THALATTA.realty is dedicated to large real estate projects related or being part. Such properties, often are intended for hospitality city or resort projects of an LCET (Luxury Curated Experience Touring) character, often including yachting investing, sometimes including condominiums associated to a hotel business. Large real estate investments in Greece often also refer to Athens or Thessaloniki housing or office developments and commercial projects and even urban inner city redevelopments, while many investments are intended as industrial spaces and logistics and industrial level storage facilities.
These type of projects, would attract very substantial co-financing, possibly equity financing and certainly Greek bank lending on extremely beneficial for the borrower terms, while any such financing would be greatly augmented via subsidised interest, subsidised wages and HSS related costs and a very dynamic, environment related and international promotion connected, subsidies’ program, financed by the GG (Greek Government) and the EU.
The TTUK team of experts would consult, advise and facilitate investors in every step of their Greek projects, including bank mortgaging or bank lending facilitation and GG and EU programs applications.
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Rethymno, Crete
RETHYMNON, CRETE, TWO SEMIDETACHED VILLAS + ONE DETACHED BANGALOW, POOL, GARDEN, 500 m. TO THE BEACH, BEAUTIFUL VIEW
This exceptional investment opportunity, on the south part of Rethymnon Prefecture, some 52 kl. drive from Rethymnon itself, close to iconic Adele, Preveli, Plakias and Agia Galini, all a short drive away and worth stopping-by and just 500 m. from the two fabulous Triapetra Beaches. The complex is comprised of two independent villa-type dwellings and one charming independent bungalow, all three fully furnished and equipped, with views of the sea and the surrounding area, with breathtaking Mediterranean dawn and sunset vistas.
This small complex is already operating for short holiday occupancy, on an AirBnB type format, producing substantial income and therefore, is ready to generate a very handsome income for the new investor, taking full advantage of Crete’s 10+ month tourism season and the proximity of the development to the cosmopolitan Venetian charm of Rethymnon itself, just 10 kl. away.
The first dwelling is a villa of 186 m2, across three levels and including a spacious storage space, on the first level. The second level features a cozy living room, a well-appointed kitchen, one (1) bedroom, and one (1) bathroom. On the third level, there are three (3) more bedrooms and an additional bathroom. The property unit is endowed with its private pool and its mature garden – a perfect oasis.
The second dwelling, is an 83 m2 maisonette of a well-designed layout. The ground floor offers a modern kitchen, a living room and a bathroom. Upstairs, there are two comfortable bedrooms sharing one other bathroom. Outside, this dwelling has its private pool, which together with its landscaped garden, is providing a serene Mediterranean atmosphere.
The bungalow of 42 m2, perfect for holidaying couples, offers one bedroom and one bathroom. Its outdoor space includes a private terrace and a charming small garden, offering a peaceful private spot to relax and unwind.
The complex could support a Greek Golden Visa application, if bought cash, but then, it would not be permitted to be operated as a business. If a Visa for ‘’permanent’’ residence is required, there are three different types of Residence visas in Greece and TTUK’s suggestion would be to look at them. Apart from the Greek Golden Visa, usually expensive (but TTUK can, still, offer some very limited, but very surprising € 250K+ and € 400K+ GGV opportunities). There is also the Greek three (3) year, renewable G-FIPV (Greek Financially Independent Persons’ Visa), obtained via a proof of personal income, such as pension or proven worth in Bonds or equivalent. G-FIP Visa is aimed at non-EU citizens, (like Britons, as well as other nationalities of similar circumstances), allowing unencumbered 3-year residency, renewable in 3-year increments, for the investor and his family and free access to the Schengen-Area, but strictly without permission of working (in person) in Greece. For more information please visit our www.thalatta.homes and look at the Relocate to Greece and Residence Permits in Greece sections.
The buyer could reside as long as its Residence Permit allows, with the option of letting the entire complex’s dwellings or just some of them, a few months each year or for the entire Cretan season – Crete having a 10-month season – as an AirBnB type rental. The mortgage would be repaid effortlessly, while the property would be gaining value every year passing.
Since you would be making use of a G-FIPV (Greek Financially Independent Persons’ Visa), the buyer if he or she is a physical person, mortgage of up to 65% of the value of this property, at 2.4% per annum, on a typical duration, is available for non-Greek nationals and non-Greek residents, applicants to any of the systemic and members of the ECB (European Central Bank) EuroSystem. If the buyer is a legal entity, for example a simple off-the-shelf UK company, then bank loan, probably on project-finance basis or an overdraft, would be available but on higher rates, typically in the environs of 5.5%.
THALATTA.homes would be happy to introduce you to – Bank of Greece (ECB EuroSystem) – licenced Mortgage Brokers and facilitate your application, at no charge, as part of our standard service.
All about the Greek Residency Visas
Relocating and residing in an EU country, bathed in sunlight and blessed with superb clean sea-beaches and worm climate, like Greece and being able to travel all over the EU unencumbered, is a wish of many, but it is not a free option of all who wish it. EU member countries’ nationals can do just this, as well as engaging in any form of business activities, while residing in Greece.
For non-EU member countries’ nationals, residing in Greece is less free, requiring a Residency Visa, such as;
Obtaining any of these three types of Greek Residency Visas, is perfectly possible and easily done, digitally by yourself or, as we strongly suggest, under expert guidance, provided locally by professionals, THALATTA.homes could introduce you to.
For Greek Residency Visas, please visit our www.thalatta.homes site or go directly to the appropriate section, https://thalatta.homes/residence-visas-available-in-greece/
Engaging in Businessing while a Greek Residency Visa holder
Having a Greek residency Visa does not automatically, enable one to engage in doing business in Greece (unless of course, one is a national of an EU member countries), but anyone, almost of any nationality, can do just that, through a Greek company, belonging to him personally or via a company of his, such as a UK registered LLC. Such a Greek company would be treated as any other Greek company, taxed at 22%, but equally so, being able to benefit from a multitude of EU and Greek Government support programs and subsidies.
For information regarding engaging in business in Greece, please visit our www.thalatta.homes site or, even better, go directly to the appropriate section, https://thalatta.homes/living businessing/
In Greece, it is common, unfortunate, practice that estate agents would attempt to receive commissions from both the seller and the buyer, something that most people and certainly TTUK, would consider a serious conflict of interest. Some may even often suggest that you use the same lawyer as the seller (‘’to save money and time’’) and (even worst) to use the same Notary Public. TTUK, a UK company and its UK-bread directors act and will act exclusively as Buyer’s Agents, i.e. would be looking after the interests of their clients – in this instance, the buyers.
All you would have to do, as it is your legal right, is to inform a seller’s agent, that you intent to engage a buyer’s agent and that your agent (TTUK, if you would so decide), would contact them to handle the process on your behalf. Alternatively, you could ask us to perform this task – and we would oblige readily. Most estate agents, would accept it and agree. A refusal would betray bad faith, in most people’s opinion.
Please, connect to arrange a TEAMS meeting.
SGCR-VI0312
Tripetra Beach (meaning three stones – look at the pics to understand why), is one more of the many spectacular beaches on the south part of the Rethymnon Prefecture. There are two long sandy Tripetra Beaches, both sides of a small bit of stony part protruding into the sea.
Tripetra is some 52 kl. of beautiful drive away, through the new road, connecting Rethymnon and the Northern part of Crete, through a delightful ravine, located amongst the iconic picturesque Adele, Preveli, Plakias and Agia Galini villages, by the sea and the many tavernas by the sea-shore or slightly up on the hill – all a short drive away and all worth stopping-by, with views of the sea and the surrounding area, with breathtaking Mediterranean dawn and sunset vistas.