in Greek real estate. 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