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100m from the Aegean: The Essential Benefits of a Summer House near the Sea

In the quest for the ideal summer retreat, few settings can rival the enchanting allure of a home just 100m from the Aegean Sea. The combination of the sea breeze and natural serenity creates an environment that’s both invigorating and soothing—a perfect escape from the hustle and bustle of everyday life. Backed by compelling data and research, here are the key reasons why such proximity to the sea is not just a luxury but a transformative experience for those who choose to make it their home.

Lifestyle Enhancements

Recreational Opportunities

Living just 100 meters from the sea opens up a world of recreational activities. Whether it’s morning jogs on the beach, sunset swims, or leisurely walks along the shore, the proximity to the sea makes it easy to incorporate outdoor activities into your daily routine, contributing to both physical health and mental clarity.

Social and Cultural Engagement

Beachside communities such as Nikiti often have a vibrant social scene with local markets, festivals, and events that bring together residents and visitors. This fosters a sense of community and offers diverse opportunities for cultural engagement and entertainment.

Environmental and Aesthetic Value

Enhanced Property Value

A home near the Aegean Sea is not just a lifestyle choice but a sound investment. Properties close to the water historically appreciate faster due to their desirable location. According to real estate analysts, coastal properties can see an appreciation rate 40-50% higher than inland homes, offering significant economic advantages to homeowners looking for both personal enjoyment and long-term financial gains.

Sustainable Living

Coastal properties encourage a lifestyle that is closer to nature. With opportunities for eco-friendly practices such as solar power and sustainable gardening, residents can live harmoniously with the environment, minimizing their carbon footprint while enjoying the natural bounty of their surroundings.

The Healing Power of the Sea

Therapeutic Benefits

The sea is not just a picturesque backdrop; it offers tangible health benefits. Studies show that living near the sea can significantly improve mood and reduce stress, thanks to the fresh, salty air rich in negative ions. One study by the University of Exeter found that people living closer to the coast report better general and mental health. Residents can enjoy these benefits daily, starting each day refreshed and invigorated by the gentle Aegean breeze.

Natural Soundscapes

The rhythmic sound of the waves offers a natural form of white noise, known to promote better sleep and reduce anxiety. According to a report by the World Health Organization, the consistent sound of waves helps lower cortisol levels and enhances relaxation. For those seeking a peaceful retreat, the constant lullaby of the sea creates an unmatched atmosphere of calm and relaxation.

The Darion Complex: A Prime Example

Darion Complex embodies all these benefits and more. Nestled just 100 meters from the serene waters of the Aegean Sea in the picturesque town of Nikiti, this luxurious development offers residents not just a home, but a lifestyle enriched by the natural and cultural treasures of the region. With state-of-the-art amenities like a modern pool, children’s playground, outdoor gym, and property maintenance services, Darion Complex is designed to maximize the joys of coastal living while ensuring comfort and security.

The interiors of each residence reflect a commitment to quality and elegance, with air conditioners in every room, high-quality kitchen and bathroom furnishings, and thoughtful features like aluminum frames, double glazing, electric blinders, and window fly screens. The integration of eco-friendly technologies such as solar water heating and automatic garden watering systems further underscores Darion Complex’s dedication to sustainable luxury.

In conclusion, choosing a home just 100 meters from the Aegean Sea offers a unique blend of wealth and health benefits, lifestyle enhancements, and environmental harmony. For those seeking a sanctuary that captures the essence of coastal living at its finest, the Darion Complex stands as a perfect choice—a place where the Aegean breeze and serenity are not just occasional delights but a constant, enriching presence in your life.

 For more information on our projects and how they can serve your investment needs, visit our website and follow us on Instagram: @solid_development.gr and Facebook: Solid-development.

A Home Away from Home: Buying Vacation Property in Nikiti

In the enchanting village of Nikiti, located on the Sithonia peninsula in Chalkidiki, the merging of breathtaking natural landscapes with the allure of serene coastal life creates a perfect haven for those looking to invest in a vacation home. Recognized for its pristine sandy beaches and clear turquoise waters, Nikiti not only offers a picturesque retreat but also presents lucrative investment opportunities, particularly in the vibrant real estate market. Solid Development, with its latest projects like the Darion Complex and Artion Residence, is at the forefront of delivering premium living spaces in this idyllic region.

