According to the Bank of Greece, by the end of 2023, property prices in Athens had approached their pre-crisis peak of 2007, and have increased by 42% over the past 3 years. The reasons that attract investors: ⚡️ no capital gains tax on sale ⚡️ moratorium on 24% VAT when buying on the primary market ⚡️ only the property transfer tax of 3% is paid when buying real estate The...
Are you ready to unlock the world of Greek real estate investment? 4 Strategies: 1️⃣ Investment Resort Property: 13%+ per year: Renting to tourists provides a steady income. Be prepared: Management requires effort. Seasonality affects demand. 2️⃣ Real Estate in Major Cities: 6% per year: Long-term rentals provide a stable income. Capture the...
Key changes: * Increased minimum investment: The Greek government plans to raise the minimum investment required for a Golden Visa, aiming to curb program popularity and stabilize housing prices. * Targeted increase: Specific areas, like Piraeus, Rhodes, and Crete, may see bigger jumps from the current €250,000 threshold. * Exception for listed properties: Lower thresholds might apply to incentivize...
Owning real estate abroad is not only a pleasant investment, but also concerns related to remote management. How to make this process as comfortable and efficient as possible? ????⠀ Two main formats: ✅ Facilities management: a management company, condominium, or realtor responsible for the maintenance of the property (fixed fee). ✅ Property management: a company that works with tenants and...
Business in Greece, Piraeus Port: Unlocking Opportunities Business in Greece is an intriguing prospect, with its rich history, stunning landscapes, and a thriving economy. One of the cornerstones of Greece's economic success is the Piraeus Port, a vital player in the nation's trade and a gateway to global markets. In this article, we will delve into the world of business in Greece, with a special focus on...
RESIDENCE PERMIT IN GREECE under the category «GOLDEN VISA». Validity: 5 years Real estate investment threshold: 250.000€ / 500.000€ New threshold of 500.000€ based on georgraphic criteria: Central Athens Regional Unit: Athens Filadelfia-Chalkidona Dafni-Imittos Galatsi Kaisariani Vyronas Zografou Ilioupoli Southern Athens Regional Unit:...
Profitable investment in Piraeus is a unique chance to live in an ancient seaside city with a modern level of comfort, enjoy the magical Greek nature and have all the benefits of civilization. It is an opportunity to obtain a residence permit, travel freely within the EU, teach children, do business. The lively international seaport and resort is part of Greater Athens. A metro line, ground public...