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Why invest in Athens?

סיבה נוספת היא האפשרות לקבל תושבות ביוון באמצעות קבלת Golden Visa. לשם כך יש לרכוש נכס במחיר של 800,000 אירו באתונה, או במחיר של 250,000 אירו באזורי עדיפות.

עוד סיבה כבדת משקל היא העובדה שיוון חברה באיחוד האירופי, ולפיכך המטבע הנהוג בה הינו אירו, שהינו מטבע חזק ויציב. המרת שקלים ישראלים לנכס שמחירו נקוב באירו, מבטיחה שמירה על ערך הכסף, ואף מבטיחה עליית ערך טובה.

מספר גדל והולך של משקיעים מגיעים בזמן האחרון לאתונה מהעולם כולו.

מה הסיבות לתופעה?

הסיבה העיקרית היא שאתונה כיום מציעה למשקיע/ה הזדמנויות נדלן בדומה לתל-אביב של שנות ה-80. מדובר באפשרות לרכישת נכסים בהשקעה סולידית, שתניב תשואות גבוהות הן באופן מידי והן לטווח הארוך.

המשבר הכלכלי של יוון גרם לירידת מחירי הנכסים בה באופן משמעותי, לפעמים עד 50% מערכם. הירידה במחירי הנכסים מאפשרת רכישה במחירים נמוכים, ומבטיחה תשואה של בין 8% ל-20% כתוצאה מההתאוששות הכלכלית של יוון.

Affordable prices

The current economic recovery guarantees an increase in value for properties purchased at excellent prices.

We have decided to show you two examples of an investment that yielded a profit of over 20%:

 

A quick improvement project for an apartment we found on the Athens market

We purchased a 79 square meter apartment for 64,000 Euros.

The purchase cost of the apartment in Athens was 6,500 Euros.

The renovation costs were 51,000 Euros.

The total cost was 121,000 Euros.

The apartment was sold in two days! for 146,000 Euros.

The profit on the project was over 20%!

 

An impressive improvement project for an apartment in a prestigious area of Athens

We purchased a 72 square meter apartment for 105,000 Euros.

The purchase cost of the Athens apartment was 10,500 Euros.

The renovation cost was 76,000 Euros.

The total cost was 191,000 Euros.

The apartment was sold within one month! for 235,000 Euros.

The profit on the project was 23%.

Geographical Proximity to Israel

It is important for investors that the property is available, accessible and close. Athens is a two hour flight from Israel, making it easy for investors to get there.

 

The cost of flights, accommodation, food and car rental is also relatively low compared to other European capitals.

 

Athens is the capital of Greece, where half of the Greek population lives, and is the country's governmental, economic, financial, industrial and cultural center. About 5 million people live there, many of them students from all over the world. Athens has a large port, Piraeus, which connects it to the rest of the world and also to the many islands of Greece via ferries that operate 24 hours a day, all year round.

Tax Relief - Greece Encourages and Supports Investors

In order to revive the economy and attract investors, Greece has a lenient real estate tax policy. The purchase tax is low and is at the level of 3.09%. You can make 3 transfers in two years to benefit from the tax relief (e.g. purchase, sale and additional purchase).

 

In Greece, there is a complete exemption from sales tax at the time of sale, compared to a sales tax of 25% in Israel. This means that when the investor sells the property, he does not have to pay tax on the difference between the purchase price and the sale price.

 

Israel and Greece have signed a joint tax treaty which prevents Israeli investors from paying double tax and allows them to pay tax in Greece and only complete the tax in Israel.

 

Another advantage of investing in Greece is the possibility of selling a property every two years without paying any tax.

Athens - Investing in a Tourist and Student Center

Athens is a big city with a student character and with big universities. Studying is free for EU citizens, which attracts students from all over Europe who are constantly looking for accommodation.

 

Athens is one of the busiest tourist centers in the world with around 35 million tourists per year. Airbnb apartments are very popular in the city. These are apartments that guarantee a quick return on investment in a short period of time, and also the chance to sell them in the future as an income-producing asset, and therefore can be sold at a higher price.

Property Owned by Investors

If the investor has fully financed the purchase of the property, the property will be registered exclusively, 100%, in their name. For partial investments, the property will be registered in the investor's name, partially according to their investment percentage. There is no restriction on registering multiple properties in the same investor's name.

Investing in Athens - High Yields and Money Growth

In Athens, it is possible to achieve an annual return of between 8% and 20% and even more with a solid investment. Investing in Athens allows you to make a good yield by renting or selling property to a population looking for apartments for long-term residence.

 

Greece belongs to the European Union, therefore the local currency is the Euro, which is a strong currency. Today an investment in Euro gives a nice return just by converting Shekel to Euro.

Obtaining a Residence Visa in Greece

Foreign residents interested in residency in Greece can purchase a property in Athens for 800,000 euros or a property elsewhere in Greece for 250,000 euros, and receive a Golden Visa which grants the investor a 5-year residency.

Therefore, investing in Athens is a wise economic decision that ensures the preservation of monetary value and high returns. Contact us today for details with no obligation.

Contact us today for details with no obligation.

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