Why Nikiti is Your Next Investment Destination

Economic and Cultural Appeal

As Greece recovers from its financial downturn, areas like Nikiti have seen a revitalization in their real estate markets. Prices remain comparatively low against broader European standards, offering ample room for appreciation. Solid Development leverages this potential by crafting properties that cater to both aesthetic allure and functional living, ensuring investors receive maximum value for their purchases.

Legal and Financial Incentives

The Greek government has implemented favorable policies to attract foreign investment, including the Golden Visa program, which offers a renewable five-year residency permit by investing a minimum of €250,000. This initiative makes Nikiti an even more appealing option for non-EU investors looking for both a vacation home and a foothold in the European real estate market.

Accessibility and Convenience

Located just about 100 kilometers from Thessaloniki and its international airport, Nikiti is easily accessible for international buyers. This convenience is complemented by the comprehensive services provided by Solid Development, which include legal guidance, property management, and after-sales support, simplifying the buying process for foreign investors.

Steps to Purchasing Your Dream Vacation Home in Nikiti

1. Understanding the Market

Solid Development provides investors with detailed insights into the local real estate landscape, highlighting why Nikiti’s properties are not just purchases, but investments in a lifestyle. With projects positioned strategically to enhance accessibility to local amenities and natural attractions, the company ensures that each property offers both comfort and profitability.

2. Navigating Legal Waters

Engage with local experts in real estate legal matters to smoothly navigate the complexities of Greek property law. From securing clear titles to understanding tax implications, our team ensures a transparent and secure transaction process. If you don’t have an expert in Greece let us guide you and link you up with our trusted partners.

3. Financial Structuring

It is crucial for potential buyers to understand all associated costs upfront, including transactional taxes, legal fees, and potential financing options. Being fully informed about these financial aspects helps in making a sound investment decision. Buyers are advised to explore personalized financing solutions through reputable financial institutions to streamline the purchase process.

4. Visiting and Experiencing Nikiti

We believe in the importance of experiencing Nikiti firsthand. We encourage potential buyers to visit, offering personalized tours of our properties and the surrounding locale, allowing investors to see the potential of their investment up close.

5. Property Management Services

For investors not residing in Greece permanently, comprehensive property management services are available to help maintain their properties. Our services include upkeep of the property’s exterior, such as garden, pool, and common areas maintenance, ensuring that everything is in top condition. This ensures your property not only remains appealing but also continues to generate income in your absence.

Solid Development’s Commitment to Excellence

At Solid Development, we understand that buying a vacation home is a significant decision that goes beyond simple transactional dynamics. It’s about creating lasting memories and ensuring sustainable returns on investments. Our latest projects,  Darion Complex and Artion Residence, exemplify our commitment to quality and client satisfaction. These complexes offer modern amenities, strategic location advantages, and designs that blend seamlessly with the natural beauty of Nikiti.

Conclusion

Investing in a vacation property in Nikiti through Solid Development is more than just securing a home; it’s about investing in a lifestyle that promises both personal enjoyment and financial growth. The strategic location, coupled with the rising appeal of Nikiti as a tourist destination, makes our properties ideal for anyone looking to capitalize on Greece’s flourishing real estate sector.

Solid Development offers you a variety of housing options to choose from in the thriving area of Nikiti, Chalkidiki with our latest projects Darion Complex and Artion Residence. For more information on our projects and how they can serve your investment needs, visit our website and follow us on Instagram: @solid_development.gr and Facebook: Solid-development.

Golden Visa Price Increase: How to Secure Your Greek Visa before the Surge

With the Greek Golden Visa program set for significant updates on March 31, 2024, the investment landscape in Greece is on the brink of transformative change. The new investment thresholds, set the prices to €400,00 for the previously €250,000 areas and €800,000 to the previously €500,000 areas(Athens, Thessaloniki and large islands). The change is tailored to both diversify the investment across the nation and address housing affordability​​​​. This adjustment not only underscores Greece’s appeal as a prime investment destination but also its commitment to balancing economic growth with societal well-being.

