Greece is becoming a popular location for entrepreneurs. They choose this when they want to invest in real estate in Europe. The real estate industry here has changed significantly over the years. It is now considered one of the most appealing options. There are many reasons why a real estate investment in Greece is a wise choice for entrepreneurs.
Low Entry Costs With Big Growth Potential
Greece has much lower real estate prices than other European countries. Property prices are quite reasonable even in prime locations. This gives entrepreneurs a chance to enter the market at a much lower cost. They can acquire real estate assets with growth potential. The property could increase in value as demand grows over time.
Enter a Booming Tourism Industry
Tourism is a major part of Greece’s economy. The number of tourists keeps increasing every There is a steady demand for various types of businesses. Entrepreneurs looking to invest in real estate can enter this market. They can start a business that would attract more tourists. This allows them to take advantage of seasonal demand. Slowly, they can establish a successful business model.
The Greek Golden Visa Program
Greece offers one of the most affordable and simple residency programs in Europe – the Golden Visa Program. This lets non-EU investors get residency. This is possible if they purchase real estate properties that cost at least €250,000. It’s an attractive alternative for entrepreneurs looking to invest in Greece with lifestyle advantages.
These are the benefits of the Golden Visa:
- You will be allowed to live in Greece with access to public healthcare and education.
- The Greece Golden Visa allows you to visit all Schengen Zone countries without a need for a visa for up to 90 days within any 180-day period.
- No Minimum Stay. There is no requirement to live in Greece to keep your residency status.
- Property Rental. Only long-term rentals are allowed for Golden Visa properties.
- Greek Citizenship Application: Apply for Greek citizenship after 7 years.
Simplified Property Ownership Process
Greece has made property investment more attractive. They have lowered property taxes and simplified the buying process for foreign investors. There are no restrictions on foreign ownership. Rental income is also taxed at competitive rates. In addition, the property transfer taxes have been reduced.
The Central Hub for Startups
Greece is becoming more than just a tourist destination today. This is quickly developing into a centre for startups and remote workers. Most cities here are experiencing more investment in technology and innovation. That is why many entrepreneurs from all across the globe are looking into moving to Greece.
Greece has become a popular choice for remote workers, too. It has reliable internet and lower living costs. It also has a very appealing Mediterranean lifestyle. Owning a real estate property here allows you to have an asset. It’s a good place to live and work in Europe.
Lifestyle Benefits for Property Owners
Greece provides a quality of life that is definitely unmatched. It offers a relaxed way of living compared to other countries. This makes it a good place to live. That is why it attracts the interest of renters and buyers. You can invest in long-term rentals or vacation homes. Others prefer a commercial property in Greece because of the growing demand.
Conclusion
Investing in real estate in Greece provides more than just property. This will also open new doors if you want to enter an industry. Tourism is thriving in Greece. Still, property prices are lower than in other European countries. In addition, the government-backed incentives like the Golden Visa are another reason to take advantage of the opportunity to move here.