When we envision the Greek islands, we think of an idyllic holiday where the sun, sea, sand and a chance to experience the Mediterranean way of life, is enough to draw us back there year after year. What if, instead of spending only a few glorious days in its pristine islands, you could own your own Greek paradise overlooking the Aegean Sea, Mediterranean Sea or the Ionian Sea? Imagine waking up to the gentle lapping of the waves, the scent of olive groves drafting in with the fresh ocean breeze and stunning views from your quaint windows that display different hues of blue through the day!
With its rich history, stunning landscapes and vibrant culture, Greece is the ideal destination for Indians to own their dream holiday home, but there’s more on offer when it comes to investing in property in the country! There isn’t a better time than now to make your move and own a slice of real estate in Greece. Not only will you turn into a smart investor but also be a happier human being living the idyllic Mediterranean life with good returns both for your mental peace as well as for your coffers!
Here’s why:
High rental income potential
As a globe-trotting Indian, if you’re buying property in Greece, scout for single-family, multi-family homes and apartments in stunning locales in and around Crete, Santorini, Athens, Paros. If you’re not going to be residing in your Greek home for long durations of time, fear not, because you can earn a lucrative rental income from it. Rents in premium areas of Greece vary from 3% to 5% annually net income. As per global trends, rents from multi-family apartments are making a good recovery post the pandemic. With tourism to Greece further pushing up the demand for rental properties, buying property now will only bring you good returns.
To ensure you have the highest ROI from renting out your property, look for homes that have maximised the outdoor space, are technically upgraded and sustainable and offer all updated amenities.
Greek investment laws to change from September 1
You need to grab the chance to make your property investment in Greece before August 31, 2024. Starting September 1 this year, the Greek government is set to amend its investment rules that will double the minimum investment required for global citizens to own real estate in the country. The entry price of the Permanent Residency in Europe set to rise to €800,000 from the currently affordable rate of €250,000 (INR2. 5 cr.). The much vied-for Greece Golden Visa or Permanent Residency provides global high-net worth individuals (with family) and investors a permanent Mediterranean home in Europe, visa-free travel across Europe, free health and education as well as the freedom to set up a business in the county! Don’t wait for your dream home to cost you double the amount.
At the forefront of sustainable innovations
Keeping up with the global trends in sustainability, prominent real estate investors in Greece like Leptos Estates, are leading the green revolution when it comes to building homes, apartment complexes and commercial properties. In Greece, you can choose homes that come with energy-efficient windows and lightbulbs, are solar powered, have an efficient recycling system in place and use natural and local building materials.
PropTech and all its frills
Over the past few years, AI-powered technologies have quickly replaced outdated processes in architecture, design and construction. When you invest in a home in Greece, you can be assured that you will be bang in the centre of the proptech revolution and the owner of a very smart, functional and efficient home! You needn’t worry about a thing as you can remotely control everything from lighting, temperature and security systems from your smartphone, even if you are miles away in India.
In Greece, Luxury and Sustainability co-exist beautifully
This winning combination will make you feel on top of the world as a home owner in Greece. The concepts of luxury and sustainability are no longer mutually exclusive. Greek real estate developers are blending these two essential requirements of modern living with finesse to offer high-end properties, sleek designs and modern amenities, all while abiding by the principles of eco-friendliness. Imagine a luxurious Greek villa with a private pool, breathtaking view, and state-of-the-art technology—all run by renewable sources of energy! It is the perfect combination for investors who are conscious and demanding about their comfort and environment.
Investing in a Greek property is much more than just owning bricks and mortar; it’s an investment into your well-being and your future with the most lucrative ROIs for both!