A Transitional Opportunity: Act Before the Surge

The upcoming changes introduce a golden window for investors. With a transitional period allowing for applications under the current threshold until December 31 which means the property must be bought before September 21, 2024, the time to act is now. This period offers a strategic advantage to secure a valuable investment at a more accessible entry point​​. Solid Development offers you a variety of housing options to choose from in the thriving area of Nikiti, Chalkidiki with our latest projects Darion Complex and Artion Residence. Investing before the aforementioned date in Chalkidiki means getting the golden visa with a €250,00 investment which is significantly lower than the potential €800,000 one must pay in other areas after December 31.

Beyond Residency: A Lifestyle and Investment Fusion

Investing in Greece through the Golden Visa program transcends mere residency. It’s an investment in a lifestyle, rich in culture, history, and beauty, coupled with tangible benefits like access to high-quality healthcare and education. The possibility of acquiring Greek citizenship after seven years presents a long-term benefit worth considering​​.

Embrace the Future with Solid Development

Our latest ventures, embody our commitment to providing luxury real estate that doubles as a prudent investment. These developments are strategically located in Nikiti to appreciate in value, ensuring that our clients not only secure their Golden Visa but also invest in a property that promises growth and sustainability.

Conclusion: Golden Visa A Strategic Move

As the Greek Golden Visa program evolves, Solid Development remains at the forefront, guiding investors through these changes. Our expertise ensures that our clients make informed, strategic decisions that align with their investment goals and aspirations for a life in Greece.

Invest with Solid Development to secure not just a piece of Greek real estate, but a gateway to a future filled with opportunities. For more information on our projects and how they can serve your investment needs, visit our website and follow us on Instagram: @solid_development.gr and Facebook: Solid-development.

Source: Forbes

Investors Surge: Greek Golden Visa Applications Quadruple

In recent years, Greece has emerged as a beacon for global investors seeking not just the warmth of its Mediterranean shores but a passage into the European Union’s expansive embrace as well. The Golden Visa program, a golden gateway offering residency—and a coveted EU passport—to those investing in Greek real estate, has seen an unprecedented surge in interest. This article from Solid Development delves into the remarkable rise in applications, the transformative impact on Greece’s real estate landscape, and the future prospects for investors and the nation alike.

A Quadruple Leap in Pursuit of the Mediterranean Dream

The allure of Greece as a destination for investment and residency has quadrupled, as evidenced by the exponential increase in Golden Visa applications. From a modest 1,997 applications(of which 1.826 were approved) in 2021, the numbers soared to an astonishing 8,516 in 2023. This dramatic rise underscores a burgeoning confidence in Greece’s economy and the unmatched value the Golden Visa program offers. Remarkably, seven out of every hundred housing transfers in Greece last year were linked to this program, with investments hitting the €2.5 billion mark—a testament to the program’s significant impact on the nation’s real estate sector.

A Diverse Array of Global Investors

Greece’s welcoming arms have attracted a diverse group of international investors, with the majority hailing from China, followed by notable interest from Turkey, Lebanon, Israel, and Iran. This demographic diversity not only enriches the cultural tapestry of Greece but also strengthens the nation’s position as a cosmopolitan hub within the European Union. These investors are drawn not only by the potential for lucrative real estate ventures but also by the promise of mobility and freedom within the 27 EU countries.

Navigating Changes and Embracing Opportunities

As Greece prepares to refine and expand the Golden Visa program, potential investors and the real estate market stand on the cusp of new opportunities. The program’s success signals a robust demand for Greek real estate, promising substantial returns for those willing to embark on this Mediterranean adventure. The planned changes aim to streamline processes and enhance the attractiveness of Greece as the ultimate destination for those seeking a blend of cultural richness, economic stability, and access to the European Union. Northern Greece and especially Chalkdiki seem to rank high in demand the later years, especially for investors searching for summer housing.

