Reasons to buy property in Greece

The economic crisis in the country is passing, and the economy began to grow. This gave an impetus to the fact that the sale of real estate in Greece began to grow significantly, there are more and more buyers.

Therefore, the cost of apartments and villas began to increase. Now is the best time to buy real estate, and we will tell you why.

When buying real estate in various countries, foreigners are offered a visa or other conditions for a long stay in the state. In Greece, a residence permit is issued in gold in case of purchase of an apartment or villa with a value of 250 thousand euros or more. Here the lowest duty, in comparison with other states.

If you need a golden residence permit, it is best to buy property in Greece. Here are the most loyal conditions and a small fee: 5% of the value of the object.

In Cyprus, the minimum value of real estate should be from 300 thousand euros, in Portugal and Spain - from 350 and 500 thousand euros, respectively.You need to renew your visa every five years. At the same time, the whole family receives it: husband or wife, their parents and children, whose age is less than 21 years.

Due to the visa, year-round accommodation is possible. At the same time, this visa will be enough to travel to European countries: you will not need a Schengen with it.

According to forecasts of the World Tourism and Travel Council, by 2028, foreigners visiting Greece will increase to 42.5 million people. At the same time, the indicator is significantly increasing: since 2012, it has doubled, amounting to 30.2 million people in 2017.

With this arrangement, renting a property in Greece by the sea will not be a problem for you. Apartments for tourists are in great demand. According to AirDNA, the average occupancy rate per season is 70%.

Greece is on its feet by implementing measures to reduce public debt. The country's runway, according to the forecast of the European Commission, will grow by 2.5% per year. The economy began to "recover", which improves the financial sector. Living there will be much more profitable.

Note that in Greece there are relatively low taxes and utilities. Products also cost less. So, if you are choosing a European country to buy real estate - Greece will be the perfect option. The cost of an apartment or villa you can see here.

Due to the economic crisis in 2008, real estate has fallen in price. Even now, real estate in Athens is much cheaper (42%) compared with the cost of the pre-crisis period.

 On average, for 1 square meter it is worth paying from 1.5 to 2 thousand euros.