Greece has been labeled as the new hot investment destination because of its lower cost compared to other countries, and its stable growth in real estate value. Likewise, the Golden Visa Greece has been ranked as the most favourable location for international investors in the recent survey by the international experts on real estate in the immigration firm Astons.
The applicants for this visa can obtain the EU residence in the fastest and lowest cost entry to Europe, in just 60 days and for as low as €250,000. With the Golden Visa Greece, foreign entrepreneurs might find a new location for their business, as well as a desirable place to live in — beautiful landscapes, the perfect Mediterranean weather and an incredibly good value in the real estate market.
Why choose Greece as your new country of residence?
Greece is known for its spectacular views in islands such as Santorini, for the famous historical locations and arts from Ancient Greek, like The Old Town of Corfu, a UNESCO Heritage, and for the amazing beaches, such as the Elafonisi Beach famous for its pastel pink sand.
Greece is the destination of choice for millions of tourists every year, which can be a business opportunity for investors that purchase properties for profit. The country, which offers a great quality of life, is also the chosen destination for foreign retirees that opt to live on a paradise island during their retirement days.
The Golden Visa Greece has become the preferred option for non-European entrepreneurs, for instead of buying a property in the country, whereas in the last year, the prices on real estate in Greece has increased about 2.7%, from €127,596 to €131,040 for an average property, foreign investors choose the Golden Visa Greece. In this way, they can buy a property in one of the beautiful Greek islands, and obtain a residency permit that will allow the investors and their family to legally stay in the country.
Benefits of the Golden Visa Greece
Visa-holders will be eligible to live, work and study in Greece, with access to free healthcare and the prestigious educational system of the country. Furthermore, with the Golden Visa Greece you can travel to the 26 Schengen countries without the need of an additional visa, and after living in Greece and paying the taxes for at least 7 years, you can apply for the Greek citizenship.
The different investment options available under the Golden Visa Greece are:
- Real estate of €250,000 – this purchased property must be held for the duration of residence and for a minimum period of 5 years
- Real estate lease of €250,000 – or also a timeshare, which has to be held for the duration of residence and for a minimum of 5 years
With the Golden Visa Greece, foreigners will have the chance to live in one of the exceptional islands, or choose to make profit from your real estate purchase. Crete, the biggest Greek island that is filled with beautiful beaches and historical palaces and churches, will give investors a great business opportunity for the island has thousands of tourist visits that look for apartments for short-term stays (mainly from Airbnb). Another great real estate investment would be in the island of Santorini, which is the chosen destination of many for their honeymoon. The island welcomes an average of two million tourists annually, and is still lively during winter – it is the most visited island in Greece, perfect to live in and for business.
Once you have decided on the place you want to purchase real estate, our experts in Orience International will help you choose the best investment route. Afterwards, you will be submitting all the legal documents as well as the residence application. After your residence application has been examined and approved, you will be issued with the residence permit.