Conclusion: A Beacon of Prosperity and Cultural Richness

The Golden Visa program has not just transformed the landscape of Greek real estate; it has reinvigorated Greece’s image on the global stage as a land of opportunity and cultural wealth. For the Greek construction industry, this surge in interest and investment is a golden opportunity to showcase the quality, innovation, and beauty of Greek architecture and design. As we look to the future, Greece stands ready to welcome global citizens seeking not just a piece of property, but a share in its vibrant history, dynamic present, and promising future. For investors, the Golden Visa represents more than an investment in real estate; it’s an investment in a lifestyle, in mobility, and in the rich tapestry of European culture and history. As Greece continues to enhance and promote this program, the nation reaffirms its position as a welcoming, strategic, and invaluable gateway to Europe.

Invest with Solid Development:

Solid Development offers a rare investment opportunity for those interested in a golden visa and high quality real estate in Chalkidiki. Our latest project,  Artion Residence, embodies this philosophy. To stay updated on the latest in luxury living and sustainable development in Nikiti, follow us on Instagram@solid_development.gr and Facebook: Solid-development.

Secure Your Spot in Nikiti’s Finest Apartment Complex: Artion Residence, Chalkidiki

In the heart of Nikiti, Chalkidiki a gem is waiting to be discovered, Artion Residence. This new project by Solid Development S.A. promises not just a home, but a lifestyle that resonates with modern elegance, convenience, and top-tier quality.

Location, Location, Location

Artion Residence from above

Nestled in the picturesque town of Nikiti, on the second peninsula of  Chalkidiki, Artion Residence boasts a prime location. Imagine living just 500 meters away from the serene sea and a mere 250 meters from the bustling town center. Whether you’re in the mood for a beach day or a town stroll, everything you need is within a short walk from your doorstep

Amenities That Elevate Living

Artion Residence is more than just an apartment complex; it’s a community. With 36 meticulously designed apartments, residents can enjoy a plethora of amenities:

  • Dive into one of the 2 pools for a refreshing swim.
  • Let your children play safely in the dedicated playground.
  • Host gatherings at the barbecue area.
  • Benefit from ample parking slots, ensuring your vehicle’s safety.
  • Utilize the additional storage space for all your needs.
  • Enjoy the convenience of property maintenance services, ensuring your home always looks its best.

Solid Development: Building Dreams, Not Just Buildings

At the heart of Artion Residence’s excellence is Solid Development S.A., a beacon of quality construction and design. With a team of experienced architects, engineers, and designers, Solid Development ensures that every project is a harmonious blend of aesthetics, functionality, and top-notch quality.

What sets Solid Development apart?

  • Quality Over Quantity: Every project emphasizes quality construction, aesthetic architectural design, and unmatched functionality.
  • Experience & Expertise: The company’s seasoned executives and specialized partners guarantee projects that meet modern specifications.
  • Timely Deliveries: Solid Development prides itself on completing properties within the predetermined time.
  • Innovation at its Best: The company is always on the lookout for new materials and technologies, ensuring that their projects set the standard in the industry.

In Conclusion

Investing in Artion Residence is not just about acquiring property; it’s about securing a future filled with comfort, convenience, and luxury. With its prime location, top-tier amenities, and the trustworthiness of Solid Development, Artion Residence is undoubtedly the smartest investment choice.


Take a look at Solid Developments’ latest projects Luxury Villas in Vourvourou and Artion Residence in NikitiChalkidiki. Contact us for more information.

The Power of the Greek Golden Visa: Unraveling a New Era of Sustainable, Affordable and Efficient Real Estate Investment in Greece

Recent years have seen a surge in demand for Residency by Investment programs (RBIs) in the European Union (EU). Despite various options available, the potential closure of Portugal’s Golden Visa program has thrust Greece, Spain, Malta, and Latvia into the spotlight as the remaining potent contenders. Today, we invite you to discover why Greece’s program, with its unique advantages, emerges as the prime choice for investors, particularly with an eye towards sustainable real estate investment.

Interestingly, Greece and Spain have granted nearly equal numbers of Golden Visas, marking them as formidable contenders. However, subtle nuances make the Greek program a more beneficial prospect for potential investors. One such factor is its sustainability, setting it apart from the rest, especially in comparison with Spain’s faltering real estate option.

Spain’s political sphere is leaning towards discontinuing the real estate option under their Golden Visa program, which in turn enhances the appeal of Greece’s robust program. Greece’s recent modifications to its Golden Visa program have rendered it more resilient and shielded from potential housing crises, an aspect that its Spanish counterpart can’t match.

