23/05/2021
The 7 reasons why investors opt for Greek real estate
The warm interest of foreign investors – in addition to the stock market, corporate and government bonds – is turning to the real estate market and this is evident from real estate prices, as well as the strong demand recorded by market executives. The pandemic did not stop the course of Greek real estate and despite the slowdown it seems to be immune to the pandemic. The question is why. What are the reasons that foreign investors choose Greece. According to market executives, investors view the Greek market warmly, first of all due to the relatively low prices vis-a-vis those of Western Europe, while tax incentives and the Golden Visa program have played an important role.
For example, the investment cost in Greece is lower compared to other countries in Northern and Western Europe, where the cost of investing in real estate in many cases exceeds € 10,000 / sq.m. if it is in the center of the capital. Also, any natural person abroad transferring their tax residence to Greece, can be subject to a special regime, if they invest at least 500,000 euros and in fact within 3 years in real estate, or companies, or securities, or shares, or units in legal entities, or legal entities based in Greece. Those who enter the special scheme will pay a flat tax each tax year, regardless of the amount of income earned abroad, 100,000 euros for a 15-year period.
1. Real estate prices
2. Golden visa
3. Tax incentives
4. Greece is a developing tourism industry – profit sharing
5. 85% of Greek territory is a tourist destination
6. Facilities, Infrastructures, Renovations, Goodwill
7. Cultural heritage, Natural beauty, geographical diversity
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