There is an unusual situation in the Athens property market where investment flats are more profitable for long-term rentals than short-term ones. Here is why.
In September 2021, a new migration law 4825/2021 came into force in Greece, which for the first time introduced the legal concept of a digital nomad. According to the law, Greece grants a national visa for 12 months to citizens who work independently or to employees who work remotely with employers and clients outside Greece. With the Digital Nomad Visa, it is possible to obtain a temporary residence permit for Greece.
For Russians, Canada and the US are the top destinations to immigrate to in 2021. At the same time, Russian citizens would prefer to own real estate in Turkey or Spain and to retire in Germany
Closed borders and lockdowns have made it nearly impossible to buy and sell international real estate as before the coronavirus pandemic. Nevertheless, the sales team of real estate brokerage Tranio found a way to fulfil their plan and carry out cross-border real estate transactions remotely.
Although the pandemic has curtailed real estate transactions in Greece, buyer interest in the country has not diminished.
In 2021, Alex and his family bought three apartments in Athens and applied for residence permits in Greece. Due to the pandemic, the entire purchase process took place remotely, and the Greece borders opened just in time for Alex and his family to travel to Athens to apply for a residence permit. Alex can now travel around the world visa-free and plans to spend his time at the seaside after retirement.
Despite the turbulence experienced by global markets in 2020, we have continued to flourish. In fact, faced with such pandemic-era obstacles as border closures, we quickly adapted and mastered the art of closing deals remotely, all while expanding our partner networks in Greece, Spain, Germany, the United States and other countries.
Retiring abroad is a growing trend. People relocating abroad can enjoy their senior living at its best: in a warm climate, by the sea, and with quality healthcare. Here is an overview of European locations for retirement with living costs and a roadmap for choosing your place in the sun.
Tranio conducted its eighth annual survey, analysing the investment and property purchasing patterns of Russian and CIS nationals abroad. The survey was primarily focussed on income property, looking at the top locations for investment, yield expectations, budgets, and preferred asset classes, as well as the general presence of Russian-speaking investors in local markets.
There’s more potential to make money in the country’s real estate than most people think. The majority of Europe’s real estate markets are overheated but Greece is one of the few countries where property is still relatively cheap.
Greece’s Golden visa is one of the most popular programmes granting residency in Greece. The qualification requirements are some of the most attractive for foreign investors: a mere €250,000 investment in one or more properties in the Aegean paradise is enough to get the ball rolling.
Real estate investments are made to last – the average investment term is about five years. For this reason, before buying property in Greece, foreign investors weigh up factors including national economic growth, political stability, and the likelihood of market overheating.
Now in its fifth year MR&H will return to Greece for the second year in succession this October. The event, hosted by Questex Hospitality Group, is dedicated to the investment, development and operation of resorts and hotels within the Mediterranean region.
Eastern Europe is a key region for the Chinese ‘One Belt One Road’ project. But which countries is China especially interested in and what type of property should real estate investors buy?
How are things going on the global real estate market? What future challenges does it face? International real estate plaftorm Tranio presents an overview of the main trends that investors can focus on today and for the next year.