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Real estate investment in Greece
Now property prices are growing in prime locations, driving demand, and investors can anticipate a healthy Euro yield.
Available Offshore Property
Greek Golden Visa – Residency by investment
The Greek government launched their Golden Visa programme in 2013 with the aim to stimulate foreign direct investment, boost the real estate market, and attract affluent individuals and families to Greece.
You can qualify for the Greek Golden Visa with a property purchase exceeding €250,000. Real estate investment hotspots in Greece include Athens, Paros, Crete, Corfu and Piraeus.
Benefits of the Greek Golden Visa
A straightforward buying process
No restrictions on foreign investment
A Golden Visa with purchases exceeding €250,000
High demand for rental accommodation in prime cities year round
Good rental returns in Euros
Growing property market
Visa-free access throughout the Schengen area for leisure purposes
No minimum annual stay requirements
Greek Golden Visa qualifying criteria
Real estate investment
As of 1 September 2024, there will be three different qualifying price categories of real estate investment for the Greek Golden Visa:
- Minimum investment of €250,000 in qualifying real estate regeneration projects in listed building.
- Minimum investment of €400,000 real estate investment in all other low density areas
- Minimum investment of €800,000 in prime areas (Attica Region, Regional Units of Thessaloniki, Mykonos, Santorini and all islands with populations exceeding 3,100 inhabitants)
We're here to help. Let our expert advisers answer all of your questions.
Athens
Known for its thriving arts scene, buzzing nightlife and ancient ruins, the capital city is an exciting and appealing place to live and work. It is a vibrant hub with a cosmopolitan community. A buzz of tourism comes through year-round, with an increasing community of nomads choosing to live and work in the city. The availability of centrally located property at competitive European rental adds to the appeal.
Thessaloniki
Thessaloniki is a wonderful place to live and work, with a high quality of life and relatively low cost of living. Some of the finest beaches in Greece are on the Halkidiki peninsula, which is just a short bus ride from Thessaloniki. The well-regarded University of Thessaloniki makes this area a popular destination for academics and brings a wonderful vibrancy to the city.
Paros
Known as the jewel of the Cyclades, Paros boasts captivating beaches, vibrant villages, and a rich cultural scene. Nestled amidst the azure waters of the Aegean Sea, Paros offers a high quality of life at a reasonable cost. Just a ferry ride away from Halkidiki's stunning beaches, Paros is a charming haven for residents and academics alike, brimming with Greek charm and vibrancy.
Crete
Crete, the crown jewel of the Mediterranean, offers a blend of stunning landscapes, sun-drenched beaches, and rich history. Nestled in the azure waters of the Aegean Sea, Crete promises a high quality of life amidst breathtaking beauty and endless opportunities for exploration and relaxation. Nestled amidst the azure waters of the Aegean Sea, Crete boasts a high quality of life amidst a backdrop of natural beauty. Whether you're strolling through ancient ruins, indulging in local cuisine, or simply relaxing on one of its pristine beaches, Crete offers an unparalleled lifestyle experience.
Long-term factors to consider
- The lack of available loans on property purchases provides a barrier to entry. If this changes, as it has done in other European countries, we can expect a sharp increase in property value.
- Efficient systems in place for property management, stabilising asset maintenance post investment.
- Greece offers great rental yields in prime cities and locations.
- Greece is a multinational country with a strong cultural backing.
All considered, it's easy to see why Greece is a hotspot for investment and why it might see a positive growth phase in years to come.
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Disclaimer: Please do not act in reliance on information published or advised without consulting a suitably qualified independent legal or other professional advisor of your own choosing. Sable International will not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of their use or reliance on any of the advice provided by any one or all of the professional advisors identified by Sable International; loss or damage suffered by any person as a result of changing government legislation; and/or changing rules around immigration and nationality. Obtaining residency and citizenship is at the sole discretion of the government in question and cannot be guaranteed by Sable International.