Non-Europeans seeking a fast-track route to EU residency, now they have a new option-buying Greek property. Greece offering super-speedy residency status to anyone who buys a property only with €250,000
Greece has launched a special programme of 5 years residency in order to attract wealthy investors from Non EU countries, mainly Chinese,Russians, Iranians and other Middle and Far East countries, who aim firstly to use the visa to contact business in other European countries, which they can visit freely without the SCHENGEN visa requirements.
Obtaining a property in Greece only with 250.000 Euro, you and your family members enjoy 5 years residency in Greece and you may travel without visa within the SCHENGEN area of 26 countries (see the below picture)
b) the lineal descendants of the spouses or either spouse, who are under 21 years old.
c) the lineal ascendants of the spouses.
The 5 year residency can be renewed for any other 5 years period as long as you maintain the ownership of the property
PLEASE NOTE THAT THE YEARS OF RESIDENCE IN GREECE UNDER SUCH PERMIT DO NOT COUNT FOR OBTAINING THE GREEK NATIONALITY
Needless to say that over and above reason, Greece is a dream destination for holidays and retirement, while for young and middle year old businessmen families that their country’s education system does not provide satisfactory education, the parents prefer their children to go to an English-language school or University in Greece.
The Law “Creation of a Development Friendly Environment for Strategic and Private Investments” (4146/2013) of the Ministry for Development, Competitiveness, Infrastructure, Transport and Networks” facilitates the residence of investors in Greece through the granting of residence permits.
Buying now a property in Greece is also a wise investment, as you are investing in a European country where in the real estate market prices are nearly 30-50 % lower than the 2008 deep recession that has accompanied the Eurozone countries. Therefore the capital gain earned whenever you decide to sell the property will be high.