Buy real estate and businesses in Greece, according to the “Financial Times”, in 2016, wished to 140% of foreigners more than in the past. The reason for that – the new law, which reduced the tax clearance, and it is from here on – only 3%, the lowest in western Europe.
And of course the “golden visa” – a residence permit for five years for the whole family.
In the past year to buy property in Greece prefer 24 % of European and 19 % of U.S. investors. Basically bought Residential prime class in Athens and on the coast of Greece in Athens and elite and famous islands of Greece.
The basic demand for commercial real estate in Greece , sharpens foreign investors at large and medium-sized operating hotels, mainly:
- In Athens and Attica region.
- In Thessaloniki and Chalkidiki.
- As well as developing the islands where a good prospect of growth of tourist flow – Paros, Naxos, Milos, Zakynthos and Kefalonia.
- Considerable demand were sold in the famous resort hotels in Greece – Loutraki, Nafplion and Edipsos.
What to do when you want to buy a property in Greece?
While shopping online can give you a good idea of the property itself, it can be difficult to get a real feel for the area without being there. As such, it’s a good idea to take a trip to Greece to scout where you’d like to buy beforehand, if possible.
A Real Estate Agent can save you with tones of money and time in order to find the right property that suits to your needs and your investment plans.
When you find the right property for you, you can make an offer. The Real Estate Agent could help you in these procedure.
In Greece, it’s mandatory to retain a lawyer if your home will cost more than €12000 in rural areas or €30,000 in urban areas. It’s unlikely that you’ll be purchasing a home for less, so it’s a good idea to take this step up front.
The notary makes or breaks the property sale in Greece; make sure all your documents are in order so you can breeze through this process.
You must find an experienced Tax Accountant or a competent Tax Accounting Company in order to inform you about the upcoming taxes, to help you with AFM, and also to help you fill all the necessary tax documentation and returns. A Tax Accountant will help you make a strategic plan on how you can use and tax plan your investment.
Depending on your plan and your needs, you can use by yourself the property and also exploit it in certain time periods and earn significant amount of income.