Why the Greek Golden Visa is the best – Greece Villas

The past few years have not been kind in a financial sense for many countries in Europe, which is why many of them have started the so called Golden Visa programs. A foreign investor can take advantage of those programs in order to acquire a residence permit in a European country and a resident visa. In order to do that however, they will first need to make a rather sizable investment, usually in the form of a real estate purchase. Recently Greece has started its own Golden Visa program and it manages to stand out from others like it, so much so that for many it is considered the best of the bunch. Let’s find out why.

It is the cheapest

Like we said above, Greece is not the only one to offer such a program, what sets the Greek golden visa program apart however is the fact that it requires the smallest investment when compared to other similar programs. Greece requires investors to invest at least 250.000 Euros in order to be eligible for a Golden Visa while Spain demands a minimum investment of 500.000 Euros and Cyprus one of around 350.000. The difference in cost is by no means negligible.

Prime real estate at bargain prices

Greece has been in the throes of a horrible financial crisis which has left its real estate market in shambles. This means that prime real estate even in highly sought after areas such as Mykonos, Santorini and the center of Athens has greatly reduced in value and is not available at prices that are a great bargain. To put things into perspective, real estate prices in Athens have gone down as much as 60% compared to what they were before and during the Olympics. Greece is one of the most popular tourist destinations in the world so real estate in an area that attracts lots of tourists is essentially a goldmine. What you need to take away from this is that for just 250.000 you can get prime real estate AND an EU residence permit. What better deal could you ask for? If you are looking for a website with villas all over Greece, here is a good place to start.

A relatively easy process

In order to be eligible for a Golden Visa one will first need to make an investment. After that, the bureaucratic process can begin. All in all, it will take you about 40 days to get your visa and the whole process can be handled by specialized lawyers who will take care of everything for you. You won’t even have to be in the country. All in all, the whole application process will cost an extra 15.000, which is again very cheap as far as golden visas go.

Visas for the whole family

Unlike other countries in the EU, Greece doesn’t just issue the residence visa to the investors themselves but they issues residence visas to all member of their immediate families, which includes their spouses, children and in some cases even the parents. The visa is valid for five years, as long as the investment exists and is owned by the investor, after which it will have to be renewed. In case that they chose to part with the investment, the visa will be transferred to the buyer, provided that they meet the legal requirements and that they are foreign. As long as the property remains within the possession of the investor, they can renew the visa.

Favorable taxation

The fact that you will own land in Greece means that you should also pay taxes there, however, the taxes you will pay will only be about the property that you own in the country. You won’t pay anything for property that you own in other countries.

Villas in Greece: the perfect investment opportunity

Perhaps the oldest saying in the world of real estate investments is “when it comes to properties, it all about location, location, location”. Land may be one of the safer “commodities” once can invest in since it rarely loses its value dramatically, but in the end, the return on such investment really depends on where the property that you will buy or rent will be located in. Now, for most people, the term location refers to the geographical position of a property, in other words, whether or not it is located in a beautiful and safe area that people would gladly spend a lot of money in order to live there. However, the country that the property is located in, might be even more important, especially if one invests in properties outside one’s own country.

So, when it comes to investing money in another country, the ideal country should fulfill two criteria: popularity and opportunity. Popularity refers of course to how willing a tourist or another investor would be in buying or renting property in a given country. Opportunity refers to the social and political situations that define the value and prices of real estate. It is very rare to find a country that fulfills both those criteria at the same time, which is what makes Greece one of the best countries in the world for people looking to invest in real estate and specifically in villas or luxury properties.

One of the most popular tourist destinations in the world

When it comes to holiday destinations, Greece almost always seems to rank among the most popular. This is because the country is well known for its rich history, its many archaeological sites and museums and of course its gorgeous beaches and sunny weather. Why does that make buying a villa in Greece a great investment though? Well, luxury vacations have been getting more and more popular for the last decade or so, which means that tourists nowadays are not just looking for a few days of relaxation when they go on vacation. They want to live it up a little and spend some days as luxuriously as possible. It’s true that, luxury villas in Greece for rent have become a huge trend in the last couple of years and more and more people start to like them and enjoy their holidays there but even more people see the opportunity not to just rent them but actually buy them since it’s an amazing investment opportunity.

Because of this, more and more people are opting to stay in a villa rather than book a room in a hotel. Villas are more spacious, luxurious and private. Plus, a group of friends can just split the rate between them which can easily result in each guest staying in a villa paying the same amount that they would pay should they have opted for a room in a good hotel. In other words, a villa in Greece is a steady source of income and one of the safest real estate investments in Europe.

