if Greece reconsiders your investment …


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Despite continued disruption caused by Covid-19, including numerous travel bans and restrictions, Leptos Estates has, since the start of the year, achieved record bookings during the recently released new phase of its Aphrodite Seafront development in Crete. .

This was followed by strong sales at Santorini Villas on the scenic and touristy island of Santorini and at Paros Gardens, Paros.

The typical demographic of registered buyers are investors from Asia and the Middle East looking for a holiday destination in Europe, but Leptos says they have also registered a large number of inquiries from the UK. United.

“The Greek Islands provide a fantastic vacation destination for international investors looking for a property they can use, while also offering a significant rental return, if needed, when not in use,” Pantelis Leptos , co-chairman of the Leptos group of companies, said.

“Due to travel restrictions, we have seen a drop in inquiries from overseas, but the more attractive islands have remained popular with those still seeking and the recent phasing out of strict measures has sparked a renewed interest from parts of the world. “

The surge in Middle Eastern interest has been partly attributed to the recent opening of a travel corridor between Greece and the United Arab Emirates, implemented on May 18, with the agreement allowing citizens and residents of both countries to benefit from a journey without quarantine. corridor. They must prove that they have received the last dose of a Covid-19 vaccine or present a negative PCR test (no more than 72 hours before arrival).

The travel corridor gave potential investors the opportunity to visit various projects across the islands before committing to a purchase, which was not an option during the peak period of the pandemic. Greece and its islands remain on the UK’s orange list, but the current Foreign Office advice is against all but essential travel to Greece, with the exception of the islands of Rhodes, Kos, Zakynthos, Corfu and Crete , based on the current Covid-19 risk assessment.

However, those traveling will be required to self-quarantine upon their return for 10 days, with two tests booked prior to travel.

This might put off many, but even though people can’t make it in person, the Covid-19 pandemic has shown the usefulness of virtual visualizations and other technologies to help see and even buy homes. remotely.

Away from the UK, the Greek government is finalizing a “Green Pass” deal with Asian countries, such as China, Singapore, Hong Kong and Vietnam, with Greek Tourism Minister Harry Theoharis, saying that he hopes they can benefit from an EU bilateral agreement with these countries. However, if necessary, they would go ahead with their own initiatives.

“We are very happy that our proposal for the ‘green pass’ has been adopted by the European Commission and we hope for a speedy resolution of this initiative, ensuring that the legal and technical aspects are up to date to save the summer … Otherwise, the Greece will have to adopt its own rules and of course recognize the vaccination certificate of each European country, ”said Theoharis.

Another possible incentive for international investors is Greece’s Golden Visa program. One of the ‘most popular investment offers in the EU’, the program uses an investment residency visa model, issued to non-EU citizens who make a significant contribution to the Greek economy. As of the start of this year, Britons have been eligible for this visa as non-EU citizens.

There are several investment options, but comfortably the most common route – as is the case in Portugal and other places with similar programs – is to buy real estate worth at least 250 000 €.

The Golden Visa provides permanent residence for life to the applicant, spouse, children up to the age of 21 and parents of the main applicant and the spouse, which includes unrestricted travel within the Schengen area of ​​the EU. If the applicant spends 180 days a year in Greece, they can also apply for a European passport after seven years.

In addition, a new program launched recently offers investors the possibility of obtaining “permanent residence in Greece” immediately, without even traveling to the country, helping those who cannot travel due to the restrictions of Covid-19 in their country (as is the case with the UK now).

Leptos says there are a number of developments that are proving popular with international investors looking for vacation homes, as well as the opportunity to apply for the Golden Visa program. These include:

Aphrodite seafront, Crete

The award-winning Aphrodite Seafront is set in a prime location in Crete, offering magnificent views of the Mediterranean Sea and surrounding mountains, just minutes from a Blue Flag beach. The “unique development” is located in the prestigious district of Pirgos Psilonerou and displays a complex blend of design, comfort and construction, “inspired by the true essence of Mediterranean living, using locally sourced materials throughout”.

Residents can expect a mix of one, two, and three-bedroom apartments, panoramic penthouses with rooftop gardens, and three-bedroom maisonettes surrounded by landscaped communal and private gardens. Prices at Aphrodite Seafront start from € 285,000.

Investors - should Greece get back on your investment agenda?

Villas Santorini, Santorini

Comprised of two- and three-bedroom bungalows and two-story villas built to “superior standards”, these luxury residences “exemplify design and architectural detail, reminiscent of a Mediterranean seaside villa and one of the top tourist destinations. most glamorous in the world “. .

The Santorini villas are located on the east coast of the island, just 200 meters from the best sandy beach on the island, Monolithos-Kamari beach, and close to the Santorini caldera, one of the wonders nature of planet Earth.

Santorini villas prices range from € 428,000 – € 458,000.

Paros Gardens, Paros

Paros Gardens is a collection of one, two and three bedroom apartments, two and three bedroom garden villas and maisonettes, as well as “exquisite penthouses” with “spectacular panoramic views of the Mediterranean Sea”.

The ‘superb location’ combined with the carefully planned interior fittings and landscaping surrounding the communal gardens, clubhouse and swimming pools make the development an ideal investment or vacation home to enjoy all year round.

Prices at Paros Gardens range from 250,000 to 345,000 €.

Leptos Estates has over 50 projects available for sale including Aphrodite Seafront, Aegean Villas, Viglia Villas, Fournado Villas and Paparseni Athens. Future developments include Maleme Beach Villas, Costa Nopia and Nopigia Village.

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