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The Real estate market is always a go-to place for individuals who are able to pay big sums of cash upfront. As an option where investors often choose to put their accumulated funds into, the real estate sector is a great opportunity when the market is bullish. Already showing signs of recovery in recent years, the Greek property market is now more desirable than ever! Why? Here are the top 6 + 1 benefits of investing in Greece Real Estate:
1- Greece is a member of the Schengen area.
The Schengen area is a group of 26 European nations. In the Schengen Area, holders of the Greek residency permit enjoy the same travel privileges as Greek citizens. This indicates they can:
Reside in any other Schengen country for up to three months out of every six months, with the right to multiple entries in Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland are the other countries in this group.
2- Unique Opportunity
Greek real estate market suffered heavily from the recent economic crisis, reaching bottom point at the end of 2018 with a price dip of almost 50%. Since then, the prices have been growing with an annual rate of 9%. The economic crisis created a lot of investment opportunities. Non-EU citizens have the chance to invest in Greece today, at a time that real estate prices are still low, despite the high demand.
3- No stay requirement!
In this regard, the Greek Residency program is very clear:
– No Minimum Stay Requirement.
– You invest in Greece by buying a property.
– You can easily apply for the residency permit.
– You can travel directly from your country of origin to any Schengen country.
– You do not need to visit Greece again to maintain the right to residency.
– You do not have to pay for their annual travel to keep their rights.
4- The climate of the Mediterranean
Nothing could be better than 300 days of sunshine per year!
Greece’s mild climate is well-known, with cool nights and even hot days in the summer. The summer in Greece can last well from May to September, making it possible to spend months enjoying the sea.
The short, mild winters allow for a variety of activities in beautiful snow-covered mountain landscapes, highlighted by delicious meals in charming traditional villages. Autumn and spring are also characterized by a lot of sunshine and relatively mild temperatures around 10-25 C.
5- Stunning Natural Environment
Greece’s natural beauty is legendary.
Greece is known for its crystal-clear waters, picturesque islands, golden sand beaches, pine- and olive-covered hills, and other picturesque landscapes.
Greece has charming villages with traditional stone houses on the mainland and picturesque white-blue houses on the islands, in addition to its vibrant modern cities. Greece welcomes everyone to explore its offerings, which cater to all tastes and budgets.
6- A destination for everyone
Greece is one of the world’s most popular tourist destinations, offering something for everyone.
It’s also a place for investors to invest in Greece and secure their money.
The nation has something for every kind of lifestyle. Greece is the ideal destination for you because of its tranquil, secluded beaches, villages, and modern cities—where you can unwind.
7- Last but not least…
– You are not taxed for your global income.
– You do not pay the capital duty or net wealth tax.
– You can register an unlimited number of assets without restrictions.
– You can open an unlimited number of bank accounts.
Greece has everything for you. And we have every tool you need in helping you, especially in this guide showing the benefits of investing in Greece Real Estate!
Call us or visit our offices in Paleo Faliro to help you find your place to call home.
Phone: +30 6972504208
Address: Achilleos 106, Paleo Faliro 175 63, Greece