Your European residency at your fingertips

Whether it is to seek better job opportunities, learn a new language or improve their quality of life, emigrating from their home country is a recurring desire of many. If you are thinking of emigrating, European residency may be your best option.

Reasons to invest in Greek real estate

The natural landscapes of Greece particularly the beaches are beautiful and special, as are the towns scattered throughout the peninsula. Athens in particular is a historic city of incalculable value and will likely witness another period of growth in the real estate sector.

Greece is one of the main destinations for real estate investment. Even as Greece went through a major economic crisis before and during the pandemic, the economy is picking up and real estate prices are still at its lowest point. Residential property in Athens is 40% cheaper compared to previous years. This is great opportunity to invest in real estate in Greece, particularly in Athens.

An easy investment would be an apartment ready for tourist rental. The Greek real estate market is loosely regulated and a tourist license is enough to have the right to lease the property in the short term. The document is issued for 5 years and normally costs between 3,000 and 5,000 euros. The extensions are much cheaper.

Athens is the economic center of Greece and currently generates 19.9% of the country’s GDP, more than any other European Union capital. Trading Economic forecasts that the country’s economy will continue to grow at an average rate of 1.2%. 

The main stock index, ASE Bol Athens, is one of the most bullish in the euro zone with a 10% return per year.

Greek tourism

The tourism sector accounts for 25% of Greece’s economic output and one in four jobs. In 2019, Greece attracted a record 33 million tourists that brought in 18.2 billion euros. This dropped to only 7 million tourists and 4 billion euros in 2020 due to the global pandemic that halted all travel.   However, it seems Greece is about to break its 2019 record in 2022. Two factors may have contributed to this forecast.  The tourist season kicked off in April, earlier than usual and the requirement of presenting an EU digital covid certificate was lifted in May and will be reviewed in September.

Crucial role of the Greek golden visa  

The purchase of apartments and real estate in Athens is becoming more and more common and Greek residence permits for non-European citizens are cheaper than other European countries like Spain and Portugal.

The Greek experience and lifestyle can be yours through the Golden Visa Greece. For a minimum investment of €250,000, through a real estate purchase for private ownership or rental, one can avail of a five-year residency after which one can apply for the citizenship program.

The European residency and the Golden Visa Greece is an ideal program for investors who wish to diversify their assets and grab the opportunity to invest in a booming real estate market, retire in a Mediterranean country with a temperate climate and enjoy a safe and calm life.

The Golden Visa Greece allows the holder the right to live in Greece along with his or her entire family and enjoy the good quality of life that Greeks do. They have free and equal access to the Greek healthcare system and can send their children to good schools. The holder can travel visa-free within the Schengen zone.

The Golden Visa Greece is approved within 60 days and does not require the applicant to live in Greece. Apply for your Golden Visa Greece right away with Orience.

Skopelou 43

Skopelou 43 is the ideal project to obtain the European residency having the opportunity to have an ideal real estate investment that guarantees a return of 2% of the investment for five years.

Skopelou 43 is a recently renovated five-storey listed building with twelve apartments, which is an ideal real estate investment for those wishing to qualify for the Greek Golden Visa. It is located in Kypseli, one of the most popular neighborhoods in Athens.

The beautiful modern building is close to the main streets but secluded enough to be away from the noise and is ideal as a vacation rental especially for singles, professionals and small families. It has been designed so that the spaces are functional and comfortable. The facade of the building faces south, while one side of the building faces east.  This configuration allows apartment dwellers to experience the Athenian sunshine and fresh air flowing freely through the apartments. Each floor has only two units allowing for privacy and space. All twelve units have their own balconies, while the two units on the 5th floor also have terraces overlooking the picturesque Kypseli area. The living areas average 50 to 90 square meters in size and have ample storage space. In addition, from the upper terrace you can enjoy views of the Acropolis of Athens.