Studio in Athens, Greece, 100 m²

Completed residence permit projects under the new rules - €250,000.

Location: Central Athens only.

Short-term rentals are not permitted for residence permit investors. Central Athens offers a good opportunity for stable long-term rentals.

Yield: 4-4.3%.

Anyone who follows the residence permit rental market knows that the typical yield is 3%. We're able to squeeze 30-45% higher rental rates for residence permit investors. 3% and 4% may not seem like a big difference, but on average, a residence permit investor holds a property for 10 years (after 7 years, you can apply for a passport, plus the language exam, the process, and any delays, which adds up to 10 years). Over 10 years, the rent difference will be €30,000-40,000.

Completion: Completed.

Residence permit properties are often dismantled during the renovation phase, and it's very difficult for us to create demo properties and compile a catalog of completed properties. We've put several projects on hold and hope to present them to the general public in a month.

Above are examples of similar completed projects in February ("twins" and "1+1").

Risks: We minimize them through staged payments and penalties.

In Greece, there is no law or escrow account to protect investors, and there are no guarantees that the developer will be able to complete the project. For example, if a developer is building a building with, say, 30 apartments and only sells 5-10, they may simply not have enough funds to complete and deliver the project.

Our approach to residence permit properties (from €250,000):

1. Advance payment when we own the property, the secondary market, and the building itself has, of course, already been in operation.

Stage payment is the main portion when the project is ready, and penalties are waived if we are late. Or buy ready-to-move-in (rented out) properties.

2. Twin properties: 60-80 sq m (65-88 sq ft) spaces divided into two independent rental apartments, maximizing rental income.

3. 1+1 properties: two separate properties. One is sold for €250,000, subject to residency requirements. The second (a regular apartment, not subject to residency requirements) is offered at a 50% discount. The investor can sell the apartment, which is not subject to residency, after a year at market value.

4. Legal support for applying for and obtaining a residency permit, tax identification number registration, accounting services, property management, and maintenance. And, of course, everything is tailored to remote investment and ownership.

If this is relevant, please contact us with any questions regarding residency. Wishing you successful investments.