Unlocking Greece's Real Estate Potential with MIBS Group
Discover the benefits of investing in Greek real estate with MIBS Group, a leading residential developer with over four decades of expertise
GreeceReal EstateMibs GroupGolden VisaInvestmentReal Estate MumbaiJul 24, 2024
Greece is a politically stable European country with a robust economy and a desirable Mediterranean lifestyle, making it a prime investment destination. The Greek government has implemented reforms to boost innovation and entrepreneurship, digitize government services, and support growth in renewable energy. The Greek Residence Permit Program stands out for its low minimum investment threshold, starting at €250,000, one of the lowest in Europe.
The Greek Golden Visa Program has gained popularity due to its benefits like visa-free travel within Europe, access to the Schengen Area (29 countries), and free public healthcare and education. Investors can choose any property, apply remotely, and even rent out the property. A key benefit is the ability to apply for citizenship after 7 years.
The Greek parliament has recently introduced new investment thresholds depending on the geographical location. In prime areas such as Attica, Thessaloniki, Mykonos, Santorini, and islands with populations exceeding 3,100 inhabitants, the minimum investment now stands at €800,000. In other regions, the minimum eligible real estate investment has increased to €400,000 from €250,000.
Despite the revised thresholds, there are significant exceptions allowing a lower real estate investment, regardless of the property's location or size. MIBS Group, staying ahead of industry trends, has already invested in commercial properties being converted to residential and has further enhanced its portfolio with a stock of residential properties eligible for lower investment and Golden Visa qualification.
Prospective investors should conduct thorough due diligence and stay informed about regulatory changes and local market conditions and trends. Location of the property is paramount in such investment decisions to secure optimal returns. It's crucial to collaborate with a reliable developer with a solid understanding of the Golden Visa program and extensive experience covering all aspects of the process from identifying the ideal property to managing the legal procedures.
At MIBS Group, we offer comprehensive services and boast a strong track record, ensuring a smooth investment process. As supportive evidence, we have assisted thousands of clients in qualifying for the Golden Visa program. The widespread base of our clientele, hailing from all corners of the globe, and the impressive 50% of repeated clients and referrals is living proof of the trust they place in the company.
In a brief interview, Elena Shiapani, CEO MIBS Group, highlighted that MIBS Group's properties are strategically situated in prime locations of Athens, capital of Greece, ensuring the quality of life our clients seek, as well as the best prospect for growth and high returns. The Greek real estate market in 2024 presents a dynamic and promising landscape for investors, developers, and homebuyers. With strong demand, strategic investments, and favorable government policies, Greece is well-positioned to continue its ascent as a prime real estate market in Europe, especially in the residential sector.
Frequently Asked Questions
What is the minimum investment required for the Greek Golden Visa program?
The minimum investment required for the Greek Golden Visa program is €250,000, one of the lowest in Europe.
What are the benefits of the Greek Golden Visa program?
The benefits of the Greek Golden Visa program include visa-free travel within Europe, access to the Schengen Area (29 countries), and free public healthcare and education.
Can I apply for citizenship after obtaining the Greek Golden Visa?
Yes, you can apply for citizenship after 7 years of holding the Greek Golden Visa.
What kind of returns can I expect from investing in Greek real estate?
You can expect significant annual price increases along with capital appreciation, providing solid long-term returns. Additionally, the booming demand for rental properties offers high rental yields.
Why should I choose MIBS Group for my Greek real estate investment?
MIBS Group offers comprehensive services, a strong track record, and extensive experience covering all aspects of the process from identifying the ideal property to managing the legal procedures, ensuring a smooth investment process.
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