What is a golden visa in Greece?

A golden visa in Greece is a special type of residence permit that allows non-EU citizens to live and work in Greece. It is a popular option for many foreigners who want to enjoy the benefits of living in Greece, without having to go through the long and complicated process of obtaining a traditional residence permit.

The golden visa scheme was introduced in Greece in 2013, and since then, it has been a great success. It allows non-EU citizens to invest in the Greek economy by purchasing property, and in return, they receive a residency permit that is valid for five years.

In order to be eligible for a golden visa in Greece, a foreign investor must purchase real estate with a minimum value of €500,000. The property can be in the form of a single property or multiple properties, as long as the total value exceeds the minimum threshold.

Greece has changed the investment amount under the Golden Visa

In 2022, the Greek government has changed the investment amount under the Golden Visa program in Greece. Until 2022, it was enough to invest 250,000 euros per person. This amount has now changed to 500,000 euros in 2023.

Luxury real estate in Greece

Once the property purchase has been completed, the foreign investor must then apply for the golden visa. The process is relatively straightforward, and the investor will need to provide proof of the property purchase, as well as meet other standard requirements for obtaining a residency permit, such as a clean criminal record.

Benefits from Golden Visa in Greece

The golden visa scheme offers many benefits for foreign investors. First and foremost, it allows them to live and work in Greece without the need for a traditional residency permit. This means that they can enjoy all the benefits of living in Greece, such as the great weather, beautiful landscapes, and rich cultural heritage, without having to worry about the usual visa requirements.

Additionally, the golden visa scheme is a great way for foreign investors to invest in the Greek economy. The scheme has been hugely successful in encouraging foreign investment in the country, which has in turn helped to stimulate the Greek property market and boost the overall economy.

One of the other benefits of the golden visa scheme is that it allows investors to bring their families with them to Greece. Spouses, dependent children, and even parents can all be included in the investor’s residency permit, which means that the whole family can enjoy the benefits of living in Greece.

The Greek golden visa scheme has been hugely successful in Greece, and it is likely to continue to be popular with foreign investors in the years to come. The scheme offers a great way for investors to invest in the Greek economy, while also enjoying all the benefits of living in this beautiful and historic country.

In Conclusion

In conclusion, the golden visa scheme is a great option for foreign investors who want to live and work in Greece. It is relatively easy to obtain, and it offers many benefits, such as the ability to bring family members, investment opportunities, and access to all the cultural and natural wonders that Greece has to offer. If you are considering investing in Greece, the golden visa scheme is definitely worth exploring further.

Book`n Greece offers a full range of services (legal services, real estate investment) for obtaining a Golden Visa in Greece. Please contact us! We guarantee 100% golden visa in Greece!!!

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Luxury real estate in Greece to buy

1 – Luxury relaxation in Santorini

Santorini is a popular destination for luxury travelers seeking stunning views, exceptional dining, and luxurious accommodations. The island’s unique landscape, with its iconic white buildings and blue-domed churches, is the perfect backdrop for an unforgettable vacation. Visitors can stay in a luxury villa or a five-star hotel, enjoy a private yacht cruise, or dine at Michelin-starred restaurants.

Read More : All about Golden visa for foreigners in Greece 2024

2 – Mykonos Luxury Destination

Mykonos is known for its lively nightlife, but it’s also a top destination for luxury travelers seeking high-end amenities and services. The island boasts luxury villas, private beaches, and top-rated restaurants, making it an ideal destination for those seeking a mix of relaxation and excitement.

3 – Crete in a VIP recreation

Crete is the largest of the Greek islands and offers a wealth of luxury experiences, from secluded beaches to high-end resorts. The island is known for its rich history and cultural heritage, as well as its stunning natural beauty. Visitors can explore ancient ruins, enjoy spa treatments, or simply relax by the pool at one of the island’s many luxury resorts.

4 – Corfu for a luxury tourism

Corfu is a popular destination for luxury travelers seeking a mix of culture, history, and relaxation. The island’s Venetian architecture and lush landscapes are complemented by luxurious villas and high-end resorts, making it an ideal destination for those seeking a refined and sophisticated experience.

Read More : Top 5 cities in Greece to buy real estate 2024

5 – Zakynthos

Zakynthos, also known as Zante, is a paradise for luxury travelers seeking pristine beaches and crystal-clear waters. The island offers a range of high-end accommodations, from luxury villas to boutique hotels, and is also home to some of the best seafood restaurants in Greece.

6 – Rhodes in top 10 luxury destinations in Greece

Rhodes is a popular destination for luxury travelers seeking a mix of history and relaxation. The island is home to the historic Rhodes Town, a UNESCO World Heritage site, as well as luxurious beach resorts and high-end restaurants. Visitors can enjoy the island’s rich history and culture while indulging in all the luxuries of a modern vacation.

