Properties will appreciate in value over the next few years based on agreement signed with international creditors concerning the future of the country’s debts.
Why Invest In Properties in Greece?
At the heart of this story is the fact that a new debt relief deal has been asked of Greece’s creditors by the country, based on talks that could pave the way for the release of vital rescue funds for the economically-stricken Mediterranean nation. Last month, international creditors representing Greece met in Brussels to contemplate an arrangement which would assist the country’s burden of debt, a day after Greek finance minister Euclid Tsakalotos said there was “no excuse” to delay payments.
What’s more, it’s stronger growth in Greece that countries such as Germany believe will eradicate the need for debt relief, claiming this growth will be enough to reduce its debt to at least sustainable levels. The Greek parliament also adopted a new set of austerity measures, including pension cuts and tax rises, which Prime Minister Alexi Tsipras felt warranted a response from the “Eurogroup” of finance ministers that “corresponded to the sacrifices of the Greek people.”
How does it work?
The Greece Golden Visa is granted by the Immigration and Social Integration Code which grants residence permits to third-country nationals and their family members who proceed to purchase property in Greece valued at a minimum of 250,000 euro…put simply, an investment in a Greek property (such as those in KaliSun Villas) worth 250,000 euro provides you permanent residency in Greece – permanently Visa is valid for five years and is renewable provided you are still the owner of the property; KaliSun advocates will undertake all necessary applications for an agreed-upon fee.
The bottom line here is that there is a clear stabilization in the Greek real estate market, and it is expected for residential investment to gradually recover from early 2015. This recovery is supported by a booming tourism season and substantial increase of housing investment capital inflow, so there’s never been a better time to invest properties in Greece.