Greece’s Golden Visa program has been a game-changer for real estate investors, offering a path to residency and citizenship through property investment. The program provides an excellent opportunity for investors seeking to expand their real estate portfolio while gaining access to the benefits of living and citizenship in Greece. This article will explore how real estate investors can benefit from the Greece Golden Visa program.
Residency and citizenship:
Greece Golden Visa program offers investors the opportunity to obtain residency in Greece by purchasing real estate. This residency status can be upgraded to permanent residency after five years of uninterrupted residence, and investors can apply for Greek citizenship after seven years of living. This allows investors to obtain EU citizenship, providing access to the benefits and privileges of EU citizens, including visa-free travel to the Schengen Area.
Rental income and capital appreciation:
Investing in real estate in Greece offers a unique opportunity for investors to generate rental income and capitalize on the country’s rapidly growing property market. With tourism on the rise and Greece’s economic recovery underway, the demand for quality rental properties in popular destinations such as Athens, Crete, and Santorini has increased significantly. This presents a unique opportunity for investors to generate rental income and capitalize on the potential for long-term capital appreciation.
Favorable tax regime:
Greece offers a favorable tax regime for real estate investors, with a flat tax rate of 15% on rental income and a capital gains tax rate of 15% for real estate transactions. Additionally, Greece’s double taxation treaties with other countries provide investors with further tax benefits.
Diversification of portfolio:
Investing in real estate in Greece offers investors the opportunity to diversify their portfolios and reduce the risk associated with investing in a single asset class or geographic region. With various properties available at different price points, investors can choose the best option that fits their goals and objectives.
Real estate investors looking to expand their portfolio and gain access to the benefits of EU residency and citizenship should consider the Greece Golden Visa program. The program offers investors the opportunity to obtain residency and citizenship through property investment, generate rental income, capitalize on the country’s growing property market, and enjoy favorable tax treatment. Additionally, the program offers the benefits of EU citizenship to the investor and their immediate family members, providing a unique opportunity to diversify their portfolio and gain access to the benefits of EU citizenship.