100 years ago people who owned real estate in Greece were considered aristocracy. Today, you don’t have to be an aristocrat to buy a villa in one of the enchanting shores of Greece, and even the purchase of a fantasy island has become an attainable option.
If you realize what tremendous business opportunity lies before you, and if you’re seriously thinking of investing in property in Greece, it’s important to know some basic important details about the country you’re ogling.
First and foremost, Greece is a country where every stone reveals the story of a rich history and tradition of thousands of years. It seems it’s always been there and will remain forever.
Space and geographical location
Greece is a Mediterranean country, located in southeast Europe, at the southern tip of the Balkan Peninsula. It shares borders with Turkey, Bulgaria, Albania and Macedonia, as well as the Mediterranean Sea, the Aegean Sea and the Ionian Sea. Greece’s territory, covering about 132,000 square kilometers, includes 3,000 scattered islands, with the Greek coastline stretching over 14,880 square kilometers.
Greece is a country of sun and beaches, with a typical Mediterranean climate similar to that of Israel – cold and wet winters, hot and dry summers. In some areas the weather is more European-like and it snows in the winter.
As of 2015,the population of Greece is 10.9 million, with a rather low natural growth rate. About 98% of the population is Greek-Orthodox, and there are also some Catholic, Jewish, Muslim, and Turkish minorities. The Greeks are famous for their love of celebrating and attending taverns with live music and good food.
Greece is a parliamentary republic, guaranteeing equal rights and liberties for all its citizens. Like Israel, the Prime Minister and Cabinet hold the main political power. Elected every five years, the President holds the main representative positions.
Greece is divided into 13 administrative districts, which are divided into 51 secondary counties. Athens is the capital of Greece.
New Greek is the official language in the country, but many people speak other European languages as well.
The people of Greek make their living primarily from tourism, food industries, tobacco, textiles, shipping, fishing, oil, mining, and metal products.
Currency and payment methods
Greece’s official currency is the Euro and all recognized international credit cards are accepted in the country.
Why buy property in Greece?
For those of you debating whether you should purchase a property in Greece, and wondering:“why there of all places?” – we’ve compiled a few reasons why this business opportunity is so hard turn down.
Close to home
Greece’s proximity to Israel is a big reason for buying real estate in this country. Whether you go on quick vacation incursions a few times a year, or travel there to manage your assets –it’s only an hour and a half plane ride away. Simple and convenient.
Similarities to Israel
It’s always easier to get by in a country that reminds you of where you live. The similarities between Greece and Israel are evident in the climate, mentality and culture, the famous Mediterranean Sea, form of government, and more. Therefore, Israelis who go to Greece can feel at home.
Anyone can do it
Buying a villa in Greece is not “out of reach”, and certainly not the lot of the wealthy only. The lucrative costs pose an opportunity to acquire prime properties of any scope, from a single apartment to an entire island.
Lucrative purchase terms
Greece has signed a tax treaty with Israel, and its taxation system favors foreigners. Israelis who buy property in Greece enjoy a wide range of tax benefits, including exemptions from appreciation tax, property tax, and more.
Greece is a touristic country, a very popular destination for Israeli tourists. Israelis who purchase assets in Greece can vacate in the lovely country and explore its beauty without paying for hotel rooms. The gain is twofold, since the properties can be rented out to tourists from Israel or abroad when they’re vacant.
If until now you could only dreamed of owning a beautiful villa by the sea, where you can stretch a lawn chair, enjoy the sounds of the bouzouki and the scent of ouzo… Now it’s within reach more than ever.
Contact us to make your dream come true and start a new chapter in your life.