Greece offers an attractive option for investors interested in real estate, particularly in Athens, as the property prices are comparatively lower than other European capitals. In fact, Athens is three times cheaper than Lisbon, Madrid, and Berlin, five times cheaper than Vienna, and almost eight times cheaper than Paris, making it an affordable investment opportunity for potential investors.
Greece offers an attractive option for investors interested in real estate, particularly in Athens, as the property prices are comparatively lower than other European capitals. In fact, Athens is three times cheaper than Lisbon, Madrid, and Berlin, five times cheaper than Vienna, and almost eight times cheaper than Paris, making it an affordable investment opportunity for potential investors.
One of the benefits of the Greece Residence-by-Investment Program is that with a minimum investment of 250,000 euros in Greek real estate, an applicant can qualify for residence in Greece. However, it's important to note that from 31st of July 2023, the real estate requirement for certain municipalities in Greece, including the North, Central, and South parts of Athens, Thessaloniki, Mykonos, and Santorini, is set to increase to 500,000 euros. All other areas will still have a requirement of 250,000 euros.
This program provides an opportunity for investors to acquire property in Greece, which may offer potential for capital appreciation and rental income, while also enjoying the benefits of residence in Greece, such as visa-free travel within the Schengen Area and access to the country's lifestyle and culture.
