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Greece is not only a popular tourist center which attracts thousands of visitors throughout the year; it's also a country that has many lucrative options for building and buying properties in aspects of profitable investing.
Options to buy real estate in Greece are various and spread through, starting from buying a property for tourism gain, individual asset yield, and up to improvement of properties; it’s a fair assessment that the current recession in Greece carries with it various options for profitable investment in terms of property's costs, beneficial taxes regulations, convenient and inexpensive construction, and the future profit potential is huge. We give you a taste of knowable regarding real-estate investments in Greece. Real estate investments in Greece for future profits bought it a week ago for one $ and sold it today for two; the logic behind buying while prices are low, in times of economic crisis that has direct impact on real estate (in terms of both tourism and private ownership), 'Sit on the investment' for some time while waiting for the market to bounce back, than then sell at market price (meanwhile recovered) is the iron principle of profit in real estate investments. Therefore, a lot of Israelis are buying properties in America, Greece and other countries that are currently struggling with national financial crisis. The twists and turns of the market is another factor that wages in the importance of consulting with an Israeli real estate company, linked to trusted real estate agents in Greece, prior to making an investment.
Depression will pass eventually, tourism will remain as strong and blooming as it was for the past decades, and property prices will rise accordingly.
As well as tourism business and all that accompanies it- restaurants, town houses, private businesses act will rise as well. But this profitable
revenue depends on investment variables such as: which areas are most highly to gross more profit in terms of area development expected in the
coming years? Who are the Greek professionals which are best to conduct with in order to make the purchase process smooth and efficient as
possible? Which islands has public transportation access? (Acute fact when considering investment properties for tourism purposes)
Greece in a nutshell
Greece holds 3000 islands and it's composed of 13 provinces, divided into 51 sub-districts. In 1981, Greece joined the EEC, two decades later the
Euro became the national currency, replacing the drachma. Israelis are free to enter and leave Greece without a visa; a short flight away makes
Greece a wonderful area in term of easily manageable business investment. Despite the severe economic crisis suffered by Greece about a
decade ago, development of construction and hotels, vacation homes, restaurants and attractions for tourists continue to work steadily and the
demand remains stable.
buy cheap and sell dear is quite an old, used up saying, so let's talk about actual numbers data; real estate prices in Greece dropped by 40 to 50% compared to what they were prior to the economic crisis, depending on which area you look at, but in terms of tourism there is no decrease in percentage, which means cheap properties are still yielding returns of leading tourist center. Even the land purchase and development is a worthwhile option. An area of 4,000 square meters on the island of Lefkada costs around 70-150 thousand euros; sampled by a random property search, this one is located near the coast. With the same price range you can find properties in Greece with views overlooking the sea, surrounded by green sights and nature views.
In main touristic areas such as Athens, Santorini, Crete and Mykonos the real estate game is a ted more sophisticated, due to the fact these areas
have reached their potential peak exhaustion and are considered to be the top tourist attractions. Greece is full of hidden options, islands with views
of once in a lifetime, high castles and impressive nature scenery, all with easy accesses due to available transportation routes, while the land itself
is still very cheap. Such places has development potential and can become the next tourist attractions, for a substantial part of tourists who actually
want to get away from the hustle and find quieter holiday destination. Small investment in a resort or a few nearby homes is an investment estimated
around 100-200 thousand euros, and the maximum reimbursement can either come from monthly / weekly rent, either selling for development in
higher value.
Greek tax system is designed to facilitate the acquisition of territory by foreign funds in order to encourage economic recovery. Company sits in
Greece pays tax on all income, whether generated within the country, or abroad. And yet, a foreign company operating within the borders of Greece
and is located in a foreign country pays tax only on earnings created in Greece. At present the rate of capital gains tax on assets stands at 0%,
which encourages continued investment in the country.
