Greece

Southern Europe

Residency Visas

  • Greece
  • Greece
  • Greece
  • Greece
  • Greece
  • Greece

Investment Case

  • Type Residency by Investment
  • Tenure : N/A
  • Timeline : 40 Days
  • Guide Price : €250,000
  • Rental Guarantees : N/A
  • Yield : N/A

Overview

The Government of Greece introduced a procedure to obtain residency permits - which can be renewed every five years - for owners of real estate by third country citizens, the value of which exceeds €250,000. The Greek government has thereby adopted a friendlier stance towards those who wish to own real estate property in Greece. This permit can be renewed at five-year intervals and is valid for as long as the foreigner has the ownership of the property. In Greece the ownership right is valid for a lifetime. Due to the economic crisis, the Real Estate market in Greece is considered one of the cheapest in all Europe. Investors are entitled to purchase their property anywhere in Greece - on the mainland or islands - and an amount of €250,000 is sufficient to acquire this new residence. Such priced properties range in size from approximately 80sqm to 110sqm, with 2 or 3 bedrooms, and even bigger for pre-owned residences. As it only takes approximately 40 days from the time of purchase, to the time the Residency Permit is issued, the Greece Residency by Investment Programme is accessible and time efficient.

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