The Greek economy currently has positive changes with visible signs of recovery. With this momentum, soon Greek real estate will gradually return to the price before 2008.
Previously, in 2013, this beautiful Mediterranean country announced its investment program in real estate, receiving the lowest-cost permanent residence card in Europe.
Accordingly, investors who wish to settle in this country only need to buy a property worth at least EUR 250,000 to be granted a 5-year residence card for the whole family – 3 generations of spouses and children , grandparents. Long-term residence card is issued after 4 months from the signing of the real estate purchase contract. After 7 years living in Greece, investors and families can naturalize and own European passports.
It can be seen that the advantages of this program are low cost, simple and quick approval conditions, which do not require candidates to demonstrate financial ability or foreign language proficiency. Investors who do not need to live in Greece can maintain their investments or renew their residence cards.
The benefits of owning a long-term residence card are obvious. In addition to the freedom to travel within the Schengen area, including 26 countries such as France, Germany, Italy, Switzerland … card holders can enjoy a healthy living environment, a warm, civilized and civilized Mediterranean climate Great of a developed country. In addition, we must mention the world’s leading medical services, high-quality health care and education, completely free perks for investors and families while living in Greece.
Reportedly, the real estate project in the Golden Visa program is located in Athens with a limited number of apartments and can be released with profitable value. With the above price, Greece is currently the country with the lowest investment program in Europe.
Many people are suspicious of EUR 250,000 for an apartment right in the center of Athens and just 10 minutes from the Acropolis, Syntagma, Marina and Plaka. In fact, after the public debt crisis, real estate prices here have dropped by more than 50% (according to Denzell Vietnam). Many real estate investors have seized opportunities to invest in a country that has twice the number of tourists.
The Greek economy currently has positive changes with visible signs of recovery. With this momentum, soon Greek real estate will gradually return to the price before 2008, which is double the current level. With the Golden Visa program, the real estate fever in Greece promises to “heat up” more in the near future.
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