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The oldest company in Israel, with undeniable successes!
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GRE specializes in real estate entrepreneurship and development in Greece.
Project development, income-generating investments, hotels, villas, apartments, complexes, private lands, private islands, business development
These are just a part of what the company has to offer – while listening to the customer’s requirements and desires.
For our projects click here
“GRE” has experts who will accompany you throughout the entire process, including real estate agents, lawyers, architects, engineers, contractors, insurance companies, and management companies who will provide all your needs during project planning, before and after the purchase, and will ensure that the decisions you make are the best and most appropriate for you.
“GRE” is the oldest company in Israel and has been operating for over 10 years in establishing projects in Greece. Our team combines experts from both countries with their help, which will help you achieve your goals in the best possible way.
Under the “GRE” umbrella is a tourism company that sends over 5,000 tourists a year to Greece and helps its clients rent their properties, all managed under one roof.
The company’s flag carries values such as professionalism, listening, trust, thinking ability, experience, and leveraged relationships with all the necessary professionals.
The company provides personal attention to each of its clients, close support, and the most intelligent and intelligent service in everything related to buying real estate in Greece –
As an Israeli citizen.
Members of the Israel-Greece Chamber of Commerce
Company project
3 villas overlooking the sea, in the bay of Amosu on the island of Lefkada, Greece.
Click here for one of the results of the Amosu project .
Click here for another result of the Amosu project .
For a tourism and recreation site on the island of Lefkada, click here
For Serenity Boutique Hotel, click here
Real estate investment in Greece
In recent years, a new window has opened for Israelis to purchase cheap, high-yielding properties in Greece with good returns, relative to properties in Israel.
If in the past an Israeli citizen (a third country by definition in Greece) could not own real estate in Greece unless he had a Greek partner, today an Israeli citizen can own real estate in Greece in his own name in the land registry, what’s more, the ownership status in Greece and the method of registration is stronger than in Israel, where 93% of the land is leased from the administrator.
The beginning of the economic crisis from 2008 “in the subprime” until 2017 caused real estate prices in the major cities of Athens and Thessaloniki to drop by up to 70% from before the crisis. Today, in 2019, Greece, after 11 years of austerity policies (increasing VAT to 24% across the board on all products compared to a variable/progressive VAT that was much lower than before the crisis), is showing economic recovery and growth. Greece has stopped needing and using aid packages from the European Union and is showing growth in its GDP.
In countries in crisis, the recovery comes mainly from real estate, which comes largely from investments by foreign residents.
In 2017, there was growth of more than 8% compared to previous years, and experts predict an increase of 5.5% each year until 2021.
Greece currently has tremendous economic potential for high profits, especially in the tourism sector. Much of the EU’s aid money has been invested in this sector, as well as in high-tech, low-tech, food and beverages, biotechnology, infrastructure, and green energy.
Veteran and experienced real estate professionals recommend buying a property in Greece, investing in a vacation apartment in Greece, investing in vacation homes, and even buying a business (hotel/restaurant/bar) in Greece.
The Greek government encourages real estate investments in Greece by foreign investors. This encouragement is expressed in large tax breaks and the granting of visas to Europe. Today, a foreign citizen who invests over 250,000 euros in real estate in Greece and his family members are entitled to a “golden visa” that grants citizenship for 5 years (GOLDEN VISA), and an option to extend for another 5 years. The visa allows for full residence in Greece, free education, the possibility of running a business, etc.
For more information , click here .
The purchase tax currently stands at 3% and on sale – currently, (current regulations) there is a full exemption from capital gains tax in “private”.
Israeli investors have additional benefits such as cancellations of: income tax, capital gains tax, and more – all due to the signing of the treaty between Israel and Greece – preventing double taxation.
The tax treaty between Israel and Greece is a very unique tax treaty, similar to which Israel only has with France. Thanks to this treaty, there are unique and exclusive tax benefits between Israel and Greece. For more information, please contact one of our representatives at 04-6360664.
