Greece has long been a sought-after destination for travelers, retirees, and investors alike. For Israeli investors, the allure of Greece extends beyond its rich history and stunning landscapes. With favorable tax regimes, a robust real estate market, and the opportunity for EU residency, Greece presents compelling reasons to consider property investment.​Golden Visas 

1. EU Residency Through Real Estate Investment

Greece's Golden Visa program offers a straightforward path to EU residency. By investing a minimum of €800,000 in real estate, investors and their families can obtain a five-year residency permit. This visa provides the freedom to live, work, and study in Greece, with no minimum stay requirement, and allows for visa-free travel within the Schengen Zone. ​

1. Favorable Tax Regimes for Foreign Investors

Greece offers several tax incentives that make it attractive for foreign investors:

• High Net Worth Individuals (HNWI) Regime: Investors who transfer their tax residency to Greece and invest at least €500,000 in real estate can benefit from a flat tax rate of €100,000 annually on their worldwide income. 

• Foreign Pensioners Regime: Retirees receiving foreign pensions can benefit from a flat 7% tax rate on their pension income for up to 15 years, provided they transfer their tax residency to Greece. ​

• Capital Gains Tax: Greece imposes a capital gains tax on the rent of property. The tax rate is 15% on profits up to €12,000, 35% on profits between €12,000 and €35,000, and 45% on profits exceeding €35,000. However, if the property has been owned for more than five years, the taxable margin is reduced by €25,000. 

3. Transparent and Secure Real Estate Transactions

Greece's real estate market is characterized by transparency and legal safeguards. The Land Registry ensures that properties are free from encumbrances, and transactions are conducted through notarial deeds, providing legal certainty to buyers. Additionally, the process of registering property is efficient, particularly in urban centers like Athens.

4. Potential for Rental Income

Greece's thriving tourism industry offers lucrative opportunities for short-term rentals. Properties in popular destinations like Athens, Crete, and the Cyclades can generate substantial rental income. The tax rate on rental income for individuals ranges from 15% to 45%, depending on the amount earned. For legal entities, the tax rate is a flat 29%

5. Capital Appreciation and Market Stability

The Greek real estate market has shown resilience, with property values in key areas like Athens experiencing steady growth. Investors can benefit from capital appreciation over time, especially in well-located properties. Moreover, Greece's integration into the EU provides economic stability and access to a broader market.​