Business Condos in the Kalithea with 500,000 Investment and 4-6% returns
Greece Residency / by David Lincoln / 218 views
Greece Golden Visa Eligible Project General Information
This project, situated in Kalithea, features 38 apartments with sizes ranging from 30 to 68 sq.m. It will be built in a 7-story building on a plot measuring 848 sq.m.
Residents will relish in the chance to bask in over 200 glorious days of sunshine each year, all while unwinding beside the awe-inspiring pool that is set to grace the shared garden. Key features include 6 ground level parking spaces, new LED technology lighting and a modern interior design.
This project is estimated to be completed by Q4 2024.
Greece Golden Visa Investment
This development is a gateway to European Permanent Residency. Investors can acquire units ranging between 137,000 to 232,000 EUR, with guaranteed 4-6% yield of return per annum. This Business Condo falls into the 500K Investment Criteria, according to the 2023 Governmental Regulations for the Greek Golden Visa eligibility.
Greece is a modern country with advanced infrastructure and efficient public institutions. The property market has been stably rising over the last few years, and many areas are being revitalized economically and infra-structurally. The country boasts some of the most amazing landscapes and an idyllic Mediterranean climate. Additionally, Greece is renowned for its pridefully preserved history. As a member of the European Union and Schengen zone, citizens are allowed to travel to any of the 27 Schengen countries. Granting investors and their families the ability to live in Greece or travel visa-free for work, study or leisure to any other Schengen country.
The Developer
The developer, a local real estate and investment company, is considered one of the most reliable in the Greek real estate market. Offering full services for property development backed by years of experience and a well-developed diverse team of specialists. They pride themselves on overseeing the entire construction process from start to finish. They also draw on their extensive network of experts and partners to increase the profitability of their projects for their investors and the market as a whole. A leader of the market also dedicated to sustainable development.
Greece Golden Visa Project Location
Kallithea, located along the eastern coast of Rhodes, is a picturesque destination adorned with stunning beaches and renowned spa baths. Just 2 kilometers away from the vibrant resort of Faliraki, Kallithea strikes the perfect balance between tranquility and a plethora of entertainment options.
The well-organized beaches cater to all with their array of amenities, including cafes, restaurants, and umbrellas. Meanwhile, the enchanting inlets and coves, adorned with sculptured rocks and hidden caves, provide endless opportunities for exploration, especially for the young adventurers. For those seeking a more exhilarating experience, daily underwater diving trips can be arranged.
Water sports enthusiasts will find plenty of options to indulge in, while those yearning for pure relaxation will find solace in the idyllic surroundings. Kallithea truly offers an unparalleled setting for a perfect getaway.
- Listing ID: 81943
- Enables residence and/or citizenship in:: Greece
- Enables owner's visa-free travel to:: EU/Schengen, United Kingdom, Canada, Australia, Hong Kong, Singapore
- Price range: US$250,000 - US$500,000
- Ownership type: Freehold
- Minimum holding period to maintain residence/citizenship status: More than 5 years
- Construction status: Under construction
- Property type: Apartment
- Income-generating property: Yes
- Annual maintenance costs borne by the buyer: No
- No. of rooms: 2, 3