Author: Maurel Samonte, 2018 AREAA Greater Chicago President & Gianna Hay, C.A.R. Global Council Member
This past fall, we had the opportunity to participate in a trade mission to Greece through AREAA, the Asian Real Estate Association of America. AREAA Global actively seeks safe and profitable investment and development projects for its members and their clients.
Golden Visa Greece
We had an opportunity to connect with one of the most beautiful countries in Europe, Greece. After a presentation and meeting with some members of the local government, the 14 or so individuals on our trade mission learned all about Greece’s Golden Visa program.
Launched in July 2013, the Greek golden visa program grants a five year residency visa in return for an investment in real estate. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The visa is granted for five years and renewed every five years if the property investment is retained. It is not necessary to live in the country in order to retain and renew the investor visa. However citizenship can only be granted after seven years of residency
The Appeal of Greece
Learning about the wonderful investment opportunities Greece offers is great, but we were also able to find a healthy balance, finding time to enjoy Greece and what it offers to investors: unique weather, clean environment, bespoke hospitality, worldwide famous culture, healthy Mediterranean food, safety, high-level education and good medical services. We immersed ourselves in the Greek culture and lifestyle, including property tours of new developments and active listings. We explored Athens and the surrounding areas and toured local tourist spots like the Acropolis. We also experienced local retail businesses and restaurants, took a three-island tour, and stayed on beautiful Santorini Island.
For those interested in trade missions organized by AREAA and other affiliate organizations, please contact AREAA Chicago at firstname.lastname@example.org or visit our website at https://www.areaa.org/chicago. Our trade missions are a unique opportunity that should not be missed!