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Become a homeowner in Greece
We are here to ensure guidance through every step of acquiring real estate in Greece.
Featured Properties in Greece
Discover Greece’s stunning properties! You can view our sea-view, modern-designed, and prestigious properties below.
Benefits of Investment in Greece
Nestled in the heart of the Mediterranean, Greece not only boasts breathtaking landscapes and a vibrant culture but also presents a compelling opportunity for savvy investors. Greece, with its resilient economy and strategic location, is emerging as a beacon for real estate investments. From the sun-kissed islands to bustling urban centers, the Greek real estate market offers a diverse range of opportunities.
Golden Visa Program & EU Membership
Greece’s membership in the EU and its Golden Visa program make it an attractive destination for foreign investors seeking residency and investment opportunities in the EU’s Schengen Area.
Real Estate Potential & Strategic Location
Greece’s diverse landscapes, historical charm, and strategic location at the crossroads of Europe, Africa, and Asia offer attractive real estate investment opportunities and strategic business advantages.
Blue Flag Beaches & Tourism
Greece’s award-winning 581 Blue Flag beaches and its status as a top tourist destination enhance its appeal for property investment, promising high rental income potential and steady appreciation in property values.
Mediterranean Lifestyle & Cultural Heritage
Greece’s Mediterranean lifestyle, characterized by a relaxed pace, delicious cuisine, and vibrant local culture, combined with its rich historical heritage and ancient ruins, attract tourists and investors alike, contributing to the growth of the real estate market.
International Prestigious Schools & Family-Friendly Environment
Greece’s hosting of several international schools offering top-quality education caters to expatriate families, making it an ideal destination for investors seeking educational opportunities for their children and a family-friendly environment.
One Of The Quickest Amortization Period in EU & Rental Income Potential
Greece’s minimum 14-year amortization period for real estate investments, along with the potential for rental income rates ranging from 4% to 6% depending on location, provides long-term stability and attractive returns on investment for investors.
Steady Real Estate Appreciation & Strong Market Performance
Greece’s steady growth in real estate prices, with an approximate 44% increase over the last five years, reflects the country’s strong real estate market performance, positioning it as the second-largest real estate market in Europe and offering promising investment opportunities.
Pro-Business Environment
The government’s commitment to economic reforms, coupled with a pro-business environment, sets the stage for long-term growth.
Our Services in Greece
Are you considering an investment property in Greece? Common motivations for this decision could be to acquire a Golden visa, receive rental income, or secure a dream holiday home. We are here to make the process of finding and purchasing a property a lot easier. You’ll receive service from a professional and multi-lingual team; comprised of native speakers with excellent knowledge of the local real estate market. Definitely, passionate about guiding you through every step of the way.
The Services We Provide
Residential Real Estate
Find your dream home or explore lucrative residential opportunities with our expert guidance.
Commercial Real Estate
Invest in commercial spaces for long-term returns and strategic business growth.
Investment Properties
Identify and capitalize on high-yield investment properties tailored to your financial goals.
Personalized Visits
Gain valuable insights during personalized property visits, ensuring a tailored experience that aligns with your vision.
Online Viewing Options
Whether unable to attend in person or seeking virtual flexibility, our virtual tours empower you to assess properties from the comfort of your space.
Property Management
Ensure the smooth operation and maintenance of your real estate portfolio with our professional property management services.
Consultancy Services
Tap into our wealth of knowledge and expertise with our real estate consultancy services. Our experts provide strategic advice and insights to help you make informed decisions.
Legal Expertise/Support
Navigate legal complexities seamlessly with professional law teams. From property transactions to contractual agreements, we guide expert legal support tailored to your needs.
Golden Visa
What is the Greek Golden Visa program?
The Greek Golden Visa program is an investment program that allows non-European Union nationals and their families to obtain Greek residency by making a qualifying investment in Greece. Successful applicants receive a residence permit that allows them to live and travel within the Schengen Area for 5 years. This permit is not full citizenship but can be renewed if the investment is maintained. With this visa, it is possible to travel to 167 countries.
The application process involves submitting the required documents, undergoing background checks, and meeting the investment criteria. Legal and financial advisors are often recommended to navigate the application process successfully.
Greece has a relatively low tax rate on foreign income for Golden Visa holders, making it an attractive option for investors. The Greek Golden Visa program offers access to the Greek education and healthcare systems. While the Golden Visa provides residency, it does not grant immediate citizenship. However, after residing in Greece for several years and meeting specific criteria, individuals may become eligible to apply for Greek citizenship.
Benefits of The Golden Visa Program
There are many reasons to consider investing in the Greek Golden Visa program. It is an easy way to secure residency in a beautiful country with less crime and more opportunities than the U.S. and some other European countries.
You don’t have to live in the country before applying.
Multiple investment options can be combined to qualify.
Visa is suitable for five years and can be renewed every five years as long as the investment is held.
Chance to apply for Greek citizenship if the necessary conditions are met at the end of seven years.
Freedom to travel in the Schengen Zone for all family members.
You, your children up to the age of 21, your spouse, your parents and your spouse’s parents can benefit from the Golden Visa.
Why Invest in a Golden Visa Program?
Greece allows you to buy multiple properties to meet the investment requirement. They can be residences or commercial properties, perfect for expanding your residential portfolio. The country also allows you to rent out a residential property, which is an excellent return on your investment.
There are not many international companies operating in Greece. This is an excellent opportunity for anyone looking to expand their real estate holdings in the country. If you invest in residential properties, you’re contributing to the housing market and supporting the country’s economy.
