EVERYTHING YOU NEED TO KNOW
With greece’s majestic landscape, inviting climate and its place in history as one of the oldest civilizations on earth, it is no surprise that many people are inquiring about purchasing property there.
EU CITIZENS
The good news for EU citizens curious about investing in this area? It follows the same procedure for Israeli buyers! Property tax known as “ENFIA” can be divided into ‘main’ or ‘supplementary’, depending which rights you have to your land – with rates ranging from 0.1% to 1%.
MUNICIPAL
TAXES AND FEES
Depend on the value and size of the property and are collected through electricity bills, ranging from 0.2%-0.8% of the property’s value. In terms of insurance, as the owner of a property in Greece, you have many options to insure yourself against potential losses such as theft, fire or storm.
OWNERSHIP OF
PROPERTIES
Is guaranteed through the state registrar called the Land Registry. In this way, all bills are saved and all liens on the property are registered. Assets are archived based on the names of their owners and the lawyers have the right to inspect the assets of any person or company.
“GOLDEN VISA”
“Golden Visa” is one of the major reasons why you should buy real estate in Greece. As well as low real estate prices, Greece offers investors the opportunity to receive a “Golden Visa” for an investment of 250,000 euros in Greek real estate. This is the lowest investment amount in relation to other European countries. In exchange for this investment, the investor and his/her immediate family will be able to stay in Greece and in most European countries for 5 years immediately thereafter. This includes the investor’s parents, spouse and children under the age of 21 as well as the spouse’s parents. The “Golden Visa” program in Greece is one of the most popular programs in the European Union in terms of obtaining residency. It is a residence visa for investment, issued to citizens who are not part of the European Union, but who are making a significant contribution to the Greek economy. In terms of timing, after purchasing properties in Greece for 250,000 euros, the document preparation process begins. The process takes between a month and six months from the moment the documents are submitted.
EVERYTHING YOU NEED TO KNOW
WITH GREECE’S MAJESTIC LANDSCAPE, INVITING CLIMATE AND ITS PLACE IN HISTORY AS ONE OF THE
OLDEST CIVILIZATIONS ON EARTH, IT IS NO SURPRISE THAT MANY PEOPLE ARE INQUIRING ABOUT
PURCHASING PROPERTY THERE.
EU CITIZENS
The good news for EU citizens curious about investing in this area? It follows the same procedure for Israeli buyers! Property tax known as “ENFIA” can be divided into ‘main’ or ‘supplementary’, depending which rights you have to your land – with rates ranging from 0.1% to 1%.
MUNICIPAL
TAXES AND FEES
Depend on the value and size of the property and are collected through electricity bills, ranging from 0.2%-0.8% of the property’s value. In terms of insurance, as the owner of a property in Greece, you have many options to insure yourself against potential losses such as theft, fire or storm.
OWNERSHIP OF
PROPERTIES
Is guaranteed through the state registrar called the Land Registry. In this way, all bills are saved and all liens on the property are registered. Assets are archived based on the names of their owners and the lawyers have the right to inspect the assets of any person or company.
“GOLDEN VISA”
“Golden Visa” is one of the major reasons why you should buy real estate in Greece. As well as low real estate prices, Greece offers investors the opportunity to receive a “Golden Visa” for an investment of 800,000 euros in Greek real estate. This is the lowest investment amount in relation to other European countries. In exchange for this investment, the investor and his/her immediate family will be able to stay in Greece and in most European countries for 5 years immediately thereafter. This includes the investor’s parents, spouse and children under the age of 21 as well as the spouse’s parents. The “Golden Visa” program in Greece is one of the most popular programs in the European Union in terms of obtaining residency. It is a residence visa for investment, issued to citizens who are not part of the European Union, but who are making a significant contribution to the Greek economy. In terms of timing, after purchasing properties in Greece for 800,000 euros, the document preparation process begins. The process takes between a month and six months from the moment the documents are submitted.