The tail-end of a crisis

As you may know, Greece recently went through a huge financial crisis. A lot of rich Greeks ended up bankrupting their businesses and trying to sell of their assets in order to pay their debts and taxes or to just get the cash they needed to fund a new business venture. This means that a lot of very luxurious villas are currently available on the market for ridiculously low prices. In other words, now’s the time to buy prime properties extremely cheap, which of course is every investors dream.

Greece is starting to recover from the crisis, but the real estate prices, especially when it comes to villas, aren’t going to go up any time soon, since only the wealthiest of Greeks are currently able to buy property in their country. The prices may seem low to foreigners, but they are very expensive for Greeks. So, if you want a villa that you can flip or rent in one of the most popular tourist destinations in the world, sets your sights on Greece.

Where to stay in Santorini

A brief guide on how to choose where to stay in Santorini

Santorini is a favorite vacation destination from people all over the globe. The main reason it gets millions of visitors and tourists each year, is none other than its amazing volcanic landscape which in turn is responsible for some of the most breathtaking sunsets in the world. It’s no wonder that Santorini is one of the most photographed places in the world year after year. Santorini, other than her beautiful places, amazing food and friendly people is also extremely known for the large amount of car rental companies. Since so many tourists go there every year from all over the world, there is a high demand for car rentals so people can drive around the island and not only be able to be comfortable in their vacations but also explore the island as much as possible.

Most people that visit Santorini however tend to have a small problem, or rather a dilemma: where should they stay? Well, the answer to this question depends on quite a few factors and in this article, we will try to provide you with all the information you will need to book the right place to stay before booking your trip to this amazingly beautiful island.

Santorini’s geography

So, let’s start from the beginning. If there is one thing that you should know about Santorini, it’s the fact that it is a rather small island. In fact, a lot of people actually walk from one end of the island to the other! There is however another factor regarding the island’s topography that will definitely affect how you stay and what you will pay for your lodging: which side of the island will you choose to stay on.

Santorini basically has two sides: one side of the island overlooks the caldera and is the one that is the most popular and photographed, while the other faces away from the caldera and although its topography is still volcanic, it’s not that different than that of other islands in the Cyclades complex. So, the biggest dilemma is picking which side you will be staying on, let’s see the pros and cons of each side. If you are interested in exploring the whole island and it’s scenery you might want to consider Santorini car rental agencies and do it by car.

Caldera side

Like we said earlier, the island’s gorgeous caldera is what makes it unique and the reason for its popularity. Simply put, nothing can be compared to admiring the island’s scenic sunsets from the balcony of your hotel room which in all probability will be built right on the caldera’s cliff face. If you are looking for a truly unique stay during your vacation and for the full “Santorini experience”, then the caldera side is the one for you, provided you can afford it of course.

As you can probably guess, the rates for rooms overlooking the caldera can be ridiculously expensive, especially if you factor in the fact that most of the rooms and hotels built on the caldera offer five star quality accommodations and luxury. Believe it or not, the rates for room son the caldera are usually in the high 3 digit region and they can easily 4 digits during the high season. So, let’s just say that the full “Santorini experience” isn’t exactly for everyone. With that being said, if you intend to stay on the caldera side then the villages of Fyra, Oia and Imerovigli is the best choices.

The non-caldera side

It goes without saying that if you choose to stay on the island’s other side, you will miss on the caldera view, your stay however will be much cheaper. Rates on the northern side of the island are just a fraction of even the lowest rate of a room overlooking the caldera. The same goes for restaurants and beach bars.

Now, you might be thinking that you will have to sacrifice the beauty of the caldera just so you could make your vacation more affordable, but that is not the case. The island is home to tens of car rental agencies and as such, the rates tend to be pretty low, especially if you book a car from a local firm, because they tend to offer the best deals. Combine that fact with the island’s relatively small size and you can drive to pretty much any point of Santorini within a few minutes and without having to depend on the bus routes and other means of public transport! In other words, renting a car will allow you to enjoy everything the island has to offer and to soak in all of its beauty – and all that at your leisure – without having to pay an arm and a leg for the privilege.

The villages of Perissa, Kamari and Emporio are definitely the right choice for those looking to enjoy Santorini without spending a fortune.

Who we are and what we do?

We are a group of young people who love the sea, the holidays and the Greek islands !!!

Wherever we are, whatever we do, we will always find time to make a pass from our Greek islands every year, whether for a winter holiday or for summer.

We like to collect photos from great locations and write about our experiences on the Greek Islands! Now after so many years of browsing, we are able to give you advice on your stay, what to have fun, what to see …

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