Commission VP praises collective labor agreements
European Commission Executive Vice President Roxana Minzatu said during her visit Thursday to the Greek Ministry of Labor that this country has done an excellent
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AMWAJ Real Estate and Property Management in Greece
The company sources properties in Greece from the Attica region and the islands for investment, holiday houses and Greece Golden visa residency. As a boutique consultancy company we first receive the client’s brief and then research the market to offer a best fit property with the option of property management services.
Investment
Holiday Houses
Golden Visa Residency
Property Management
Why Choose Our Properties
Investment Overview
Greece and its capital city are gearing up to a slow recovery and investors are more upbeat about the city’s prospects. In Greece there is equity interested in prime, core investing in Athens, and there is opportunistic international capital which is mainly available for office, retail and hotels/tourism and for buying distressed debt and NPL portfolios.
The government has also vowed to push on at once with the redevelopment of Hellinikon, the vast former airport site south of central Athens, introduced for 10 years. Unlocking this site is going to be a watershed moment and will spark interest from other investors. Investors see offices as offering good prospects due to the limited availability of grade A space and the deterioration in quality of existing stock over previous years.
Views on tourism are more mixed. Conversions to hotels or to flats for holiday rentals are popular in the earliest stages of recovery.
International banks are not yet lending, and debt is more expensive than in other European cities. But availability of debt is expected to improve next year because after years of moving at a glacial pace, Greece’s four systemic banks are in a frenzy to sell off their NPLs by an end of 2020 deadline
- Off market properties
- Outstanding properties
- Distressed Debt
- NPL (Non-Performance Loan ) portfolios
- Income generated assets
- Specialist services
- Market leading research
Let’s Take A Tour
Holiday Houses
Greece is one of the top summer destination and tourists are excited to purchase holiday houses in the vibrant country. Everyone has different preferences and budget but also their enthusiasm drops when they are back home. AMWAJ Real Estate will be sourcing ready holiday houses for enthusiastic to grab the opportunity on the spot.
Budget | Plot Size | House size |
Less than 100K euros | 300-500 sqm | 50- 120sqm |
100K up to 249K | 500 – 1000 sqm | 80sqm – 200 sqm |
250K up to 1M | 1000 sqm – 5000 sqm | 120 sqm – 300 sqm |
Above 1M | 4000 sqm and above | 180 sqm and above |
- Indicative summary varies depending on the area, classification, and preferences
Greece Golden Visa
The Greece Golden Visa Program is considered one of the most affordable residence by investment programs that provide access to Europe. Successful applicants and their families are able to benefit from visa-free access to Europe’s Schengen Area within two months of applying.
Investment
Real estate investment of EUR 250,000
Processing time
One–two months from submission of the application to approval
Key benefit
The right of free movement to Greece and Europe’s Schengen Area
Real Estate By The Numbers
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Completed Property
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Property Taxes
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Satisfied Customers
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Home Ownership
Key Advantages Of
The Greece Golden Visa Program
Holiday Houses
- Visa-free travel within Europe’s Schengen Area
- No requirement to reside in Greece
- Residence permits can be acquired within 30–60 days
- Unlimited expiry date of residence permit
- Opportunity to rent out the investment property
- Eligibility to apply for citizenship after seven years of residence
Requirements of the Greece Golden Visa Program
The Greece Golden Visa Program is a residence by investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.
Real Estate Options
- An investment in real estate property with a minimum value of EUR 250,000, plus the applicable taxes.
- A 10-year lease agreement for hotel accommodation or furnished tourist residences in tourist accommodation complexes (Article 8 of Law 4000/2001)
- A 10-year time-sharing agreement for hotel accommodation (Law 1652/1986)
Procedures and time frame of the Greece Golden Visa Program
Step 1: Visit Greece
Step 2: Choose the preferred property
Step 3: Submission of the application
Step 4: Final verification
Other Options
Capital Contribution
- A capital contribution with a minimum value of EUR 400,000 to a company that has its registered office or establishment in Greece (with the exception of portfolio investment companies and real estate investment companies) for the acquisition of shares in a share capital increase or bonds that are, at the time of issue, admitted for trading on regulated markets or multilateral trading mechanisms that operate in Greece
- A capital contribution with a minimum value of EUR 400,000 to a real estate investment company (Article 21 of Law 2778/1999) that will invest exclusively in Greece, for the acquisition of shares in a share capital increase
- A capital contribution with a minimum value of EUR 400,000 to a closed-end investment company (Article 5 of Law 2367/1995) for the acquisition of shares or to a closed-end mutual fund (Article 7 of Law 2992/2002) for the acquisition of shares, provided that the aforementioned alternative investment institutions have the intention to invest exclusively in companies that have headquarters or establishments in Greece
Purchase Of Greek Government Bonds
Purchase of Greek government bonds with a minimum acquisition value of EUR 400,000 and residual maturity of at least three years at the time of purchase, via a credit institution established in Greece, which will also act as the custodian of these bonds.
Purchase Of Shares Or Corporate Bonds
Purchase of shares or corporate bonds with a minimum acquisition value of EUR 800,000, which are admitted for trading or are traded on regulated markets or multilateral trading mechanisms, operating in Greece.
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