7 – Naxos

Naxos is a lesser-known destination but offers a wealth of luxury experiences for travelers seeking a more secluded and exclusive vacation. The island is home to some of the most beautiful beaches in Greece and offers a range of luxurious accommodations, from private villas to boutique hotels.

8 – Paros

Paros is a popular destination for luxury travelers seeking a mix of relaxation and adventure. The island offers a range of high-end accommodations, from luxury villas to five-star hotels, as well as a range of activities, from sailing and windsurfing to exploring the island’s rich history and culture.

9 – Skiathos VIP destination

Skiathos is a small island but offers a big range of luxury experiences for travelers seeking a secluded and exclusive vacation. The island is known for its stunning beaches and crystal-clear waters, as well as its luxury accommodations and high-end restaurants.

10 – Hydra

Hydra is a unique destination that offers a wealth of luxury experiences for travelers seeking a more authentic and exclusive vacation. The island has a ban on cars, making it a peaceful and tranquil getaway for those seeking a break from the hustle and bustle of city life. Visitors can stay in luxurious villas, enjoy gourmet meals at high-end restaurants, and explore the island’s picturesque streets and traditional architecture.

In conclusion about Luxury destinations in Greece

In conclusion, Greece is a top destination for luxury travel, offering a range of experiences to suit all tastes and preferences. Whether you’re seeking relaxation, adventure, culture, or history, these top 10 luxury destinations in Greece for 2023 are sure to deliver an unforgettable vacation.

Read More: Investment in Real Estate market in Greece 2024

From the iconic Santorini to the exclusive Hydra, these destinations offer the ultimate in luxury and comfort, making them a must-visit for any luxury traveler.

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Read more : Investment in Real Estate market in Greece 2024

There are cities popular among investors in almost every region of the Greece, including numerous islands, but there are still a number of places where buying real estate will be the most profitable investment.

Why you need to buy real estate in Athens?

Many foreigners who consider Greece as their “new home” and who are going to open their business or get a job here, opt for Athens. In the Greek capital, there are a lot of offers designed for every taste: from budget options at a price in the range of 50-100 thousand to exclusive 3-4-storey villas (mainly in the suburbs) for 3-4 million euros.

The average price of a furnished apartment with a living room and two bedrooms, located not on the ground floor and not on the top floor, is approximately 170 thousand euros.

Property in Athens here

Real Estate in Athens is divided into seven large administrative districts, and those, in turn, into districts, the most popular of which are Plaka, Kolonaki, Kifisia, Alimos and Glyfada. In the central part of the city, buildings of old buildings in the classical style prevail, while new buildings are mainly located on the outskirts.

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Thanks to the developed transport network (metro, buses, trolleybuses and trams), getting from the sleeping areas to the center and back is not difficult. Athens stay one of Top 5 cities in Greece to buy real estate 2022.

One of Top 5 cities in Greece are Thessaloniki and Chalkidiki

The second largest, most popular and populous city in Greece is Thessaloniki, where the majority of foreigners move for permanent residence. Housing prices here are noticeably lower than in Athens, and decent two-bed apartments in Thessaloniki for sale both in the center and in the nearest suburbs within walking distance to the sea are sold at a price of 130-150 thousand euros. At the same time, the eastern part is considered more prestigious than the western, which is reflected in the price level.

As in Athens, villas and cottages with 2-3 floors are concentrated in the suburbs, of which Panorama has a reputation as the most fashionable. Here you can find luxury houses with large plots of land worth up to 2 million euros.

Property in Thessaloniki here

Thessaloniki is suitable not only for lovers of comfort, but also for families with children, since this metropolis has many educational centers, including the Aristotle University. This metropolis regularly hosts international fairs, festivals and cultural events, so there is always plenty of entertainment for young people. That`s make Thessaloniki one of Top 5 cities in Greece.

Real estate in Paliouri

From Thessaloniki, it is quite easy to get to the settlements of the Halkidiki peninsula, which is especially popular with tourists. The most famous resorts of Halkidiki are Paliouri, Vourvourou and Neos Marmaras, famous for their sandy beaches surrounded by pine forests.

Real Estate in Vourvourou

Real estate on the Halkidiki peninsula (primarily in the regions of Kassandra and Sithonia) is more expensive than in Thessaloniki, if we mean detached houses with garden plots, while cozy one-room apartments on the coast will cost 50-70 thousand euros. It is no coincidence that pensioners prefer to settle here, choosing such places as Nea Fokea, Nea Potidea, Afytos, although in some coastal villages – especially on Kassandra – nightlife is seething.

Real estate in Neos Marmaras

Real estate in Larisa 2022

120 km southwest of Thessaloniki is the city of Larisa, which is known as the “greenest” of the major municipalities in Greece. At the same time, there are quite a lot of large enterprises of the light and food industries in it, and 70 km from it there is an international airport.