A remarkable testament to Greece’s economic resilience is its successful recovery from a decade of financial turbulence. Greece’s housing sector has proven to be more stable than Spain’s, boasting a Compound Average Growth Rate (CAGR) of 21.4% between 2017 and 2021, far exceeding Spain’s 40% CAGR.

Investing in a Golden Visa for real estate isn’t just about choosing a country and program, it involves identifying a safe environment with solid property appreciation potential and a vigilant approach to avert potential housing crises that could detrimentally impact your investment. Greece’s recent tweaks to its Golden Visa have only reinforced its stability within a flourishing investment environment.

Beyond sustainability, Greece steals the show with affordability too. Greece’s real estate investment threshold stands at a reasonable €250,000, a stark contrast to Spain’s steep requirement of €500,000. Whether your investment sights are set on vibrant Athens, cultural Thessaloniki, exotic Mykonos, or picturesque Santorini, even with the higher minimum investment of €500,000, you’ll find savings on property taxes that are a flat 3% in Greece, as opposed to Spain’s range of 6% to 11%. Furthermore, Greece’s additional Golden Visa investment options of setting up a business or investing in financial products remain budget-friendly at €250,000 in most cities such as Chalkidiki .

But Greece doesn’t stop at just being sustainable and affordable; it triumphs in efficiency as well. The Greek Golden Visa application procedure is one of the simplest and quickest in the world of investment migration. Aided by a new online application portal, the process has been expedited even further. The Greek Golden Visa has rightfully earned its position in the Henley & Partner’s Residence Program Index as one of the fastest residency by investment programs globally.

The Greek Golden Visa also outperforms by centralizing the process. All procedures are conducted locally, thus minimizing bureaucratic interference and delays, unlike Spain’s Golden Visa that might hinge on its embassy’s processing capacities depending on the applicant’s chosen method and location for application. The high rejection rate of Uniform Visa Applications by Spanish embassies (9.26%) further underscores the streamlined efficiency of Greece’s 4.91%, further simplified by the exclusion of Greek embassies from the process.

For aspirants seeking to establish their roots in the EU and pursue citizenship, the journey towards naturalization under the Greek Golden Visa is faster than Spain’s, with the exception of certain nationalities qualifying for quicker naturalization in Spain.

To sum up, Greece’s Golden

Take a look at Solid Developments’ latest projects Luxury Villas in Vourvourou and Artion Residence in NikitiChalkidiki.

How to Invest in the Right Property in Chalkidiki

Are you considering purchasing state-of-the-art property in Chalkidiki ? You’re not alone. According to recent data from the Bank of  Greece, the number of property transactions in Greece increased by 5.5% in the first quarter of 2021 compared to the same period in 2020, with the highest demand for properties in coastal areas like Chalkidiki. The trend continued in 2022 and expectations for 2023 are even higher. In this article, we’ll provide tips and advice on how to choose the right luxury property in Chalkidiki.

Understand your needs and preferences:

The first step in choosing the right summer resort property in Chalkidiki is to understand your needs and preferences. According to a recent survey by the National Association of Realtors, the most important factors for deluxe property homebuyers are privacy, security, and exclusivity. Consider your lifestyle and interests, and make a list of your must-haves and nice-to-haves to help narrow down your options.

Research different neighborhoods and properties:

Once you have a clear idea of your needs and preferences, it’s time to research different neighborhoods and properties in Chalkidiki. According to the Hellenic Statistical Authority, the most popular areas for property transactions in Chalkidiki are Kassandra and Sithonia, which offer stunning beaches, natural beauty, and a rich cultural heritage. Look for properties that are located near local amenities and attractions, such as restaurants, shopping, and entertainment. Our advise is NikitiChalkidiki in Sithonia, click to see why.

Work with a trusted real estate agent or Construction Company:

When it comes to choosing property in Chalkidiki, it’s essential to work with a trusted real estate agent or construction company who can guide you through the process. To ensure that you’re working with a reputable construction company, ask for referrals and testimonials from past clients, and take the time to witness their previous projects firsthand. Look for professionals with experience in the local market and a track record of success such as Solid Development, who can provide valuable insights into the neighborhoods and properties that best match your needs and preferences.

