For anyone looking to take up residency within Europe, you’ll find there are several ways to do this, in a variety of different European countries. The Greek Residency Programme could be of particular interest to investors for several reasons…
The cheapest option
Foreign investment in Greece has been lower than in other EU countries over recent years. This is due to the previous problems with the Greek economy, and so for a while, investors were seeing other destinations as a safer option. To help combat this, the Greek government put together a very attractive investment programme for Greek residency, one which is still available for you to take advantage of today. What’s great about this, is that you can attain Greek residency at this lower rate, even though the Greek economy is now greatly improved. Now might be the perfect time to make the most of this ‘sweet spot’. At the moment, an application for Greek residency involves an investment of just €250,000 making this the cheapest residency programme in all of Europe.
Low property prices
Greek real estate represents incredibly good value for money. So whether you’re looking at an investment property, or a home for you and your family, you’ll get a lot more for your money than in other European countries. For example, on average, Greek property is half the price of properties in Spain.
With the Greek ‘Golden Visa’ programme, you have plenty of options regarding where you invest your money. You don’t have to put all your money into one property, you can purchase a portfolio of properties, or make your investment into a larger development of a higher value. As long as you are investing the minimum amount of €250,000, you can make your choice from a wide range of options.
A good future profit potential
Property prices in Greece are more than half what they were a decade ago. With the economy now far more stable, it’s clear that a rise in property value is likely, and if prices were to meet or exceed their previous value, any investor is set to make a very good profit. Of course you may not wish to wait for years to recoup your investment money, and so many people opting for the Greek Residency Golden Visa Programme choose to let out their properties to bring them an instant income. Unlike some other programmes, such as that of Malta, renting out properties that you have acquired as part of the residency scheme is totally legal. As a popular tourist destination, this can be a great way to make your investment property work well for you financially.
Start the move to Greek Residency
As you can see, now is the perfect time to begin the process of applying for the Greek Residency Programme. It’s important to choose a professional, experienced company to guide you through the process to ensure that it is a simple, stress-free and expedient process.