Buying a property in Greece and getting a residence permit in Greece
Applicants who want to invest through buying a property in Greece or through other procedures need to get information about how to reside and be a citizen in this country and then take a step in this direction. Living in Greece can have many benefits for people, for example: People can benefit from free education for themselves and other family members. Being able to travel to other Schengen countries and getting a golden visa and getting a residence permit for family members and even the applicant’s parents and his/her spouse is another advantage of getting the residence permit in Greece. In order to buy a property in Greece and reside in this country, it is necessary to first buy a property for at least 250 thousand euros and then you can get a residence permit in Greece for yourself and your spouse and child under 21 years.
It should be noted that in order to get a permanent residence permit in this country, it is not necessary to be present in this country permanently. It is only necessary for people to stay in Greece 14 days a year and they can easily get a one-year residence permit. It can be extended for 5 years and after five years you can apply for permanent residence. After five years of permanent residence, if applicants wish to get the citizenship of Greece and get a passport, they can apply for a Greek passport if they are qualified.
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Buying a property in Greece and People who are eligible to buy a property
Applicants who want to buy a property in Greece need to know who is eligible to buy a property in the country. It should be said that buying a property and investing in this country does not have special conditions and only requires buying a property worth 250,000 euros. This property can be residential or commercial. Also after buying a property in this country people can rent that property, which in this case they will have to pay the required taxes. The costs of buying a property and housing in this country is much more reasonable than in other European countries, and people can invest up to 250,000 euros in a Schengen country. It should be noted that this amount of 250 thousand Euros can be invested in one or more residential or commercial properties and you can get a residence permit in this country through this procedure.
Buying a property in Greece and the legal process of buying a property in Greece
Buying a property in Greece or in other countries requires a series of legal and administrative process. People can invest in various ways by observing the legal process in that country. Buying a property in Greece and investing in this country do not have special requirements and criteria and as mentioned, people can easily invest in real estate (properties) with 250 thousand euros. To buy a property, it is necessary for a person to first choose his/her residential or commercial property, which can also be done by a valid and legal lawyer. Once you have reached the required agreements with the seller, a formal contract must be concluded between the buyer and the seller. In this contract, it is necessary to have all of the details of the buyer and seller, the agreed amount, the details of the property and even mention who has to pay for compensation and how much compensation to pay if the parties regret it
If a person wants to buy a land in this country, he/she must pay the land registration fee and the required taxes and register the land in question in his/her name in the property registration office. As mentioned, for buying a property all of the things mentioned above can be done by a reputable lawyer who has the legal and official power of attorney of the applicant.
Buying a property in Greece and the cost of buying and renting a property in Greece
Buying a property in Greece and the costs that are associated with renting a property are very important for all of the people who intend to invest through buying a property in this country. Not only in Greece but also in other countries, you will be able to buy a property if you are aware of the costs, because people have to buy a property according to their budget and capital, and also knowing the costs that are related to renting is important because the applicant may not have the intention of living in that property, so by renting it, he/she can receive an amount of money through renting it and the property in that country won’t be uninhabited. The minimum cost for buying a property in Greece is 250,000 euros, but other related costs are listed below. It is worth mentioning that prices can change from year to year, and prices can vary depending on the conditions and facilities of the house in question.
| Home\house | Average price (in euros) |
| Buying an apartment in the city center (per square meter) | 1,630,40 |
| Buying an apartment outside of the city (per square meter) | 1,420,13 |
| Renting one-bedroom apartment in the city center | 330 |
| Renting one-bedroom apartment outside of the city | 280 |
| Renting three-bedroom apartment in the city center | 550 |
| Renting three-bedroom apartment outside of the city | 470 |
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