Consider the property’s potential for resale:

While you may be purchasing a summer resort in Chalkidiki for personal use, it’s essential to consider its potential for resale. According to a recent report by Knight Frank, the global prime property market is expected to grow by 27% over the next five years, with the highest growth expected in Europe. Look for properties that are located in desirable neighborhoods and have features that appeal to a broad range of buyers, such as stunning views, high-end finishes, energy-efficient technology, pools or proximity to the sea.

In conclusion

Choosing the right property in Chalkidiki requires careful research and consideration. By understanding your needs and preferences, researching different neighborhoods and properties, working with trusted professionals, and considering the property’s potential for resale, you can make an informed decision that meets your needs and exceeds your expectations. With the growing demand for luxury properties in Chalkidiki and the expected growth in the global prime property market, now is the perfect time to invest in your dream home. Take a look at Solid Developments’ latest projects Luxury Villas in Vourvourou and Artion Residence in NikitiChalkidiki.

Greece, Tourism Forecast 2023: Expected Growth of 20%

Greek Tourism Minister Statement

As  Greece emerges from the COVID-19 pandemic, there is an increasing sense of optimism in the country’s tourism industry. Greek Tourism Minister Vassilis Kikilias predicted that 2023 will be a strong year for Greek tourism during his address at the 12th Panhellenic Conference of the Association for Professional and Conference Tourism. The conference, entitled “Meetings in Greece: The Game Changer,” was organized by HAPCO & DES (Hellenic Association of Professional Congress Organizers & Destination Events Specialists). The minister announced that he expects tourism to grow by 20% in 2023 in comparison to 2019, the last unaffected year by COVID. This is great news for the real estate market in Greece, especially for those who are interested in investing in luxury apartments in Chalkidiki.

Real Estate

Tourism growth can have a significant impact on real estate in tourist locations. As more tourists visit a particular area, the demand for accommodation, dining, and entertainment options increases, leading to an increase in the demand for real estate in the area. Property prices may rise as developers seek to build more hotels, resorts, and vacation rentals to cater to the influx of tourists. Additionally, local homeowners may see an increase in the value of their properties, as they can capitalize on the demand for short-term rentals, such as Airbnb.

Land of Opportunity

Chalkidiki is a stunning region in Northern Greece, known for its crystal-clear waters, golden beaches, and lush greenery. It is a popular tourist destination, with visitors flocking to the area every year to enjoy the beautiful surroundings and warm Mediterranean climate. With the anticipated growth in tourism, the demand for luxury apartments in Chalkidiki is expected to increase significantly.

Investing in real estate in Chalkidiki is an excellent opportunity for those who are looking for a profitable venture. Luxury apartments in this area are in high demand, with many tourists and visitors seeking comfortable and luxurious accommodation during their stay. As a result, investing in real estate in Chalkidiki can provide a significant return on investment, especially with the expected growth in tourism in 2023.

Time to Act

If you are considering investing in real estate in Greece, now is the time to act. With the expected growth in tourism in 2023, the demand for luxury apartments in Chalkidiki is only going to increase. By investing now, you can take advantage of the opportunities that the Greek real estate market has to offer and enjoy the benefits of owning a property in one of the most beautiful regions in Greece. Act now and take advantage of the opportunities that await you in Chalkidiki. Take a look at Solid Developments’ latest projects Luxury Villas and Artion Residence in NikitiChalkidiki.

Greece: The Hidden Gem of Investment Opportunities in 2023

Greece has been a tourist hotspot for decades, but in recent years, it has also become an increasingly attractive destination for foreign investors. With its strategic location, strong economy, and investment-friendly policies, Greece has emerged as an investor’s paradise.

Golden Visa

One of the key factors driving investment in Greece is the country’s Golden Visa program. The program allows investors and their families to obtain a five-year residence permit in Greece in exchange for investing in the country’s real estate market. The minimum investment amount is €250,000, and the program has proven to be popular with investors from around the world. In fact, the Golden Visa applications in Greece are on the rise, signifying the global interest the country has amassed in recent years.

