Santorini is more than a beautiful place for vacation. It is also an attractive
place for running business or investing in the real estate.
The island’s economic stability is enhanced by its strong performance in tourism as it is in the property market. Along with the economic reasons for investing in Santorini, is the island’s sunny climate according to the fact that touristic business run yearly, 12 months a year.
A positive factor for the new investors is that prices to buy or rent houses or business on the island are much lower, up to 40% in some cases, as a result of the economic recession that affected the country.
According to that, and as far as opening new business, Greek lows have been recently reformed to become much easier and quick for the investors. To open a store or generally run business on the island you just need a typical licence from the municipality, that will take you not more than 10 days. Another advantage to invest on the island is the cut - rate tax (16%) -paid through the internet every 3 months- unlike to the rest of the country where is 23%.
On the island you can find properties of all kinds which will cover your needs and standards.
Santorini has good reasons to be in a very good place on foreign investor list as a beautiful place to live, work or retire.
Many Greek expatriates and people from all nationalities decided to come the last years to the island to work or to invest in tourism business according to buying or renovating a house. On the island live many Americans and Europeans with their families, working in tourism business, as owners or employees, putting in place their new ideas in the traditional touristic market. This interaction of cultures and ideas is one of the islands strengths in tourism.
Santorini's property market has plenty of success because of the glamour of the island -Santorini has been declared to be the most beautiful island of the world- according to it's affordable prices in it’s real estate the last years.
The island's property market was rapidly developed the last years to cover the needs of the Greeks as well as the Europeans looking for a place to buy their second vacation home. Nowadays, many people from all over the world, as well as celebrities, show - business stars and politicians have their second vacation homes on the island.
When looking to buy property or do business it is important to fully check everyone you deal with. Having a local person you trust as your representative, is a good idea in order to avoid mistakes of purchasing real estate in a foreign country. However, Greece as a part of the European Union has more or less the same restrictions and laws as the E.U. in order to enable and make easy to foreigners to buy land in areas that lie along the Aegean and Mediterranean coasts.
The Caldera cliff houses as well as the beach areas of Kamari and Perisa are very popular resorts for Greek and European buyers and there are still many properties for people to buy.
Santorini is one of the most environmentally clean places in Europe, surrounded by crystal clear seas, long and sandy beaches, and the spectacular view of the Caldera, the only one that big in the world. Therefore, property on Santorini, whatever you decide to have, a villa with a pool, an apartment, a flat, or a house, the island's property currently represents fantastic value for money.
The island has a big tourist sector that continues to grow yearly, as Santorini
is established to be one of the most popular destinations of the world.
The island’s economic stability is enhanced by its strong performance in tourism as it is in the property market. Along with the economic reasons for investing in Santorini, is the island’s sunny climate according to the fact that touristic business run yearly, 12 months a year.
A positive factor for the new investors is that prices to buy or rent houses or business on the island are much lower, up to 40% in some cases, as a result of the economic recession that affected the country.
According to that, and as far as opening new business, Greek lows have been recently reformed to become much easier and quick for the investors. To open a store or generally run business on the island you just need a typical licence from the municipality, that will take you not more than 10 days. Another advantage to invest on the island is the cut - rate tax (16%) -paid through the internet every 3 months- unlike to the rest of the country where is 23%.
On the island you can find properties of all kinds which will cover your needs and standards.
Santorini has good reasons to be in a very good place on foreign investor list as a beautiful place to live, work or retire.
Many Greek expatriates and people from all nationalities decided to come the last years to the island to work or to invest in tourism business according to buying or renovating a house. On the island live many Americans and Europeans with their families, working in tourism business, as owners or employees, putting in place their new ideas in the traditional touristic market. This interaction of cultures and ideas is one of the islands strengths in tourism.
Santorini's property market has plenty of success because of the glamour of the island -Santorini has been declared to be the most beautiful island of the world- according to it's affordable prices in it’s real estate the last years.
The island's property market was rapidly developed the last years to cover the needs of the Greeks as well as the Europeans looking for a place to buy their second vacation home. Nowadays, many people from all over the world, as well as celebrities, show - business stars and politicians have their second vacation homes on the island.
When looking to buy property or do business it is important to fully check everyone you deal with. Having a local person you trust as your representative, is a good idea in order to avoid mistakes of purchasing real estate in a foreign country. However, Greece as a part of the European Union has more or less the same restrictions and laws as the E.U. in order to enable and make easy to foreigners to buy land in areas that lie along the Aegean and Mediterranean coasts.
The Caldera cliff houses as well as the beach areas of Kamari and Perisa are very popular resorts for Greek and European buyers and there are still many properties for people to buy.
Santorini is one of the most environmentally clean places in Europe, surrounded by crystal clear seas, long and sandy beaches, and the spectacular view of the Caldera, the only one that big in the world. Therefore, property on Santorini, whatever you decide to have, a villa with a pool, an apartment, a flat, or a house, the island's property currently represents fantastic value for money.
