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Greece is one of the oldest civilizations in the Mediterranean with numerous cultural, artistic, and scientific heritage sites. Investing in Greek real estate is seen as a golden opportunity for investors with many attractive benefits. Follow our upcoming article to learn about the real estate market there and how to participate in investment opportunities!
Greece is a country located in the southern part of Europe, strategically positioned at the crossroads of Asia, Europe, and Africa. It boasts the longest coastline in the Mediterranean region and the 11th longest globally, stretching over 13,676 km, with nearly 1,400 islands, though only 277 are inhabited.
Covering an area of approximately 132,000 km2, Greece has a population of around 10.7 million people. Its capital is Athens, an ancient city with a rich history. The country's economy is primarily based on services, tourism, agriculture, and industry. Greece became a member of the EU in 1981 and joined the Schengen Area in 2000.
Greece is one of the top desirable countries to live in Europe
Citizenship Benefits: Investors and their families can enjoy rights similar to Greek citizens, including freedom to live, travel, and work within the Schengen Area. Additionally, investors may apply for Greek citizenship after 7 years if all conditions are met.
Investing in real estate in Greece facilitates freedom of movement across multiple countries
To participate in Greece's real estate investment program, you need to meet the following conditions:
Minimum Investment: Invest at least 250,000 Euros in one or more real estate projects in Greece.
Proof of Funds: Demonstrate that your investment funds are legally obtained and free from any liabilities to financial institutions or government agencies.
Clean Criminal Record: Provide a clean criminal record, with no convictions for serious crimes or activities endangering public order or national security in Greece.
Health Insurance: Have health insurance issued by a Greek company or an internationally recognized insurer accepted in Greece.
Non-European Citizenship: Be over 18 years old and not hold citizenship from any European Union country.
Conditions for participating in real estate investment in Greece
The Golden Visa real estate residency program in Greece was launched by the government in May 2013 to attract foreign investment, stimulate the economy, and create jobs for its citizens. Investors and their families receive residency permits in Greece upon investing in government-approved real estate projects. Here are the program's key advantages:
Minimum investment of 250,000 Euros in Greek real estate grants residency permits for the investor and their family. This is considered one of the lowest-cost residency investment programs in Europe.
Processing typically takes around 2 months from application submission to receiving the residency permit.
Investors are not required to live in Greece to maintain their residency permit; a single visit is sufficient to receive the permit, allowing freedom of travel within the Schengen Area.
No requirement for knowledge of the Greek language, educational qualifications, or management experience.
Residency permits are initially valid for 5 years and can be renewed if the real estate investment is maintained.
Residency permits can be extended to family members up to three generations, including spouse, children under 21, and parents of both spouses.
Investment in real estate in Greece offers the lowest costs among similar programs in Europe
There are various types of real estate options in Greece to choose from based on budget, goals, and preferences:
Apartments are the most popular type of real estate investment in Greece, especially in major cities like Patras, Thessaloniki, and Athens. They come in various sizes and designs, catering to different customer needs. Investors can use apartments for personal use, rental income, or resale. Key advantages include ease of acquisition, liquidity, manageable upkeep, and stable profitability.
Villas are high-end properties with large areas and typically feature luxurious amenities such as pools, spas, and golf courses. They are often located in prime locations near mountains or the sea, offering beautiful and upscale living environments. Depending on investment goals, villas can be used for personal residence, resale, or rental. The advantage lies in attracting high-end tourists and potential for substantial future appreciation.
Hotels are commercial properties designed for hospitality purposes, offering multiple rooms, services, and amenities for tourists. They are typically located in city centers or popular tourist destinations with stable visitor traffic. The advantage of investing in hotels is the ability to capitalize on tourist traffic, generating significant profit returns.
Investing in hotels in Greece can yield high profits due to several factors
Townhouses typically range from 2 to 4 floors, featuring amenities like garages and gardens. They are often located in quiet residential areas such as suburbs or rural settings. Similar to other property types mentioned earlier, investors can use townhouses for personal residence, resale, or rental purposes. Townhouses offer advantages such as spacious, comfortable living spaces that can be customized to suit individual preferences.
Land investment involves purchasing undeveloped plots without any existing structures. Land parcels are typically located in areas with potential for future development, such as suburbs or urban fringe zones. The main advantage of land investment lies in its affordability and potential for rapid appreciation in value over time.
Investing in real estate in Greece is a smart choice for those looking to gain benefits like EU citizenship. If you're interested in this program, please contact us through our website https://quoctichthuhai.com/ for the most detailed advice and support. We are authorized to provide reputable Golden Visa investment programs in Greece, committed to helping you select the most suitable real estate project and obtain residency quickly.
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