Calculating Property Tax in Greece?

From 2013 onwards, every owner of real estate in Greece is subject to an annual tax for his property. This tax is called “Uniform Real Estate Property Tax”, or “ENFIA”. The principal tax is calculated based on the location, area, age, floor, number of façades of the building and its use (residential or commercial). ENFIA […]

What’s the process for issuing a Golden Visa in Greece?

The issuance of a residency permit in Greece, through the relative program, can be granted through the acquisition of one or more properties. The minimum amount of investment is set at 250,000 euros, without any other limitation to the permitted amount of investment.  According to Enterprise Greece, who is the national organization, under the jurisdiction […]

How to Buy Property in Greece

The procedure to buy a property in Greece can be both time and money consuming, if you’re not aware of the necessary documentation, your rights and your obligations. For that reason, it’s strongly recommended that any potential buyer/investor hires a specialized real estate professional, who will guide you through the whole process, especially if he’s […]

Buying a Retirement Home in Greece

The Benefits of Retiring to Greece! During 2020, the Greek government voted a series of tax benefits, designed to attract foreign investment in the country and boost the real estate market. These benefits are of particular interest to digital “nomads”, or any other citizen interested to relocate and work in Greece, even though his employer […]

Buying a House or Property in Greece

Buying property in Greece is a life-long dream for the majority of locals. As a result, the country has one of the biggest percentage of owner-occupied properties in the EU (72.3% based on the latest Eurostat data). However, over the course of the past few years, buying interest has intensified by people from other countries […]

High Yield investments in Greece

Which investments in property return the highest yields? According to the latest available data from research firm Numbeo (First Half of 2020), renting an apartment in the center of Athens offers a gross annual yield of 4.35%, when the Greek 10-year bond is now trading at levels well below 1% (0.63% as of December of […]

A House Hunting Guide to Athens Neighbourhoods

A quick Guide to Popular Athens Neighbourhoods Athens’ city center and the southern and northern suburbs of the capital are the areas with the highest demand among property investors, or those looking for a house for own use. However, one shouldn’t forget digital “nomads”, i.e. people who are expected to arrive from abroad (Greeks or […]

Buying Property In Greece as an Investment

The increasing allure of the Greek real estate market among foreign investors is due to a number of factors. First of all, the Greek economy has now exited from the deep financial crisis of the previous years, while it also completed a series of reforms, aiming towards modernization. As a result, up until the pandemic […]

Buying a Summer House in Greece

Demand for summer houses in Greece, especially for luxury villas in popular destinations has skyrocketed during the last few years, as a result of the rise in tourists’ numbers in the country. Prices for summer houses in high-demand islands, like Mykonos, Santorini, Corfu and Crete have began their steady ascend, already since 2017. Most buyers […]

Golden Visas in Greece: Golden Steps to a Golden Life

A Golden Visa is the fastest way in attaining Greek Residency for yourself, your spouse/partner and your family. Golden Visa allow investors to travel freely throughout Schengen Europe as well as to work in any part of Greece, while the visa holder is not necessarily required to reside in Greece in order to retain and […]