Summary
- Property consulting and engineering services firm Avakon Kenya has stepped up its ...efforts to have Kenyans invest in Greece's real estate through the European nation's residence-by-investment programme.
- Avakon Kenya’s managing partner, Kosta Kioleoglou, said Greece’s Golden Visa Programme, which provides access across Europe with a minimum investment in property of €250,000, is one of the friendliest anywhere.
- The programme has no requirements of minimum stay in the country and gives access to all European countries without further visa requirements.
Property consulting and engineering services firm Avakon Kenya
has stepped up its efforts to have Kenyans invest in Greece's real
estate through the European nation's residence-by-investment programme.
Avakon
Kenya’s managing partner, Kosta Kioleoglou, said Greece’s Golden Visa
Programme, which provides access across Europe with a minimum investment
in property of €250,000, is one of the friendliest anywhere.
“This
is the smallest minimum capital investment considering that the
threshold is €300,000 in the case of Cyprus, and €500,000 in both Spain
and Portugal,” Mr Kioleoglou said.
The programme has no
requirements of minimum stay in the country and gives access to all
European countries without further visa requirements.
“Just
a few days ago the government announced that the 24 per cent VAT that
used to apply for all new property transactions is now removed for the
next three years. This means those who enter the market in the next 36
months will purchase properties almost 20 percent cheaper,” said Mr
Kioleoglou.
Avakon Kenya, which also providing automated parking system
solutions, is eyeing a piece of the real estate pie through its parent
company RED Avakon.
RED Avakon represents one of the biggest German brands in the automatic Parking System, Klaus Multiparking in East Africa.
“Investing
in the development of high standard eco-friendly modern design
residential properties is offering the market unique properties in the
Athenian Riviera and the island of Paros and is taking advantage of the
deficit displayed by this sector of the market.”
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