{"id":21486,"date":"2021-11-02T17:32:26","date_gmt":"2021-11-02T10:32:26","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=21486"},"modified":"2022-01-14T17:56:19","modified_gmt":"2022-01-14T10:56:19","slug":"greece-a-promising-real-estate-market-for-settlement","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/greece-a-promising-real-estate-market-for-settlement\/","title":{"rendered":"GREECE \u2013 A PROMISING REAL ESTATE MARKET FOR SETTLEMENT"},"content":{"rendered":"

Greece – Update on Greece\u2019s latest real estate market \u2013 Potential opportunities for settlement investors<\/span><\/em><\/p>\n

When it comes to Greece, it is the spectacular Olympus mount or the great civilization that would definitely capture our mind. However, for settlement investors, this island country is such a heaven where its citizens are able to enjoy potential real estate opportunities as well as substantial benefits that its passport provides. Let\u2019s get to know about the reasons behind.<\/span><\/em><\/p>\n

\"Greece\"<\/p>\n

ABOUT GREECE\u00a0<\/b><\/h3>\n

Greek lies at the juncture of Asia, Europe and Africa which gives this country an enormous advantage to develop its economy, culture, tourism and services. Specifically, Greece\u2019s tourism is the world\u2019s top20 and Europe\u2019s top5. In terms of medicine, its medical system has a ranking of 14 internationally. There are approximately 200 public and international schools in total located nationwide together with a multi-language culture which attract people from all around the world to come and reside in.\u00a0<\/span><\/p>\n

In addition, since 2004, Greek has officially become a member of the European Union. Following such important event, this country has also joined other organizations such as Schengen area and Eurozone.\u00a0<\/span><\/p>\n

\"benefit\"<\/p>\n

Greek\u2019s passport is one of the highest ranking travel passports in the world which allows its owner visa exemption to 180 countries and territories. Thank to this huge benefit, Greece has currently been of great interest for foreign investors.\u00a0<\/span><\/p>\n

Update on Greece\u2019s real estate market\u00a0<\/b><\/h3>\n

The Covid-19 pandemic has caused a large number of difficulties for Greece\u2019s real estate market. However, this, in turn, serves as a once-in-a-century opportunity for investors of financial potential to make an explosion in their real estate business still manage to retain their active assets for future use.\u00a0 Greece is currently a potential market of real estate which could make investors \u201csteer\u201d their cash flow at this time.\u00a0<\/span><\/p>\n

The stability of Greece\u2019s real estate market has become transparent gradually after a significant increase in investment is registered within the past few years. In addition, pricing has almost returned to its ever point pre-crisis and construction activities have increased in every industry by the end of 2020. Demands regarding real estate activites, thus, have brought a considerable amount of profit for primary investment products. (Greek Reporter<\/a><\/strong><\/span>).<\/span><\/p>\n

\"Greece\"<\/p>\n

The situation of real estate prices in Greece<\/strong><\/h4>\n

House rental rate in Greece has grown by over 0,5% within the first quarter of the year as the market shows signs of recovery post-pandemic, according to data collected by Sputogatos.gr. Apartment rental costs in the center of Athens, Acropolis and Koukaki have reduced by 6,1% per year equal to 8,86 euro per m2. However, that is not the case for Piraeus suburb area which has experienced a growth of 10,8% equal to 6,67 euro per m2.\u00a0<\/span><\/p>\n

\"The<\/p>\n

Greek\u2019s real estate price is rather low in comparison with other European countries. The local government implements tax reduction and accelerates privatization projects making Greece a promising market to invest in.\u00a0<\/span><\/p>\n

In recent years, Greece\u2019s economy has proceeded in a positive pattern with noticeable recovery signs. Basing on the current situation, Greece\u2019s real estate market will soon get back to its pricing post 2008. Which is twofold in comparison with the current one. With the introduction of the Golden Visa program, Greece\u2019s real estate fever promises to be much hotter than it ever has been for the upcoming time.\u00a0<\/span><\/p>\n

GOLDEN VISA \u2013 SETTLEMENT BY INVESTMENT PROGRAM IN GREECE<\/b><\/h3>\n

Golden Visa has been by far the \u201cmomentum\u201d for the real estate fever taking place in Greece in the past few years. This \u201cphenomenon\u201d appeared in 2013 and rose dramatically to take the reign in the battle of best settlement by investment programs in 2018. Greece\u2019s Golden Visa defeated the America\u2019s EB5 to be the world\u2019s top1 in terms of green cards issued in 2018.\u00a0<\/span><\/p>\n

You can get down-to-detailed information about Golden Visa <\/span>HERE<\/a><\/strong><\/span><\/p>\n

\"Greece\"<\/p>\n

Golden Visa has not failed to prove as one of the world\u2019s best Visa programs as it continues to attract a great number of family investors worldwide. The government applies a policy which allows investors to make a real estate investment with an amount just from 250.000 EURO together with simple conditions of participation. In the first quarter of 2020, there were totally 22.103 green cards issued in Greek.\u00a0<\/span><\/p>\n

For further information about Greece settlement experience, click <\/span>HERE<\/a><\/strong><\/span><\/p>\n

Why Greece Golden Visa?<\/strong><\/h3>\n

Benefits that investors receive after successfully obtaining Greek citizenship:<\/strong><\/h4>\n