To purchase the house in Greece and to receive the residence permit
In 2013 the government of Greece made the decision on start of the new visa program. Investment more than 250,000 euros into the local real estate guarantees to citizens of the third countries which are not a part of the EU, the right of execution of the residence permit for a period of 5 years. This program received the name "Gold Visa".
During the period from 2013 to 2017 Golden Visa showed excellent results and took the third place among similar offers, having passed Portugal and Spain forward. In 5 years Greece attracted thus more than 1.5 billion euros, supporting key economic spheres of development of the country with their help.
Interesting observation: from Golden Visa launch to October, 2017 2079 statements were approved. Having divided the got profit on the specified number of the issued visas, we receive a little more than 720,000 euros for each investor. It means that applicants purchase or several real estate objects or choose elite options. The first scenario speaks about desire to earn in the future at sale of housing. The situation in the market developed favorably for this strategy and can be still competently used.
Who can count on obtaining the residence permit in Greece through investments?
In official documents 4 groups of applicants are described. If the investor approaches under the specified criteria, then all members of his family, including spouses, children till 21 year and parents, can also receive the residence permit.
Categories of citizens who can count on receiving Golden Visa:
1. Own the real estate or have at the order the Agreement of intent of purchase of the real estate signed with the realtor or the lawyer (as natural person) in the territory of Greece which cost according to the Notarial Act, exceeds 250,000 euros;
2. Own the real estate or have at the order the Agreement of intent of purchase of the real estate signed with the realtor or the lawyer (as the individual owner of the legal entity) in the territory of Greece which cost according to the Notarial Act, exceeds 250,000 euros;
3. Own a rent commercial real estate of tourist appointment (as the individual owner of the legal entity) in the territory of Greece and the Lease agreement is signed not less than for 15 years;
4. Have no in the past of criminal records and are not in the Catalogue of Undesirable persons of Greece.
The fastest method to issue Golden Visa - direct submission of documents in Department for foreigners in Greece. In that case process will take only 1 month.
Other method assumes primary receipt of a visa of D in any diplomatic mission of Greece. It will take about 2 weeks, and the subsequent execution of the residence permit - 1 month.
Residence permit benefits in Greece.
1. The main condition for applicants on "The gold visa" - real estate acquisition worth more than 250,000 euros, but an important factor serves a possibility of purchase of several objects which amount generally will be the specified cost.
2. The purchased real estate in Greece can be leased.
3. For the subsequent prolongation of the residence permit you do not need to live in the territory of the country any certain time.
"The gold visa" has a number of restrictions:
- It is impossible to work and do business in the territory of Greece;
- Does not mean further obtaining nationality;
- Does not allow to change category residence permit;
- This visa shall be updated each 5 years.
The general rules of real estate acquisition in Greece.
The Russian investors can buy local objects without restrictions. The exception is made by all-usable rules for foreigners. In particular, strict rules on purchase of the real estate in border territories. Now carry to them Rhodes Island and Braids. Till 2011 Thessaloniki and Chalkidiki also treated them.
The procedure of purchase of objects in the specified regions demands obtaining the formal permission from the authorities.
In other cases of the buyer waits for the classical scenario of search of the real estate in Greece. At the beginning there is a search, selection and the final choice of an object. On our website relevant objects from owners and the Greek partners are provided. The convenient system of navigation will allow to filter housing at the cost and arrangement. The photo gallery and written descriptions help to gain the first and rather detailed impression about an object. Consultation with the manager will help to fill information gaps, and if desired, it will be possible to go to the place and to see the pleasant real estate on the place.
Further document creation will follow and in this process participation of two specialists is obligatory: lawyer and notary. Under the law, the transaction without participation of the notary is considered invalid, and here participation of the lawyer on the one hand, legislatively optional, but in terms of competent and safe approach, it is extremely desirable.
As well as in any other country, the transaction means reservation of an object and making a deposit of 5,000 - 10,000 euros, other amount is transferred to the seller at the time of agreement signature of purchase and sale or within 7 days later. In case of failure of sale because of the buyer the deposit remains at the seller. The rule is also relevant for the majority of the countries.
After making a deposit the lawyer begins check of the real estate on availability of encumbrances and debts. If questions did not arise, the transaction passes to the final stage - agreement signature in Greek. As a rule, at this moment there are a lawyer, the notary and the translator. The notarized agreement is the main document confirming the property right.
At the following stage the lawyer begins state registration of an object, makes out transition of the property right and registers the agreement in the Mortgage register. At this time the buyer shall translate a remaining balance of the amount and pay necessary taxes.
All process takes on average 1-2 months and if you have no opportunity to find such long time, there is an opportunity to issue the power of attorney on the representative or at once on the lawyer who will be engaged in the transaction. On all questions you will be consulted by our experts.
Houses in Greece: relevant objects.
On the website AWAY REALTY all real estate is distributed on types and if you are interested at home, then we recommend to see the following categories: mansions, country houses, cottages, townhouses and houses in Greece. Adjust suitable price range and see the appeared lots.
We will give several relevant options available to sale below.
- An elegant cottage in Crete (Greece), worth 1400 000 euros.
Magnificent construction overlooking the ocean occupies 2 floors, construction of 2004 with a total area of 280 sq.m. of Year. On the first floor 1 bedroom, 2 living rooms and 2 shower is located. If desired, 1 floor can be handed over as two certain, fenced from each other apartments.
On the second floor 3 bedrooms, the living room, kitchen, shower and the bathroom are equipped. From windows the fascinating view of mountains and the sea opens.
The site near the house occupies 3000 sq.m, on it separate construction with kitchen and the boiler house is located, there is a pool, the well-kept blossoming garden and a zone of a barbecue. From the airport of only 37 km, to the sea of 1100 m.
- The luxurious house in Fiskardo (Greece), worth 2,300,000 euros.
The elegant mansion stands on the first coastline and is surrounded with the magnificent, picturesque wood. Fine example of traditional Greek architecture. ladyx.ch In the house of 6 spacious bedrooms with private bathrooms, 2 professional kitchens and several living rooms. A row located the harbor, a set of small cozy cafes, beautiful yachts and the best views of the Ionian Sea. A great option for big family or leasing.
- A modern country house in Rhodes (Greece). The price is 3,536,687 euros.
The house is in the elite area - Dodecanese, near the well-known mountain Monte Smith. The total area of the house of 1,000 sq.m. of 5 bedrooms with wardrobe and private bathrooms + 2 guest bathrooms, own SPA is a complex with a sauna, hammam, gym, etc. All rooms are trimmed and arranged state-of-the-art. The country house is surrounded with a beautiful garden in which shadow the big pool and recreation areas hides.
In our catalog more than 200 perfect options of the real estate in Greece are provided. Leave the application on the website or call the specified phone number and our specialists will be able to find for you the most suitable object.
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