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The Global Properties aggregator offers a wide selection of listings for properties for sale in off-plan projects in Greece. To choose an option that fully meets your investment goals or personal preferences, follow this guide:
- Set filters: Open the advanced search system and use the filters to find properties within your desired price range, with the required area, number of rooms, location, construction stage and more;
- Sort listings: You can rank the search results by newest listings, price (ascending or descending), area, popularity or name;
- Contact the developer: The contact details of the sellers are provided in each listing. Call or message the developer directly for more information about the selected houses or apartments in Greece and discuss the deal;
- Minimum price for off-plan in Greece: USD [:min_price_usd:]
- Maximum price: USD 16.9 million
Adult foreigners without a criminal record who choose to buy off-plan in Greece can participate in the investment programme to obtain a temporary residence permit. Applicants are eligible for a five-year resident status if they invest:
- From EUR 250,000 in a property intended for renovation or conversion into a residential unit;
- From EUR 800,000 in a property located in Attica, Thessaloniki, Mykonos, Santorini or on islands with a population of over 3,100 people;
- From EUR 400,000 in a property located in any other region.
Buyers of property in Greece can include family members in their applications. Eligible family members include a spouse or registered partner under a cohabitation agreement in Greece, unmarried children under 21 years old (or under 24 if they are students), unmarried stepchildren under 21 who are under the main applicant's guardianship and the investor's parents and their spouse.
Off-plan properties in Greece
Foreign buyers are increasingly purchasing property under construction for both investment and personal use. One of the primary reasons for the rising demand is that the cost of such properties is often 20% lower than that of ready-to-move-in units. Additionally, most developers today use high-quality materials and modern technologies that comply with European standards for new projects.
Buying property under construction at the price of off-plan developers in Greece is an excellent option for investors seeking returns on their investments, as well as for buyers looking to live or vacation in the country. However, it’s crucial to carefully select the right project. Decisions should not be based solely on brochures or other marketing materials. It’s essential to research the developer's history, verify whether they have met deadlines in the past and review feedback from their clients.
Off-plan properties by developers in Greece for investment
Reasons to buy off-plan property for investment in Greece:
- Capital growth: Investors who close deals at the excavation stage typically earn an average of 20% of the initial property price when reselling after the completion of construction. However, many choose to hold onto the property longer to maximise capital growth, as real estate prices in Greece have steadily increased since 2017. In 2022, prices rose by 11.9% year-over-year and in 2023, by 13.4%;
- Quick payback: Purchasing off-plan real estate allows investors to recover their investment through rental income in a shorter period. The average rental yield for residential properties ranges from 4% to 8.5% per year, depending on the location. Since Greece is a popular tourist destination, rental income for local homeowners remains high and stable;
- Tax optimisation: Tax residents of Greece benefit from a favourable tax system. In addition to reduced property transfer rates, they can pay a fixed annual tax on global income of EUR 100,000. For family members of investors, the annual rate is reduced to EUR 20,000. Those without tax benefits are subject to a progressive scale, with a maximum rate of 45%;
- Possibility of obtaining citizenship: Investors who secure a residence permit can apply for a Greek passport after seven years of residency in the country. To qualify, they must spend at least 183 days per year in Greece. Foreigners are not required to renounce their original citizenship unless prohibited by the laws of their home country;
- Free movement within European countries: Foreigners who obtain residency through real estate investment are entitled to visa-free entry to Schengen countries, allowing them to stay for up to 90 days within 180 days.
New off-plan projects in Greece
The online platform Global Properties is specifically designed for buyers looking to purchase a home, commercial space or land abroad. It features an extensive catalogue of apartments and villas in Greece, updated daily, along with useful tools for effective searching, such as advanced filters, quick links, sorting options, a currency converter and an interactive map. Use the aggregator to find the best value-for-money property today!