Thalatta.realty is dedicated to large real estate projects related or being part of any business investment, big or small. 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 types 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.
Anyone who owns a property in Greece, either in person or through a Greek company belonging to him and/or to a company belonging to him, can use this same property, as a part-business vehicle for, possibly, an AirBnB-type business.
AirBnB type income is a good way to pay for a home’s (and its garden) maintenance and up-keep and there would be enough to sustain a good annual income. Many European owners of second homes in Greece, chose to go back to their home in much cooler temperatures’ countries, during the high and very hot season. Most of them are opting to rent their HITS, as an AirBnB, during their absence, contracting AirBnB specialist managers to operate it. Sach specialists may charge from 15% and up to 25% on the rental income they generate, but they often guarantee a certain level of annual income. On the positive side, they can take care of everything, administration, taxes and bills included and you would be earning a very handsome income. Often, such an income, is accepted by banks in Greece, as a collateral, in cases you would have liked to borrow and invest in another Greek property of the same characteristics and business options.
Suffice to say, you could do this business yourself, setting up yourself as a Greek Limited company and making a business out of offering same services to other non-Greek owners of suitable properties. There are significant aspects of maintenance you may have to bear for your Greek AirBnB property, like having the cost of improvements, redecoration etc., but they can all be off the company’s taxes.
It must be noted, that properties bought in connection with an application for GGV by non-EU nationals, in person or through a Greek company owned by them, are prohibited of being used as AirBnB properties.