The article provides an overview of the updated regulations related to the Greek Golden Visa program, focusing on the new property investment thresholds, tax obligations, and restrictions on renting properties in the sharing economy (e.g., Airbnb). One of the key updates is a prohibition on short-term rentals and subletting for certain properties.
As of September 1st, 2024, new changes to Greece’s Golden Visa program have raised the minimum investment threshold to €400,000. However, despite the new rules, investors can still purchase apartments in central Athens for €250,000 and qualify for residency.
One of the most notable updates is the reduction of the transition period for the new regulations. Previously, applicants had until the end of 2024 to comply with or adjust to changes in the program's requirements. However, with the new legislation, this transition period has been shortened to August 31, 2024, making it imperative for those interested in securing a Golden Visa to act swiftly.
Michael Albaum was just 23 when he began his real estate journey, eyeing a modest supplement to his engineering salary. Today, he owns 61 rental units and grosses $431,000 annually, illustrating the lucrative potential of real estate investment. His initial aim to manage one or two properties evolved into a diverse portfolio, reshaping his life and income.
Many beginner investors mistakenly believe that the cost of buying European property is solely the amount advertised as the purchase price. In this article, we will uncover all the additional expenses that accompany the process of acquiring European real estate.
The key to successful property investment, whether for living or ROI, lies in choosing the right neighborhood. Using Athens as a case study, we've developed a model to quickly assess its investment potential.
Have a rental vacation and get a side hustle? Sounds promising, but what about the time that goes by while managing it? After testing the most popularly selected Online Travel Agents (OTA) platforms we analyzed and measured the resources needed for a real estate management. We hope our research becomes a time saver for you so you can spend your precious time on more pleasant things.
If you’re looking for a simple and easy way to start investing in real estate without a huge cash investment, a Real Estate Investment Trust or REIT may be the answer. According to the National Association of Real Estate Investment Trusts (NAREIT), in October 2020, approximately 145 million Americans lived in households invested in REITs either through their 401(k) or through IRAs, pension plans, and other investment funds.
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