We have already explained in a previous article why Greek real estate is considered this period one of the top choices globally to invest your money (check article: https://gconstructions.com/blog/investing-in-greece-right-moment).
The next question that comes up is what kind of property is the right one?
This answer depends on many factors. However before research starts, you should go through four main steps…
STEP 1: READ ABOUT THE GOLDEN VISA PROGRAM
If you are interested in buying a property in Greece make sure that you have read the terms of the Greek golden visa program through a formal representative. This is about a very attractive residency program that benefits the oversea citizens who want to invest in Greek real estate.
The right choice is not fixed for everybody, so you need to read carefully the program to find out how flexible it is compared to those of other countries. After having read it, you will be able to know all the benefits and options you really have by investing your money on a Greek property.
STEP 2: DEFINE YOUR BUDGET
After step 1 you already know that thanks to the Golden Visa program (https://gconstructions.com/golden-visa/) you get the opportunity to live in beautiful Greece bringing your family with a minimum property investment of 250.000€. Before you start property exploration you should set your main criteria by defining your budget. The program allows you to reach 250000€ in stages buying more than just one properties. Many people have taken advantage of this flexibility and buy a number of properties in wide length of time, starting with a property requiring a much smaller budget.
STEP 3: DEFINE YOUR PURPOSE (IMMIGRATION, INVESTEMENT OR BOTH)
Finishing the first step you will realize that the initial question you need to answer yourself is if you are looking for a property ideal for immigration, investment or both.
If you intent to immigrate you should focus more on location and lifestyle offered to the residents. People desiring to immigrate want mainly to move with their families and raise their children in Greece. They emphasize in quality locations and the nearby facilities. Normally they are interested in international schools, areas with amenities, transportation, easy access from airport, shopping centers, hospitals etc.
In case of investment numbers make the difference. If you are concerned in money return then you‘d better look in tourist areas such as the city center of Athens. Airbnb in combination with high demand of Greek tourism have upgrade neighborhoods and can ensure fair incomes. Before you proceed make sure you have understood Greek taxation and have entrusted a good team to manage your property.
The Greek golden visa program provides the flexibility to overseas citizens to reach 250000€ with more than just a property! Therefore foreign buyers often take the opportunity to do both (immigrate and invest) buying two properties or even more.
STEP 4: TRUST THE RIGHT PEOPLE
Buying a property in a different country is considered a difficult task. Mainly because it demands a serious amount of money while for an oversea citizen is hard to know important information such as services’ charges, real estate legislation, taxation and construction standards. Guidance from an experience group of professionals is necessary. Agents, lawyers, engineers, notaries, constructors, managers and real estate experts are all needed through the process. Instead of finding each specialty separately, it is preferable to entrust all your issues to a skill team consisting of all the required professions.
Your research should be dedicated to finding the right group of people that will guide you safely all the way through.