
Why invest in Greece
To choose Greece is to choose an exciting country, in the south east Coast of Europe, to invest and buy high quality services and products. It is also the choice for a privileged, geographically strategic location, ideal for those seeking to supply the European market or expand their businesses to other parts of the world. As a member of the EU and the Eurozone, Greece offers access to high-growth and emerging regional markets, being an excellent gateway -without any trade barriers- to more than 140 million consumers in Southeast Europe and the Eastern Mediterranean.
Greece has become a favorable investment destination in the last few years, mainly because of its natural beauty, mild climate and geographical position, but also because of a significant drop in prices following the financial crisis that emerged after 2010. Investors from all over the world especially from China are now looking at Greece as the new “hot” investment destination and rushing to benefit from the abundance of quality real estate available at affordable pricing. Many buy as end users and others with the aim of letting.
Greece is a European Union member-state governed by the rule of law. It is also a member of the eurozone, enjoying all the benefits that derive from sharing the common currency without risks of devaluation or inflation volatility. The laws pertaining to the acquisition and ownership of real estate are provided by the Hellenic Constitution and the Civil Code. Most properties in Greece are freehold.
The success of a project is also shaped by the quality of its human resources. Greece has a highly skilled and talented workforce available fully meeting today’s needs to achieve long term business success. Moreover, labour costs are highly competitive within the E.U.
Greece is not only a good country to invest but also a desirable place to live. Sunshine that brightens most of the days through the year helps people feel motivated and productive.
Despite the economic crisis that the country is currently facing, efforts to improve public finances and apply crucial economic reforms are under way. The country is striving to use the crisis as an opportunity to boost its economy by applying a new viable model of development. Attracting foreign investment is considered a key to overcome the crisis. Providing the best possible environment for foreign investment is viewed as a top priority with a view to attract market-leading companies and dynamic entrepreneurs, creating thus associated jobs and stimulate the national economy.
Investment at properties
Greece has become a favorable investment destination in the last few years, mainly because of its natural beauty, mild climate and geographical position, but also because of a significant drop in prices following the financial crisis that emerged after 2010. Investors from all over the world are now looking at Greece as the new “hot” investment destination and rushing to benefit from the abundance of quality real estate available at affordable pricing. Many buy as end users and others with the aim of letting.
Greece is a European Union member-state governed by the rule of law. It is also a member of the eurozone, enjoying all the benefits that derive from sharing the common currency without risks of devaluation or inflation volatility. The laws pertaining to the acquisition and ownership of real estate are provided by the Hellenic Constitution and the Civil Code. Most properties in Greece are freehold.
Fees
- Purchase – Transfer Tax
Purchase contracts may only be signed and authorized if this tax has been paid and proof of payment submitted to the Notary. Buildings with permits issued after January 2006 from a contractor, are subject to significantly higher taxation.
- Registration Fees
A purchaser does not obtain full ownership rights until the property is registered and fees are paid.
- Notary Fees
NOTE: Only the notary can validate the ownership title.
- Legal Representation Fee
- Architect-Engineer Technical Fees
The Architect-Engineer conduct an inspection to verify that all built structures on-site comply with what has been declared on the lawfully issued building permits and floor plans.
- Real-Estate Agents Fees
A lot of foreign investment buy property to get the GOLDEN VISA.
Many times, it is useful to set up a company in Greece and buy the property.
Read also: SET UP COMPANY IN GREECE
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