Luxury Real Estate in Greece

Permanent residence in Greece for foreigners – benefits

Permanent residence offers additional opportunities to foreigners from outside the EU, granting the right to uninterrupted stay in Greece. Citizens with such status have the right to benefit from Greece’s tax advantages, set up and run a business. After 7 years from the moment of obtaining permanent residence, one can apply for Greek citizenship.

Under what circumstances can one obtain permanent residence?

Permanent residence can be obtained by an investor when purchasing a new property (one or several) where the combined price must be 300,000 euros net. Along with the buyer, their family also receives permanent residence: the investor’s spouse, minor children, children up to 25 years of age under certain conditions, and the investor’s parents. Permanent residency is indefinite.

Is it worth investing in property in Greece?

Greece is a popular country among investors and tourists from many countries. It has a very favorable location (crossroads of three continents), numerous historical sites, and a vast diversity of places for relaxation and simple living. Here, you can live directly by the sea, and by moving just a few kilometers from the coast, you can find yourself in the mountains, amidst a variety of greenery, experiencing a completely different climate and air. You can live in Pafos, enjoying peace and tranquility in the very heart of the history of past centuries, and after traveling just 70 km to Limassol, you dive into a cycle of events and bustling life. Everyone will find a comfortable place here for their soul. The climate and comfort of Greece are attractive not only to tourists but also to warmth enthusiasts from colder countries who come here for the winter months. This makes property rental always in demand, both long-term and short-term.