Thanks to foreign investors, Greece’s real estate industry is flourishing. In 2022, foreign investors in real estate boosted their investments by 61%. Foreign corporations purchased 80–85% of all real estate.
Homes for seniors, cottages, luxury residences, and holiday lodging are all in extremely high demand.
Purchasers of commercial property in Greece
The majority of buyers of real estate at the moment come from German-speaking nations like Germany, Austria, and Switzerland. The Greek bank claims that between 2017 and 2021, Chinese investors spent €1.2 billion on commercial real estate in Greece, and businesspeople from Hong Kong spent €973 million on office buildings. Additionally, the Greece Golden Visa scheme allowed entrepreneurs from outside the eurozone to purchase property for €3,27 billion.
Get into commercial real estate
Here are the steps to take to launch a commercial real estate company in Greece and take advantage of the country’s expanding market and foreign clientele.
Set your goals
Spend some time assessing and prioritizing your long-term plans before you get started. Thinking through your economic, social, and individual ambitions is necessary since they will affect how you launch and grow your real estate trading company. It is impossible to exaggerate the significance of this procedure. Investment professionals can take action by setting goals in addition to helping them stay focused.
Perform extensive research
A great company strategy is always followed by extensive market research that pinpoints a particular niche, geographic market, and prospective rivals.
Take a look at average housing and rental pricing, learn about local facilities, and, most importantly, don’t be hesitant to seek outside of your immediate area. This procedure can be aided by conducting online research, attending meetings and events, and even finding a mentor. Always keep in mind that the more study you conduct right away, the more equipped you’ll be to begin creating your strategic plan.
Get your finances in order
There are various ways to invest in property trading without putting any money down, but that doesn’t mean you shouldn’t first assess your financial situation. A lender may likely ask you for details about your financial background when you approach them. Review any credit lines or assets you have before investing.
Create your business plan
Once you’ve done enough research, you should already be forming thoughts in your head about precisely what will make your company successful in your industry. Develop a company approach that capitalizes on the knowledge and tools you choose to employ.
Obtain the license
Greece Has Strict Legal Requirements for Offering Estate Agency Services. Offenders Face Administrative and Felony Penalties. Hire a qualified attorney to help you set up your company to be in a safe place. You must receive the necessary licenses and licenses to work legally in the nation. Before beginning any company function in the nation, any foreign realtor is required to obtain a residency permit.
Register your business
The time to register your business has come after all of your preparations. Although there are other organizational structures available for agencies, the limited liability firm is the most common in this situation. Investors can buy and own property through the framework without taking any personal risk. Before sending the request form, all requirements and fees related to forming an LLC must be satisfied. Along with the application, the applicant must also submit their financial accounts, tax information, and company and owner information.
Start marketing
A good marketing plan sets you apart from the competition. A logo, fundamental values, and a tagline can be chosen at this time. These elements will act as a trampoline for your promotional materials and help guide how you communicate with potential clients.
