5 REASONS TO INVEST IN GREECE

08.09.2022

5 REASONS TO INVEST IN GREECE

Which country should I choose to invest in? Where to buy the most liquid real estate in Europe? These and many other questions are asked by investors who want to invest in real estate.

We suggest you consider Greece. There is an opinion that Greece is not the most economically developed European country, and that it is going through crises, but let’s look at the facts. According to the Central Bank of Greece, the flow of foreign investment in real estate is only increasing and last year brought about 1.5 billion euros to the country. Why are there more and more people who want to buy real estate in Greece?

Home Lux Invest has collected 5 main reasons why it is worth investing in the Greek real estate market.

PROFITABILITY

In the last few years, property prices in Greece have increased by 30%, but they are still below the pre-crisis level (according to the central bank of Greece). And lower than the average in the Western European market. This means that the price growth will continue, and now is the time to have time to invest in the Greek market.

RESIDENCE PERMIT

Greece has quite loyal requirements for applicants for a residence permit in comparison with other European countries. Firstly, the minimum cost of real estate is 250 thousand euros (in Portugal, for comparison, 500 thousand). Secondly, there are no requirements for a minimum period of stay in the country. Thirdly, in addition to the owner of the property, the whole family can get a residence permit, including parents on both sides.

THE SCHENGEN AREA

Greece is one of the 26 European countries to which the owner of a Greek residence permit gets access. You can travel freely, as well as live on the territory of other Schengen countries for up to 3 months.

CLIMATE AND NATURE

More than 300 sunny days a year and an average annual temperature of about 20 degrees is almost an ideal climate, both for recreation and for living. The holiday season lasts approximately from May to September. In addition, Greece has a great natural diversity to offer – from the sea and lakes to mountains and forests, and all this is of indescribable beauty.