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MONIS TOPLOU 4

HERAKLION CRETE

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Navigating the Process of Building in Crete:

From Property Acquisition to Legalities

Embarking on a building project in Crete is an exciting endeavor, but it requires careful ​navigation through various stages, from finding the ideal property to addressing legal ​considerations. Here's a step-by-step guide to help you understand the process:

1. Finding the Right Property:

• Begin by identifying your preferences and priorities, whether it's a seaside retreat, a rustic ​village house, or a modern villa with panoramic views.
  
• Engage with local real estate agents who have in-depth knowledge of the market and can ​help you find properties that match your criteria.
  
• Take your time to explore different areas of Crete, considering factors such as ​accessibility, proximity to amenities, and potential for future development.
  

2.Addressing Legal Considerations:

• Seek legal advice to navigate the intricacies of property law in Crete and ensure ​compliance with local regulations.
  
• Obtain necessary permits and approvals from local authorities before commencing any ​construction work. This may include planning permissions, building permits, and ​environmental impact assessments.
  
• If purchasing land for development, familiarize yourself with zoning regulations, building ​codes, and any restrictions on construction in certain areas.
  

3)Engaging Professionals:

• Hire an architect and/or builder with experience in Crete's unique architectural landscape ​and building practices.
  
• Collaborate closely with your chosen professionals to develop a design that meets your ​vision, budget, and regulatory requirements.
  
• Consider engaging other experts such as engineers, lawyers, and project managers to ​oversee different aspects of the building process and ensure its smooth execution.
  

4)Commencing Construction:

• Once all necessary permits and approvals are in place, construction can begin.
• Work closely with your builder and project team to monitor progress, address any ​unforeseen challenges, and ensure that the project stays on schedule and within budget.
• Regular site visits and communication with your team are essential to keep the project ​moving forward smoothly.

5).Addressing Legal Considerations:

• Seek legal advice to navigate the intricacies of property law in Crete and ensure ​compliance with local regulations.
  
• Obtain necessary permits and approvals from local authorities before commencing any ​construction work. This may include planning permissions, building permits, and ​environmental impact assessments.
  

6)Completion and Handover:

• Upon completion of construction, conduct a final inspection to ensure that all work has ​been carried out to your satisfaction and in accordance with the agreed-upon ​specifications.
• Obtain any necessary certificates of completion or compliance from relevant authorities.
• Once satisfied, take possession of the property and begin enjoying your newly built home ​or investment.

Navigating the process of building in Crete requires careful planning, attention to detail, and a ​thorough understanding of local regulations and customs. By following these steps and ​seeking professional guidance where necessary, you can embark on your building journey with ​confidence, knowing that you're well-equipped to overcome any challenges that may arise.

Obtaining Greece's Golden Visa

Through Property Investment

For individuals seeking to broaden their horizons and gain residency in the European Union, ​Greece offers an enticing pathway through its Golden Visa program. This initiative grants ​residency to non-EU citizens who invest in real estate in Greece, opening doors to a world of ​possibilities. Here's a comprehensive guide on how to obtain Greece's Golden Visa through ​property investment:

Eligibility Requirements:

To qualify for Greece's Golden Visa, individuals must meet the following criteria:

1. Investment Threshold: Invest a minimum of €250,000 in residential real estate in Greece. ​This investment can be in one or multiple properties.
   
2. Clean Criminal Record: Applicants and their family members over the age of 18 must ​provide a clean criminal record from their country of origin.
   
3. Health Insurance: Hold valid health insurance coverage for the duration of their stay in ​Greece.
   
4. Financial Means: Demonstrate the financial means to support themselves and their family ​members during their residency in Greece.
   

Navigating the Application Process:

Obtaining Greece's Golden Visa through property investment involves several steps:

1. Property Selection: Begin by researching and identifying suitable properties in Greece ​that meet the minimum investment threshold. Consider factors such as location, ​amenities, and potential for rental income or capital appreciation.
   
2. Due Diligence: Conduct thorough due diligence on the selected property to ensure its ​legality, ownership status, and compliance with local regulations. Engage with legal and ​real estate professionals to assist with the process.
   
3. Purchase and Investment: Once satisfied with the chosen property, proceed with the ​purchase transaction and investment. Transfer the required funds to the seller's account ​and obtain the necessary documentation to prove the investment amount.
   
4. Residency Permit Application: With the property investment completed, submit an ​application for the Golden Visa residency permit to the Greek authorities. Include all ​required documentation, such as proof of investment, passport copies, health insurance ​coverage, and clean criminal records.
   
5. Processing and Approval: The residency permit application is processed by the Greek ​authorities, typically within a few months. Upon approval, applicants and their family ​members are issued a renewable five-year residency permit.
   
6. Renewal and Permanent Residency: Golden Visa holders must renew their residency ​permits every five years to maintain their status. After residing in Greece for at least seven ​years, they may become eligible to apply for permanent residency or citizenship, subject ​to additional requirements.
   

In Conclusion:

Greece's Golden Visa program offers a gateway to residency in the European Union through ​property investment. By understanding the eligibility requirements, navigating the ​application process, and seizing the benefits of residency in Greece, individuals can embark ​on a journey of opportunity, growth, and prosperity in this enchanting Mediterranean ​country.