Greek Golden Visa: Real Estate-Government Bonds-Term Deposits
Greece has long been a desirable destination for investors looking to capitalize on its thriving real estate market, strategic location, and investor-friendly policies. With the introduction of the Golden Visa program, the country has further cemented its status as an attractive hub for global investors.
Let’s discover some key investment opportunities in Greece with a focus on real estate, government bonds, term deposits, and the benefits of the Golden Visa program.
The Greek Golden Visa Program: A Gateway to Europe
The Greek Golden Visa program is one of the most competitive residency-by-investment schemes in Europe. It grants a five-year renewable residence permit to non-EU investors who make a qualifying real estate investment in Greece. Some of the key benefits include:
- Low Investment Threshold: Investors can obtain residency by purchasing real estate valued at a minimum of €250,000 (increased to €800,000 in select prime locations as of 2024).
- Visa-Free Travel: Holders of the Golden Visa can travel freely within the Schengen Zone.
- No Residency Requirement: Investors are not required to reside in Greece to maintain their residency status.
- Pathway to Citizenship: After seven years of residency, investors may apply for Greek citizenship, subject to certain conditions.
- High Rental Yields: Greece’s booming tourism industry offers lucrative short-term rental opportunities for real estate investors.
Real Estate Investment Opportunities in Greece
The Greek real estate market has seen steady growth in recent years, driven by increased foreign investment and economic stability. Here are some of the top regions and property types that present strong investment potential:
- Athens – The Capital of Opportunity
Athens is the heart of Greece’s real estate boom, offering a mix of luxury apartments, historic properties, and high-yield rental opportunities. Popular districts such as Kolonaki, Glyfada, and Koukaki attract both local and international investors due to their high demand and appreciation potential. The property prices are relatively affordable compared to other major European cities.
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Mykonos: The Cosmopolitan Choice for Real Estate Investments
Mykonos is internationally renowned for its cosmopolitan atmosphere and high-end infrastructure, making it one of the most popular destinations for tourists and investors alike. The real estate market in Mykonos remains strong, with high demand for luxury villas, hotels, and residences. By investing in Mykonos, a foreign investor not only acquires property in one of the most expensive Mediterranean destinations but also gains the opportunity to generate high returns through rentals, thanks to the island’s bustling tourism industry.
- Patra– A Rising Star
Patras, the third-largest city in Greece, has been gaining ground as an investment destination in recent years. The city is an important commercial and industrial hub, with many Greek and international companies based there, offering opportunities for investments in both businesses and real estate. Patras also boasts one of the largest ports in the country, which connects Greece to Italy and other Mediterranean countries, making the city a strategic center for trade and transportation.
Notably, Patras is home to the University of Patras, one of Greece’s most recognized educational institutions, attracting thousands of students each year. The presence of so many young people creates a dynamic real estate market, with demand for student housing and rental apartments, while also boosting the city’s vibrancy and economic growth.
With its developing infrastructure and recognized tourism and business potential, Patras is an excellent choice for investors looking for a less saturated property market in Greece, offering great prospects for growth and returns.
Government Bonds & Term Deposits: Secure Investment Options
For investors seeking lower-risk opportunities, Greek government bonds and term deposits provide stable returns while ensuring capital protection.
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Government Bonds
Greek government bonds are a solid investment for those looking for predictable income streams. With Greece’s improving credit rating and economic growth, bonds offer a competitive yield compared to other European markets. Purchase of Greek treasury bonds with a purchase price of at least €500,000 and a
remaining duration at the time of purchase of at least three years through a credit institution established in Greece, allows the investor to obtain Greek Residency.
Greek banks offer attractive term deposit options with competitive interest rates. These fixed-income instruments provide a secure way to grow capital while maintaining liquidity. Term deposits in Greece can be customized to various durations, allowing investors flexibility in managing their portfolios. Term deposit of at least €500.000 in a local credit institution for a period of at least one year with a standing order for renewal, allows the investor to get a Greek Residence Permit for lifetime as long as he maintains the investment.
Why Invest in Greece Now?
- Economic Recovery & Growth: Greece has experienced strong economic growth and increasing foreign direct investment, making it a stable market for investors.
- Competitive Property Prices: Compared to other European countries, Greece offers relatively affordable real estate options with strong appreciation potential.
- Tourism Boom: With millions of tourists visiting Greece every year, short-term rentals remain a profitable option for real estate investors.
- Government Incentives: Investor-friendly policies, tax benefits, and business incentives further enhance Greece’s attractiveness for foreign investment.
Greece presents a wealth of investment opportunities, from its flourishing real estate market to the highly sought-after Golden Visa program, government bonds, and term deposits. With the potential for strong returns, visa-free travel in Europe, and a pathway to citizenship, now is the perfect time to explore investment options in Greece.
If you’re considering investing in Greek real estate, government bonds, or term deposits, D&A Invest can guide you through the process and help you make informed investment decisions.
Get in touch with us today to start your journey toward a profitable and secure investment in Greece!
