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Algean Property’s research team publishes regular market reports. We cover the following topics/areas: recent and future economic trends, new and revised legislation on real estate, the residential property market and the hospitality industry. Our aim is to be informative and educational. We use a multitude of sources from within and outside Greece. Our main sources include: the Bank of Greece, the Greek Ministry of Finance, the Greek Ministry of Environment Energy and Climate Change, the ELSTAT, the European Commission, the IMF, the OECD, the World Bank and reports from the research teams of several international banks.

Special Topic Reports/Research

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Special Topic Reports - Greece

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Economy - Real Estate Reports

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Participation in Conferences

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Regional Reports

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Special Topic Reports

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Algean Property in Press

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Greece Property Buying Guide

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REASONS TO BUY PROPERTY IN GREECE

DESTINATION

  • Access: A central location at the crossroads of three continents allows easy and direct access from most parts of the world (London & Moscow in circa 3.5 hours, and Dubai in circa 5 hours)
  • Temperate Climate: More than 300 days of sunshine a year - the winters are short and mild while the summers are hot and dry with cooling breezes
  • Infinite coastline: The longest Mediterranean coastline - lengthier than the coastlines of Italy, Spain and Cyprus combined
  • Geographical Diversity: Over 250 mountains (Mount Olympus 2,917 m), 2,000 islands, 60 lakes and 25 rivers while 25% of the territory is covered with forests (the 4th most in the EU)

INVESTMENT

  • Competitive prices compared to other Mediterranean destinations
  • A residence permit is granted for investments in excess of €250,000 to non-EU residents and their families
  • Overall low transaction costs
  • Relatively low cost of living (about 20% lower than the UK)
  • High rental yields for high quality holiday homes in good locations

LIFESTYLE

  • Quality: Mediterranean, outdoorsy, culture, healthy and social
  • Convenient: English is widely spoken, foreign newspapers and satellite television are widely available while satellite broadband internet covers 100% of the Greek inhabited territory
  • Health: Well developed private and public healthcare systems
  • Education: High standard education system offering good foreign private schools and top performing universities
  • Safe: One of the lowest crime rates in Europe with fewer than 60 recorded robberies per 100,000 people according to United Nations Office on Drugs and Crime

WHY INVEST IN GREECE

  • New unexplored market only very recently exposed to foreign investors
  • Established and registered land records and property deeds
  • Freehold land
  • Competitive prices compared to other Mediterranean destinations
  • A residence permit is granted for investments in excess of €250,000 to non-EU residents and their families
  • Overall low transaction costs
  • International tourist arrivals in 2014 grew by 23% to 22 million. Projected visits for 2021 are revised upwards at 27 million visitors

STEPS FOR BUYING PROPERTY IN GREECE

  • Appointing a Real Estate advisory firm
  • Legal & Technical Due Diligence
  • Preliminary Contract
  • Deposit of Transfer Tax
  • Final Contract & Registration of property transfer