The Greek government issues "golden visas under a state programme. Investors open a deposit in a local bank, buy real estate or securities in order to obtain a residence permit.
The real estate option is the most sought-after by investors, according to an interim report from the Greek Ministry of Immigration.
7,825 investors chose to buy a property between 2014 and April 2020.
€250,000
Minimum value of property under the Greek residence permit programme
An investor needs to buy one or more properties with a value of €250,000 or more and own the property for five years. The property can then be sold, and the money invested can be paid back.
During the ownership period, the investor may rent out the property. Rental income varies from 3 to 10% per annum. A three-bedroom apartment in Greece costs €575 per month and rental prices in Athens are €715.
The value of the real estate will be affected not only by the construction of a new district. The Greek economy is gradually recovering from the coronavirus crisis, with house prices rising next. Real estate specialists Immigrant Invest recommend not to postpone the purchase of objects until the end of 2021. Now investors can buy real estate at a better price while getting a Greece golden visa as a bonus.
A residence permit in Greece gives the investor and his family the opportunity to live, study and work in the country, as well as travel freely in the Schengen states.
Immigrant Invest is a licensed agent of the residence permit programme in Greece by investment. If you want to buy Greek real estate and visit Schengen countries without visas, seek advice from experts in investment programmes.