Another benefit of the golden visa program is that you can bring your family with you. Your parents, spouse and children under the age of 21 are covered by the plan as well. With the uncertainty in the world these days,
many people are looking to obtain residency and citizenship in other countries. Typically, the residency requirements dictate that a person must live in the country for 7 years before “residency is granted. But, for those who wish to buy real estate as an investment or a second home, the Greek Golden Visa Program offers the perfect opportunity.
The Greek Golden Visa Program grants a 5-year residency permit for minimum 250,000 Euro real estate investment. The reason this is beneficial is that it is the lowest investment requirement of countries offering the program, and there is no obligation to live in the country.
Wealthy business people from Middle Eastern and Asian countries often have business contracts in different areas. Living in Greece can travel through the EU Schengen zone without a visa is a great benefit.
Frequently Asked Questions
What documents are required to open a bank account in Greece?
You will need your passport with a valid Greece or Schengen visa, tax plate or corporate tax-income declaration, residency from e-government, identity registration copy (translated and apostilled), mobile phone line bill, Greece Tax Number, Greek Line (Contoured telephone line), and a reference letter from your bank in your own country.
What are the legal processes involved in property transactions in Greece?
The lawyer prepares a Power of Attorney, registers the buyer as a taxpayer, checks property registry, prepares a Property Transfer Tax statement, assists in signing the Principal Property Purchase Agreement, and handles registration with the State Property Register.
Are there limitations on rental increases in Greece?
Yes, rental increases are limited by law. If the rental contract is for less than three years, the consumer rental index is used to determine the maximum rental price increase.
What are the tax implications for property holders in Greece?
The Greek Golden Visa program offered some favorable tax conditions for Golden Visa holders.Here are some general tax implications for Golden Visa holders in Greece:
- Income Tax
- Property Tax
Who is eligible to apply for the Golden Visa in Greece?
Non-EU citizens are eligible to apply for the Golden Visa. There are specific requirements and documentation that need to be met.
What are the investment options available under this program?
Real Estate Investment: This is the most popular and commonly chosen option. To qualify for the Greek Golden Visa through real estate investment, individuals can purchase residential or commercial properties in Greece.
What is the minimum investment required to qualify for the Golden Visa?
The minimum investment amount varies depending on the location of the property.
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- The minimum investment in the eastern and western strips of Athens is 250,000 Euros. In all areas of Greece outside of Athens and Thessaloniki, the minimum investment is 250,000 Euros.
The Golden Visa applicant must be a property owner. In regions where the minimum investment is €500,000, it should be a single property, while in areas where the minimum investment is €250,000, it can be a combination of multiple properties.
Is there a limit on the number of visas granted each year?
The Greek Golden Visa program did not have an annual quota or cap on the number of visas issued to qualifying investors. Therefore, eligible applicants who met the program’s requirements could generally obtain the Golden Visa
Can family members also apply for the Golden Visa under the same investment?
Yes, immediate family members typically have the right to apply under the same primary investor’s application. Individuals eligible for application include, but are not limited to, children up to 21 years old, spouses, and the parents of spouses.
What are the residency requirements for maintaining the Golden Visa status?
The specific residency requirements for maintaining the Golden Visa status in Greece can vary depending on the individual’s circumstances and the terms outlined in the Golden Visa program. Here are some general guidelines regarding residency requirements to maintain your Golden Visa status:
- Greece does not require a specific minimum stay within the country.
- You can renew your Golden Visa every five years, provided that you have not sold the property with Golden Visa status.
- One of the key requirements for maintaining your Golden Visa is to prove that you have retained your investment throughout the visa period.
- You should also ensure that you are compliant with Greek tax regulations.
- Maintaining a clean criminal record is essential to retain your Golden Visa status.
Is it possible to convert the Golden Visa into Greek citizenship in the future?
The Greek Golden Visa program provided a path to Greek citizenship for individuals who had held the Golden Visa for a certain number of years and met specific residency requirements. Here are some key points to consider:
- Residency Requirement: To be eligible to apply for Greek citizenship you would need to reside in Greece for 7 continuous years.
- Legal Obligations: You should remain in compliance with Greek laws.
- Application Process: Process involves demonstrating that you have met the required residency period and providing the necessary documentation.
- Citizenship Approval: Approval is not guaranteed, the government will assess your application based on the eligibility criteria.
- Dual Citizenship: Greece allows for dual citizenship.
How long does the application process typically take?
Title deed procedures take an average of 1-1.5 months in Greece, and the process of obtaining a Golden Visa takes an additional period of approximately 3 months.
What are the costs associated with buying property in Greece?
The total costs associated with buying real estate in Greece, including Title Deed Pass Tax, Attorney’s fee, notary fee, Golden Visa Application fee, and service fee, typically amount to approximately 10% of the property price.
Are there any rebates or discounts available for property owners in Greece?
Yes, ENFIA rebates are available based on property value, with additional discounts announced periodically by the government.
Please note that the information provided is subject to change and it’s advisable to consult legal and financial experts for personalized advice.
How are properties taxed in Greece?
Properties are subject to annual property tax, which is calculated based on various factors including property type, size, and usage. Rental income and income from movable assets are taxed according to specific scales.
What is the minimum investment required to qualify for the Golden Visa?
The minimum investment amount varies depending on the location of the property.
- In certain areas of Athens and Thessaloniki, the minimum investment is €500,000.
- In areas outside these two regions, the minimum investment is €250,000.
The Golden Visa applicant must be a property owner. In regions where the minimum investment is €500,000, it should be a single property, while in areas where the minimum investment is €250,000, it can be a combination of multiple properties.
