Greece is a country in the heart of the EU with contemporary infrastructure (land cadastre, digital infrastructure, and low taxes); it is currently considered a safe investment.
Conditions for purchase
All real estate transactions in Greece are carried out on favorable terms for foreigners. If the purchase of real estate is carried out for an amount of at least 250,000 euros, a residence permit is given for a term of 5 years. Do not be discouraged if your budget is not large. You can buy property in Greece for an affordable price. Real estate prices in Greece are falling rapidly; it’s time to think about spending money and time on buying Greek real estate: inexpensive apartments, houses, villas, maisonettes, etc., waiting for their buyer.
There are numerous beautiful places where you can get your property. Crete, Halkidiki, Athens, and Thessaloniki are ready to show you the most hidden corners of their Mediterranean beauty and convince you to buy property at competitive prices.
How to take a property loan
Finally, if you really like luxury real estate in Greece by the sea or you are planning to buy business premises to rent villa Greece, but you are not very good with money yet, you can take out a loan. Local banks offer very loyal conditions for those wishing to subscribe for a mortgage.
Even without being a resident, you can apply for:
- the interest rate of 4.5–8% per annum;
- down payment of 40%;
- 15-year loan repayment term.
You need minimum documents to get a loan. Copies of all pages of the international passport, a certificate from the place of registration, an extract from work for two years, and, if available, a certificate from a bank in your home country, where you have already taken a loan, and repaid it in good faith.
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