News

The Greek Golden Visa is Safe and Tax-Efficient.

Residency by investment (RBI) is a two-way venture. There is the immigration aspect, which is the case of Greece's golden visa is the residence permit, and there is the investment factor which can be quite complex and highly profitable - if done right.

Greece 2020 Golden Visa upward by 133%.

Once again, the Greek Ministry if Migration and Asylum has retroactively changed their data for each year going all the way back to 2014, complicating the job of those attempting to actively track investment migration.

Rental yields are moderate to good in Athens.

The Gross rental yield is the rent the landlord will earn - before taxation, vacancy costs, and other costs - compared to the property´s purchase price.

In central Athens, specifically Athens Historical Center and Kolonaki - Lykavittos, gross rental yields range from 3.9% to 5.8%.

Greece property second most affordable.

A new global survey has revealed that Greek property is the second most affordable in the European Union and eighth most affordable in the world.

The study by price comparison site, Compare the Market, found that overseas buyers looking to get more for their money should head to Greece.

The study analysed average property price per square metre, average household disposable income and property price per m2 to income percentage of 38 countries.

Greece property taxes cut by 13%.

The Prime Minister of Greece has recently announced changes to the Greek property tax, ENFIA, which could see as many as 80% of Greek property owners paying less tax.

Explaining how the tax cut will work, Greece PM Kyriakos Mitsotakis said: “Under the new rules, eight out of ten property owners will pay an even lower rate, a fair share will pay the same contribution, while a small minority, around 6%, will see a reasonable increase.”

Greek housing market strengthening significantly.

Greek house prices continue to rise strongly, despite the economic repercussions brought by the COVID-19 pandemic. In Greece’s urban areas, house prices rose by 8.35% during the year to Q3 2021, sharply up from the previous year’s 3.91% growth and the second best performance since Q1 2007, according to the Bank of Greece.