But the Golden Visa program is just the tip of the iceberg when it comes to Greece’s appeal to investors. The country’s economy is growing at an impressive pace, with GDP growth being over 6% in 2022. This growth is driven by a range of factors, including Greece’s strategic location at the crossroads of Europe, Asia, and Africa, its strong shipping industry, and its rapidly growing tourism sector.

Tourism

Greece’s tourism industry is particularly noteworthy, with over 30 million visitors per year. The country’s stunning beaches, ancient ruins, and vibrant culture are just some of the attractions that draw tourists from around the world. But the tourism industry is also a major driver of economic growth, providing jobs and driving demand for a range of goods and services.

Investor Friendly

In addition to its strong economy, Greece also offers a range of investment-friendly policies. The country has a flat corporate tax rate of 24%, which is one of the lowest in Europe. Greece also offers a range of tax incentives and exemptions for foreign investors, making it an attractive destination for businesses looking to expand into new markets.

Finally, Greece’s government has made a concerted effort to improve the country’s business environment in recent years. This includes reducing bureaucracy, simplifying regulations, and creating a more investor-friendly legal framework. These efforts have paid off, with Greece ranking 61st in the World Bank’s Ease of Doing Business Index in 2021, up from 79th in 2020.

Rising Real Estate Market

Rising prices in the real estate market can be a strong indicator of development in a country, and this is true for Greece. As the economy recovers and the country stabilizes, demand for real estate has been increasing steadily. This has led to an increase in property values, with prices rising in major cities like Athens and Thessaloniki, as well as in popular tourist destinations such as the Greek islands. This trend is a positive sign for the Greek economy, as it indicates that investors have confidence in the market and are willing to put money into real estate. Furthermore, as property values continue to rise, it may encourage further development and growth in the country’s real estate sector.

Conclusion

All of these factors combine to make Greece an investor’s paradise. With its strategic location, strong economy, investment-friendly policies, and growing tourism industry, Greece offers a range of opportunities for investors looking to expand into new markets. Whether you’re interested in the Golden Visa program or other investment opportunities in Greece, the country’s future looks bright for those willing to take the plunge.

Read more about why you should invest in Greece here.

Take a look at Solid Developments’ latest projects Luxury Villas and Artion Residence in Nikiti, Chalkidiki.

Chalkidiki’s Golden Visa Minimum remains at €250,000 – Great News for Investors!

The Greek Government has recently made an announcement regarding the highly anticipated changes to the Greek Golden Visa program. As per the statement made by the Prime Minister, the visa program will undergo a price hike. This news has been a topic of speculation for several months, and the investors and individuals who were planning to apply for the program were eagerly awaiting the announcement.

The government has now confirmed that the price hike will indeed take place, and new regulation L. 5007/2022 Articles 91 and 92 have been introduced to outline the changes. These regulations specify the areas that will be affected by the price hike.

Areas Affected

Under Article 91 of the new regulations, the minimum qualifying real estate investment required for the visa program has been increased from €250,000 to €500,000 for:

  • North, Central, and South Sectors of Athens
  • Municipality of Vari – Voula – Vouliagmeni (Region of Attica)
  • Municipality of Thessaloniki (Region of Central Macedonia)
  • Regional Units of Mykonos and Santorini (Region of South Aegean)

However, any property in a region other than those mentioned above will maintain the €250.000 price point moving forward. Leaving a 90% of Greek municipalities in an advantagious possition for future Golden Visa Investors.

Greece Golden Visa – Real Estate Investment Requirement by Municipality

Investing in Chalkidiki

Chalkidiki thus presents a great alternative for investors who are interested in the Macedonian region up north, with lower minimum thresholds to qualify for the Golden Visa program and higher yields compared to Thessaloniki. In fact, Chalkidiki currently holds the highest yields in Greece (you can read more in our article here). Furthermore, the rise of the Golden Visa in Thessaloniki is bound to direct investors to Chalkidiki as the closest municipality.

Overall, the Golden Visa applications in Greece are on the rise, signifying the global interest the country has amassed in recent years. The current changes are unlikely to deter investors, while municipalities like Chalkidiki are expected to be on the rise for future investments. Solid Development is ready to accommodate such investments with our latest projects Luxury Villas and Artion Residence in Nikiti, Chalkidiki.