With over four decades of expertise in real estate development, marked by a global presence, MIBS Group stands out as a leading residential developer in the real estate landscape of Greece, one of Europe's fastest-growing economies.
Showcasing a robust portfolio of contemporary residential properties strategically located in prime areas of Athens, capital of Greece, and offering 360 personalised services from real estate investment to property management, the Group's sales network extends to more than 30 countries worldwide and acts as a trusted consultant highly experienced in solid property investments and Greek Golden Visa program.
Why Greece is a prime investment destination
Greece is a politically stable European country with a robust economy and a desirable Mediterranean lifestyle, having become a top destination for investors with its strategic location, strong economy, and investor-friendly policies. The Greek government has implemented reforms to boost innovation and entrepreneurship, digitise government services, and support growth in renewable energy. Highlighting Greece's appeal, Athens was ranked 5th in the global housing market according to Knight Frank’s research of 107 major cities.
Additionally, the Greek Residence Permit Program stands out for its low minimum investment threshold, starting at €250,000, one of the lowest in Europe. This program has gained popularity due to its benefits like visa-free travel within Europe, access to the Schengen Area (29 countries), and free public healthcare and education. Investors can choose any property, apply remotely, and even rent out the property. A key benefit also is the ability to apply for citizenship after 7 years.
Greek Golden Visa Program: The Next Day
The Greek parliament has recently introduced new investment thresholds depending on the geographical location. In prime areas such as Attica, Thessaloniki, Mykonos, Santorini, and islands with populations exceeding 3,100 inhabitants, the minimum investment now stands at €800,000. In other regions, the minimum eligible real estate investment has increased to €400,000 from €250,000. The new regulations also require the investment to be made in a single property, with a minimum surface area of 120 square metres.
These changes aim to enhance the program's appeal and reflect a strategic move to balance economic benefits with sustainable development, offering opportunities for high-net-worth individuals while contributing to the Greek economy.
New Advantages for Investors and MIBS Group's Strategic Approach
Despite the revised thresholds, there are significant exceptions allowing a lower real estate investment, regardless of the property’s location or size. An applicant can obtain the Golden Visa with a minimum threshold of €250,000 by investing in a commercial/industrial property undergoing conversion to residential use, provided the investment is in a single property. The same threshold applies to investments in listed buildings that are to be restored or reconstructed.
MIBS Group, staying ahead of industry trends, has already invested in commercial properties being converted to residential and has further enhanced its portfolio with a stock of residential properties eligible for lower investment and Golden Visa qualification. These special provisions promote sustainable development, preserve architectural heritage, and enhance the character of an area.
It is worth highlighting that despite the recent updates, the Greek Golden Visa program remains exceptionally attractive due to its comparatively low investment thresholds, offering accessible entry points for investors and no minimum stay requirement. This unique advantage continues to position Greece as a premier destination for individuals seeking both residency and lucrative investment opportunities.
What Prospective Investors Should Look for When Evaluating Golden Visa Projects
Prospective investors should conduct thorough due diligence and stay informed about regulatory changes and local market conditions and trends. Location of the property is paramount in such investment decisions to secure optimal returns. It's crucial to collaborate with a reliable developer with a solid understanding of the Golden Visa program and extensive experience covering all aspects of the process from identifying the ideal property to managing the legal procedures.
At MIBS Group, we offer comprehensive services and boast a strong track record, ensuring a smooth investment process. As supportive evidence we have assisted thousands of clients in qualifying for the Golden Visa program. The widespread base of our clientele, hailing from all corners of the globe, and the impressive 50% of repeated clients and referrals is living proof of the trust they place in the company. After all, we deliver what we promise to our clients.
Brief interview with Elena Shiapani, CEO MIBS Group
Where are MIBS Group’s properties located in Greece?
MIBS Group ensures that our residential properties are strategically situated in prime locations of Athens, capital of Greece, ensuring the quality of life our clients seek, as well as the best prospect for growth and high returns. Athens, one of the top global destinations for property investment, offers a captivating market for both domestic and international investors. Ongoing regeneration projects along the Athens Riviera and increased investments in the country’s largest port, Piraeus, are reshaping several key areas. MIBS Group has strategically invested in these top locations, from the Athens Riviera to Northeastern Athens, to offer its clientele a varied portfolio featuring contemporary properties with significant investment potential.
What kind of returns can the investors expect from these properties?
The Greek real estate market in 2024 presents a dynamic and promising landscape for investors, developers, and homebuyers. With strong demand, strategic investments, and favourable government policies, Greece is well-positioned to continue its ascent as a prime real estate market in Europe, especially in the residential sector. Significant annual price increases along with capital appreciation boost the value of investments over time providing solid long-term returns. Additionally, the booming demand for rental properties offers high rental yields. Considering that residential prices are still lower compared to the EU, we could say there is potential for important, further growth and high returns, making Greek real estate an attractive and lucrative destination for investors.
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