About
Greece
Greece is fast emerging as Europe’s leading inward investment destination
The Project is one of the Greek Government’s leading inward investment projects
The investment environment in Greece has never been better with numerous improvements both in the macro economic situation and in the incentives at the micro level.
With a steadily improving background to the business climate in Greece and the efforts of the Government to promote development in the tourism sector, the Project has been granted ‘Strategic’ status and as such benefits from numerous planning and other advantages.
The latest announcement by the Government that it is introducing a new incentive for foreign retirees who relocate to Greece by granting them a 7% ‘flat rate’ tax is likely to be a significant attraction and will increase demand for high quality properties in the major islands and on the mainland.
- One of the fastest improving economies in Europe with a growth rate predicted at 2.3% in 2020 with investments predicted to rise to 12.5% in 2020
- Established hotel market with increasing investor activity
- Average growth in house prices of 7.2%, new builds rising at 9% in Q4 2019
- Greek bonds at record low yields below 1%
- Improving country credit rating
- Removal of capital controls
- Reductions in corporation tax
- Suspension of 3 years for VAT on new building
- New development law expected in 2020 with further investment incentives
- Golden visa introduction (with property sales over $250,000)
