The dream of living in a legendary land with ancient history, bright sun, blue sea and warm-hearted people is not far from reach. Greece, the cradle of Western civilization and a gateway to Europe, has provided a unique opportunity for investors and their families to purchase property in this beautiful country, receive permanent residence and numerous benefits by offering the Golden Visa program. Buying a property can help applicants to obtain Greek residence so that they can obtain a Schengen visa and a Greek golden visa. In this way, they can easily travel to 26 member countries of the Schengen Agreement. But buying property in Greece has special conditions. Also, the costs that must be paid are also an important factor in the success of people in obtaining Greek residence. In this article, we will comprehensively examine the conditions for obtaining Greek residence through the purchase of property.
Greece | A land with a brilliant history
Greece can be considered one of the oldest and most original countries in the world. A country in the Balkan region where the dominant religion of its people is Christian. The population of Greece is about 10 million people. As the political capital of Greece, Athens is an old and historical city that is very popular among tourists. Greece has a Mediterranean climate and because of its similarity to Iran, it has become a popular destination for Iranians. In recent years, the Greek government, considering a series of positive policies, has been able to gain a lot of capital through accepting immigrants. It is worth noting that obtaining Greek residence is possible in different ways. Among these ways, we can mention the purchase of property, business development, investment in financial institutions, etc.
But our main goal in this article is to examine obtaining Greek residence through the purchase of property. Stay with us to provide you with more complete explanations.
Buying property in Greece and Greek residence
We said that the Greek government has a special program for immigrants so that they can use them to bring a lot of capital to Greece and obtain Greek residence. One of the main reasons why people apply for Greek residency is the presence of the name of Greece among the names of the Schengen member states. The Greek Golden Visa program allows foreign investors to obtain permanent residence in this country for themselves and their family members by purchasing a property worth at least 250,000 euros. This residence allows you to live, work and study freely in Greece and other Schengen countries. Buying a property in Greece is not only a way to obtain residency, but also a profitable investment.
What is noteworthy is that due to the economic growth of Greece and the increase in demand for housing, the value of real estate in this country is expected to increase in the coming years. For this reason, the sooner people start buying property in Greece, the more profit they can make from their capital. Consultants of Nobility Institute, with experience in Greek residency counseling, are ready to provide you with the necessary tips and explanations.
Property prices in Greece
The price of property in Greece depends on various factors such as the type of property, location, area and amenities. In general, property prices in Greece are lower than in other European countries. In fact, Greece can be included in the list of cheap European countries. For example, you can pay 250,000 euros to buy a stylish and newly built apartment unit in the center of Athens. But let’s take a closer look at house prices in Greece.
One of the main areas where people buy houses is Athens. The price of a house in the center of Athens varies between 2000 and 4000 euros per square meter. But if you plan to buy a house in the suburbs of Athens, these numbers are halved.
Another city in Greece where it is economical to buy a property and you can buy a property in it is the city of Thessaloniki. In the center of this city, the price of a house varies between 1500 and 3000 euros per square meter. But in the suburbs of this city, you only need to spend between 800 and 1500 euros to buy a house.
It is interesting to know that Greece has beautiful and attractive beaches and islands. For this reason, many people buy houses in such areas. The price of a house in these areas varies between 1,500 and 5,000 euros per square meter. But note that you can get a suitable house by paying 3000 euros per meter.
Note that you need the advice of an expert in the field of property purchase. To get advice, you can contact the consultants of Nobility Institute.
Steps to buy property in Greece
Now you may have been asked about the process of buying property in Greece. This process consists of 5 steps that we will examine in this section.
1- Research and search
The first and most important step in buying a property in Greece is research and searching to choose the best one. You need to choose a property that matches your taste and budget. In the meantime, you can also benefit from the advice of Nobility Institute.
2- Opening an account and receiving a tax registration number
In order to buy property in Greece, you need to open a bank account in this country. At the same time, you need a tax registration number. It is worth noting that receiving them is dependent on each other and you must act simultaneously.
3- Paying the cost of the house
After completing the previous steps, it is time to pay for the house. At this point, since you have managed to open an account in Greek banks, you don’t have a hard time. You also have the option to pay part of the amount before signing the contract and the rest after.
4- Signing the contract
The property purchase agreement is an official document that proves that you have purchased this property in Greece for a certain price. Note that for this contract to be valid, both you and the seller must have signed it.
5- Document registration
Finally, after going through all the steps, you have to register the property purchase document at the Greek Deeds Registry Office. In all these steps, you can benefit from the experience of Nobility Institute consultants.
Why should we buy property in Greece for Greek residence?
Buying property in Greece has many advantages. Before buying a property in Greece, you should do the necessary research and consider the pros and cons. In this section, we are going to review some of the advantages of buying property in Greece. Stay with us.
- Obtain permanent residence in Greece and Europe
- Profitable investment with high growth potential
- Access to benefits such as political stability, strong economy, advanced education and healthcare system
- An opportunity to live in a beautiful country with a Mediterranean climate
- Easy access to other European countries by obtaining a Schengen visa
Golden visa and Greek residence by buying a property
Let’s first define what is Golden Visa? In fact, Golden Visa is a type of investment visa that some countries offer to immigrants. This visa was given to people when they invested or bought property in the destination country. In this way, they can have the chance to stay permanently or temporarily in that country. Greece is one of the European countries that offers this type of visa to applicants. In order to obtain a Greek Golden Visa through the purchase of a property, there are steps to be taken. These steps include the following.
Selection and purchase of property worth at least 250 thousand euros
Opening a bank account in Greece
Submit the required documents to the Greek Embassy
Obtaining a long-term visa
After five years, you can apply for a permanent residence in Greece and then a passport of this country. Note that in all these steps you need to be accompanied by an expert and experienced person. For this purpose, you can count on the help and experience of Nobility Institute consultants.
Buying property in Greece is a unique opportunity for investors and their families to obtain permanent residence and numerous benefits with a profitable investment. If you are looking to live in a beautiful, safe and stable country, Greece can be an ideal choice for you. Thank you for joining us in this article. Using the expertise and experience of its consultants, Nobility Immigration Institute is ready to provide necessary advice to applicants for immigration to Greece. The main expertise of our group is in the field of obtaining Greek investment visa through the purchase of property. You can contact us for more information.