Property in Larisa Here

Larissa prefecture having addition to good transport links with a number of European countries, foreigners are attracted here by the mild climate, landscapes and environmental conditions, as well as the low cost of living. Larissa, considered the center of mountain tourism, is perfect for lovers of most active sports.

Real estate in Larisa in 2022 is mainly represented by 3-4 room townhouses at an average price of 150-200 thousand euros, while the number of proposals for city apartments is very limited. However, if desired, in the city, including its central part, you can find apartments at a price of 450 euros per square meter in Larissa.

Crete is one of the Top 5 cities in Greece to buy real estate

Life on the island of Crete – the largest of all Greek islands – is significantly different from that which takes place in top 5 cities in Greece. First of all, this is due to the fact that the island’s economy is almost entirely dependent on tourism, and the holiday season lasts from April to October. An impressive english-speaking diaspora lives in Crete, and British citizens hold the lead among property buyers. You can buy housing in Crete for recreation, for investment purposes (including for renting to tourists), and for obtaining a residence permit in Greece.

Real Estate in Heraklion

In the last two cases, it makes sense to pay attention to resorts like Rethymnon and Chania, as well as to nearby settlements. Most of the houses for sale in Crete are over 100 sq.m. have their own plot, swimming pool and garage, and their cost starts from 260 thousand euros. The advantage of Rethymno is that from here you can reach the two international airports of the island in just an hour – in Chania and Heraklion, which is its administrative center.

Chania real estate

Of the other islands, Corfu, Mykonos, Rhodes and Santorini are the most suitable for buying property in Greece, which is a kind of “calling card” of the country. By purchasing housing on them, you can make good money on rent or just enjoy your time.

Sale real estate in Greece easy just sign up on our real estate platform in Greece.

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This rapid growth of 3.91% is the first time since the first quarter of 2007. In the third quarter of 2021, residential property prices in Greece increased by 2.73%.

Book`n Greece platform presents excellent residential real estate in Greece for sale.

Growth in residential real estate market in Greece greek property market outlook 2022

The rise in prices in the real estate in Greece is observed mainly in large cities and agglomerations.

Read More : All about Golden visa for foreigners in Greece 2023

1. Rising prices for residential real estate market in Athens

Real estate market in Athens have risen the most in the last year. The analysis of the National Bank of Greece shows us an annual increase in the price of residential real estate in Athens by 9.76%. In the same previous period, the increase in property prices in the Greek capital was 6.83%. The last quarter of 2021 showed a real estate market growth in Athens of 3% in real terms.

Our experts predict a rise in prices and an increase in the capitalization of real estate in Athens.
Athens is the capital and main economic center of Greece. The real estate market in this region of Greece will grow rapidly.

Read more : Top 5 cities in Greece to buy real estate 2022

This will be facilitated by the reduction or complete abandonment of anti-covid restrictions. A large influx of refugees and migrants is boosting the rental property market in Greece. This leads to an increase in the attractiveness of Greek real estate like a business active.

2. Rising prices in the real estate in Thessaloniki

The increase in prices in the real estate market in Thessaloniki in 2021 amounted to 8.74% (6.8% in real terms). The real estate market in Greece showed the price increase in Thessaloniki In the last quarter of 2021 for 3,45%.

Thessaloniki is the second largest city in Greece. The growth in prices for residential real estate in annual terms is less, but the distribution of this growth is not even throughout the entire annual period. Real estate prices in this region of Greece are subject to the same factors as in Athens.

In other Greek cities, real estate prices rose by 4.05% in absolute value.

The nature of the real estate market in Greece

The urbanization of Greece has led to a large skew in property prices in urban areas compared to rural areas and regions. According to the census, 35% of real estate in Greece in the regions is unoccupied and empty.

Rental real estate in Greece prices 2022

According to the Global Property Guide analytics, the annual Profitability in the central part and regions of Athens is 4.2% for apartments with an area of more than 100 sq. m. This is a fairly moderate figure. This value increases proportionally with a decrease in the area of ​​the apartment.

Profitability from rental property on Crete

Real estate on the island of Crete has approximately similar figures with Athens and have approximately 3%. A smaller apartment have a bigger annual profit and is more liquid.

In general, from 2010 to 2021, the price of rent in Greece fell by 24%.

Foreign investment in the real estate market in Greece

Foreign direct investment in real estate in Greece is between 25% and 35% of the total investment. According to Ernst & Young Investment Report 2021, Greece is one of the most attractive country for private direct investment in real estate.

“Golden Visa” program in Greece

The popularity of private equity investment in Greek real estate can also be linked to the “Golden Visa” program. This program provides for the issuance of a residence permit by the Greek government to foreigners who make private investments of more than 250,000 euros.

Over the entire period of the “Golden Visa” program, 28,411 residence permits have been issued in Greece.

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