Reasons to Invest in Greece
Investing in Greece holds many lucrative investment opportunities, complemented by the freedom of an investor visa, taking into consideration the ideal timing of the Greek economy recovering from a recession as well as the Golden Visa scheme.
The Golden Visa Program with the lowest cost in Europe
Greece offers the most affordable Golden Visa option, with a minimum of 250.000 euros, the lowest investment capital required for a European residence permit, as the chart below:
We are comparing the minimum entry cost of golden visa program in European countries
Competitive real estate prices amongst European capitals
Currently, properties in Greece are undervalued as a result of a long-lasting recession. This means that compared to other European capitals, Athens offers very competitive pricing per square meter without compromising on the quality of real estate. Note that the Greek Golden Visa Program allows investors to choose their property without any geographical limitations or restrictions to the type of property, while other countries may impose rules depending on the nature of the property itself and its location.
Average property price in the center of European capitals (€/m2)
Generating income from day one
Investors are free to rent their properties in Greece immediately (while for instance in Malta the first 5 years of ownership are not allowed to). Moreover, due to the high and steady rate of incoming tourists and the growth of short-term rental schemes, property in Greece can yield a return on investment as high as 5% after taxes as well as promise a profitable resale option with the property prices to be expected to soon rise more in Greece.
Cost of living
For investors planning to move to Greece eventually, the cost of living is an important factor in their decision-making process. Greece is known for having a remarkably low cost of living, which benefits foreign investors since the maintenance, renovation works and professionals hired require minimal expenses.
Crossroad to the world
The geographical location of Greece is conveniently placed at the point where the East meets the West, providing a strategic investment destination. Since all major airlines are connected to Athens, flying around the world is easy, fast and cheap.
Beyond numbers and statistics
Beyond numbers and statistics, it’s the quality of life in Greece that the country offers to Greek residence permit holders, that sets an investment in Greece apart from the rest of the Golden Visa Program.
History and Culture
Greek ancient civilization and cultural legacy is prominent throughout the cities as well as islands with well-preserved monuments, museums, relics and cultural events and activities. A characteristic representation of ancient relics and temples coexisting with a modern landscape is the Historical Center of Athens, where ancient and current architecture merge harmoniously.
Safety
Either visiting as a tourist or moving to Greece, you will soon find out that this is a vibrant country. With shops being open until late and people populating the streets constantly, security is prioritised. Most importantly, nearly everyone speaks English, so it is easy to find your way around. Greek government is permanently investing in keeping each community safe.
Healthcare
Public and private healthcare of high standards is available to foreign investors just as to the locals. The hospitals, clinics and diagnostic centers in Greece are widespread and fully equipped with well-trained medical professionals who are familiar with providing treatment to non-Greek speaking patients such as Golden Visa investors.
Education
There are several international schools in Athens and in other cities, for primary and secondary education as well as universities. In the same manner, Golden visa holders may attend European Universities with the same benefits as EU citizens.
The famous Greek weather
Being amongst the sunniest countries in Europe, life in Greece is bright and the weather makes daily outdoor activities a breeze while maximizing the holiday season for tourists.
Entertainment
Venues to go out in Greece are available 24/7 varying from traditional music and dancing to mainstream bars and clubs.
Gastronomy
Restaurants and cafes are really popular amongst locals and tourists alike, with choices ranging from high profile gourmet eateries to traditional outdoor family-owned taverns. Food in Greece is based on the flavors of the Mediterranean cuisine and offers a variety of choices to suit different tastes.
The Greeks
Being part of a culture shaped around hospitality and tourism, Greeks are used to welcoming nationalities from every part of the world, most being fluent in English and willing to show newcomers and visitors around. Whether you are visiting Greece as a tourist, planning on staying long-term, or moving to Greece, locals are welcoming and amenities are high quality making your stay pleasant and easy to adapt to.
For more details around the Golden Visa Program in Greece and for suggestions regarding properties to invest, please contact our team that consists of highly experienced property advisors via email. We are more than happy to help. INVESTA Real Estate – property advisors in Greece.
