Why Real Estate Investing In Greece Is A Great Idea Now
Real estate investing involves purchasing, ownership, management, rental, and sale of real estate for profit. Investing in real estate in Greece which is a great destination right now is one of the most profitable things for anyone to do.
There are lots of good and beautiful and cheap buildings in Greece that you can invest in. The best time to invest in real estate in Greece is now as there have been some changes that will benefit you.
VAT Elimination On Real Estate Investment
One of the major reasons people refuse to invest in other countries’ real estate is the payment of Value Added Tax (VAT). The current government of Greece has taken a good step in encouraging foreign investors. The Greek government has declared that there will be no payment for VAT on real estate investment for the next three years. With this new policy, Greece’s real estate investment just became a goldmine waiting for anyone to dig.
Greece Is Rich In Tourists And Visitors
Greece is, by no doubt, one of the most beautiful countries in the world. Every year hundreds of tourists come to visit Greece due to its exquisite landscape and beauty. The development of the tourism business entails the active rental of real estate. And considering that well-off tourists are willing to pay for a comfortable holiday, Investing in real estate in Greece is very profitable as lots of tourists will be booking your properties and staying there during their visit, which in turn provides you with lots of money that you can also use to invest in more properties.
The Economy Of Greece Is Recovering
It is part of the global news that the economy of Greece experienced a downfall. But now, Athens, the capital city of Greece, is slowly back on the rise. As the Greek economy is rising and moving faster, it positively affects all aspects of the economy. Because businesses are still recovering, investments are no longer expensive. So you can invest in real estate at a cheaper price. As the economy grows, you start to enjoy the benefits of an increase in your investments’ value.
Unlike other countries where their money’s value is not stable, Greece has a stable currency. Greece is a member of the European Zone and under the supervision and control of the independent European Central Bank. They help the country maintain stable price and currency stability as inflation is constantly maintained. It makes investing in real estate a good idea as there is no fear of inflation or unstable land prices and buildings.
Properties in Greece are cheaper than properties in other countries. With a small amount of money, you can invest in real estate and expect a huge profit. The capital city of Greece, Athens, is one of the best cities to invest in real estate as it has lots of low prices buildings than other cities in Greece. Low prices are the biggest factor for investing in any real estate because you have guarantees that you will make profit. If you’re looking for the right property to invest in, take a look at rrcorfurealestate.com.