It doesn’t affect the procedure itself. However, a proper investor should always consider the added value that a well-aimed acquisition could offer.
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What should an investor keep in mind when picking a property for golden visa purposes in Greece?
Would it matter where exactly the property is located in Greece? Should I be concerned about rate of return on my investment if I plan to sell it once I get my permanent residency?
Answers
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There are restrictions on properties located in prefectures defined as border regions. Investors affected by the restrictions above can request the lifting of the ban for the border regions, along with their application, which should clearly state the intended use for the property. The decision to lift the ban is made by the Minister of Defense, following the submission of an application. For your second question, if you mean the applicable gain tax on your generated profit through sale of the property, please be advised that in Greece the 15% gain tax on through property’s sale profit for individuals has been postponed till the end of 2022. If you are speaking for remaining value of the property, this is depending on the time you decide to sell the property and the market conditions. In any case, if you sell the property through which you were granted your residence permit, your title is revoked.
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