The accessibility to the property, the short distance (you can fly in the morning from Israel to visit the property and return to Israel the same day), gives you very good control over the property, which on the one hand is located in a country that is recovering in the European Union and on the other hand is very close geographically to Israel, the frequency of flights is very high, the flight prices are cheap, there is no need for a visa, all of this and more makes investing in real estate in Greece very attractive.
In addition, with the development of online rental platforms such as BOOKING, AIRBNB, etc., many are investing in vacation apartments, vacation homes, villas, and even hotels.
The tourism industry accounts for about a quarter of the Greek GDP (about 25%), about 32 million!!! tourists per year – a jump of 100%, every third Greek is engaged in tourism. If in 2018 over 30 million tourists visited Greece (an increase of about 10% minimum per year), the expectation is for about 50 million tourists in 2028, about 5 tourists for every Greek resident.
About half of real estate investors in Greece invest in Athens – the neighborhoods most sought after by investors in Israel: Kipseli, Omonia, Pisiri, Exarchia, Acropolis, Gazi, the Ilisia district, Syntagma, around the Acropolis and Plaka.
These neighborhoods, which during the crisis years were full of underprivileged people, are now being replaced by foreign immigrants who buy entire buildings, renovate them, and designate these structures for rental to tourism.
“Athens”, the capital of a member state of the European Union, with a distinguished history of over 3000 years, with unique historical centers, culture and unique tourist centers, certainly provide a perfect platform for investment.
The rest invest in islands such as Crete, Corfu, Lefkada, Evia, Paros, Mykonos, etc.
Attention should also be paid to the political direction that has emerged in recent years. A gas route that begins in Israel, passes through Cyprus, continues through Greece to Italy, strengthens the political and security ties between these countries and ensures neighborly relations with common interests.
For information on purchasing and investing in Greece, please contact one of our representatives and we will be happy to provide you with the best service in finding the best and safest investment in Greece according to your needs.
Idan Sarousi
Founder, CEO and owner of GRE Real Estate in Greece, specializing in the field for over 12 years.
Lefkada Island
In recent years, a wave of tourists and real estate investors has flooded the island of Lefkada – one of the Ionian Islands, in western Greece,
The island of Lefkada is located off the coast of Italy and is connected to the mainland by a bridge.
Until a year ago, the only way to get to the island of Lefkada was by flying to Athens and an amazing 4-hour drive through the Corinth Canal and the Intreo Bridge. You can combine a trip to the Peloponnese region and towns such as Nafplio, Xylokastro, or a flight to the city of Ioannina Parga and a drive of about an hour and a half to the island of Lefkada.
Additional combinations: fly to Corfu or Kefalonia and then take a ferry, or fly to Thessaloniki, about a 4-hour drive away.
In the past year, there have been direct flights from Israel to the airport in the resort town of Preveza, which is located about a 15-minute drive from the entrance to the island of Lefkada, which has increased real estate purchases and tourism in Lefkada.
At the entrance to Lefkada near the bridge is located Mavra Castle – a wonderful place to walk with children,
Lefkada Town is full of taverns, restaurants, cafes, bars and a beautiful marina.
The island of Lefkada is characterized by amazing beaches, led by Porto Katsikis in the west of the island – which has been awarded the title of the most beautiful beach in Greece.
In the east of the island is the town of Nidri with a magical harbor, restaurants, taverns, hotels and the famous waterfall.
It is recommended to take a cruise that departs to Porto Katsiki, Kefalonia, Scorpios, Sparti, Kastri, Ithaca, Magnisi (in the cave) and ends in Madouri with docking and swimming.
In the south of Lefkada is the town of Vasiliki – the place for windsurfing and kite surfing, on the beach there is a promenade with local taverns.
Romantics are also recommended to visit Agios Nektitas – stunning and romantic.
And a visit to the mythological old woman in Horta.
For the Lefkada Island website – click here.
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