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.
The modern trend of relocating to warmer and sunnier places, started in the US and it is now becoming a strong European trend. Many Europeans and European-minded people, are relocating to the south of Europe, for longer and warmer days, sunnier places and proximity to the sea – the Mediterranean Sea, for a life always secure and in the centre of European culture and life-styles. And not only for retirees or semi-retirees, but also for young people, with entrepreneurial spirit and an aptitude towards a singularly more relaxed working pace, combined with a positively vibrant life-style, by the Sea. The Sea, the Sea, always the Sea!
Relocating to the joys of the Med for retiring or never retiring people, is enticing not only because of the economies in living costs or the climate, the food and the fun-living, but also as an investment. And it doesn’t have to cost you all your savings. A western relocator to Greece, with a usual credit history, could get a 60% mortgage-type finance for a dream HITS – or for any property acquisition required for a revenue generating business – from one of the Greek high-street banks. And you will not only own a property in one of the sunniest and loveliest places on earth to live and enjoy, but your property in Greece, one of the fastest rising European property markets, would probably turn out to be your savviest investment, after your first home, back home!
A typical western retiree, if would transfer his or her pension-tax-residence to Greece, then the pension-tax paid, would only be 7% and if anyone decides to move his or her personal tax-residence to Greece, they would only have to pay 10% on all their taxable income, earned anywhere in the world, as per international and all-European agreements.
It may be worth keeping in mind, that since you could invest on a HITS, not just in person, but through a newly established Greek company, owned by you, your Greek company and your abode of choice could be allowed not only to be an AirBnB-type rental-income-generating property. It would be offering added benefits in the form of off-tax expenses, like travelling costs of your Greek LLC Board of Directors’ Members (yourself and your family members?). The option to buy a property in Greece in the name of a Greek company, which could be owned by a UK company, would be the ideal choice for Britons wishing to live permanently in Greece, without having to acquire a Greek Golden Visa.
Any EU member state’s national, can freely relocate to Greece and buy property to relocate to and live in Greece for as long as one wishes. And any EU member state’s national can establish a Greek company in Greece and enjoy all EU & GG (Greek Government) support programs, available to all Greeks.
UK, USA, Canadian, Australian etc. nationals, they can too, own property in Greece and/or establish businesses in Greece, but in order to be able to reside on ‘’permanent basis’’, say five years, as a Schengen-Visa-free Greek resident, they would have to follow the GGV (Greek Golden Visa) procedure, which includes investing in Greece, usually € 800,000 for most desirable Greek locations or € 400,000 for locations in small islands (very small islands) with less than 3,100 permanent inhabitants.
But, anyone of the nationalities mentioned above, as well as others, could establish, run and manage a Greek company, while owning their dream HITS, been typically free to reside in Greece – on tourist entry, together with the extensions possible – for up to six months, which with numerous entries in the between, could result to a quasi-permanent visa. Again, they would need a GGV to be able to enter, to reside freely and move freely to any other EU country. Incidentally, the Greek government, anticipating that such higher demand for Greek properties would lead to big rises in home prices, and the subsequent problems this would create for Greek first-time home buyers, offers subsidised mortgages for Greeks, up to 50year-old-young, by making available to first-home Greek buyers, 2% annual interest mortgages. Your new HITS in steadily cosmopolitan Greece, would be in a country of a well thought-after strategy and thoughtfully cared and regulated social environment.