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)
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)
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
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
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
Health
Well developed private and public healthcare systems
Education
High standard education system offering good foreign private schools and top performing universities
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