A land full of many wonders
Greece is well known for its beautiful lifestyle with over 34 million tourists choosing it for their vacation in 2019. In 2021 Greece was the first EU country to reopen its boarders to tourism following the Covid-19 pandemic and it is now quickly establishing itself as an attractive business destination. Greece offers a balance with a work hard, play hard culture where the main land has quickly become a new business hub and the islands the weekend playground.
A New Investment Destination
Many large well-known brands have recognized the business advantages and invested in Greece with pharmaceuticals, shipping, logistics and renewable energy, key emerging markets that are attracting global companies. Amazon, eBay, Volkswagen and Pfizer are examples that have recently opened new offices or begun operating from Greece for the first time. These companies are interested in having a base here for multiple reasons including being able to offer highly qualified multilingual personnel, competitive labour costs and attractive office rentals. Furthermore, business taxation incentives introduced by the Government have been well promoted, this coupled with the attractive lifestyle, make it a very good proposition.
Ernest and Youngs’ latest Attractiveness Report supports this further rating the country 23rd in 2020, climbing 6 places from 2019. More than half of investors asked said Greece’s management of the Covid-19 pandemic has positively affected their view regarding its attractiveness as an investment destination.
Expansion in Greece
Our developer has had a presence in Greece for over 10 years, completing and selling a number of residential projects in Athens and the beautiful island of Crete. More recently they expanded their presence by opening an office in the heart of Athens city centre, in the convenient location of Leoforos Alexandras 128. In addition to the new offices, our developer has launched a new development on the Athens Riviera, it is in an affluent area of the capital city situated a short distance from the river lliso. The location is undergoing a €10bln regeneration investment to include new developments such as marinas, parks, casinos, 5-star hotels and much more, making the area more attractive than ever and ripe for investment. In fact, tourism figures are anticipated to double once the new projects are complete in the next few years.
Athens Riviera - Luxury Apartments
Suites- Athens
A stylish development and one of only a few new developments currently available in Athens.
There are 56 two-bedrooms apartments, which are very contemporary in design with modern finishes. All of the apartments have the added benefit of private parking and outdoor verandas or courtyard gardens, which are always a premium in a capital city.
(Construction started September 2021)
During this pre - construction sales period, prices start from €250,000.
Now is an excellent time to buy in Greece as there is no VAT on new properties until the end of 2022,saving 24%.
Our developer also offers a range of properties in prestigious areas of Athens, covering both residential and commercial use.
Hellinikon Little Park
A boutique development of 7 two-bedroom apartments situated just 4 minutes away from the Urban Innovation development with communal pool and gardens.
( Construction starts October 2021)
Athens Court Heights
A nearly completed development consisting of 6 floors and 10 apartments all with private parking and covered verandas. These one and two-bedroom apartments are very conveniently located in close proximity to the city centre and two metro stations.
(Completion October 2021)
Glyfada Golf Residences
A newly renovated building of two- and three-bedroom apartments with great sea views. Located 500m from the Ellinikon Project and Glyfada Golf Club.
(Fully furnished apartments) Prices range from €178,000 - €478,000
COMMERCIAL
Price is €270,000 (for both) with a 3% rental guarantee for 7 years.
Two commercial units in the central street of Vyronas, one of the busiest in Athens.
The shops are 73sq.m in size and located in the Z Building project which consisting of 9 apartments, a reception area and laundry room. The building operates as an aparthotel all year around with excellent rating on booking.com (9.6).
PERMANENT RESIDENCY
Buying a home or commercial property in Greece, at a value of more than €250,000, gives you eligibility to apply for Permanent Residency. This enables an entire non-EU family, including dependent children up to age 21 and the parents of both spouses, to obtain Permanent Residency status in Greece within just 2 months. The main benefits include you and your family having access to healthcare and education in the EU and visa-free travel to the Schengen Zone.
It is the most competitive Permanent Residency scheme in Europe, the application process is simple and efficient and you can even begin it remotely.
For more information about these great opportunities or the Permanent Residency program, please contact us.