Avakon Kenya, a property consulting and engineering services company is wooing Kenyans to invest in Greece’s real estate through the country’s residence-by-investment program.
Greece’s Golden Visa Program, which provides access across Europe with a minimum investment in property worth €250,000, is one of the friendliest anywhere, according to Avakon Kenya’s managing partner, Kosta Kioleoglou.
“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,” Kioleoglou indicated.
The program has no requirements of minimum stay in Greece and gives visa-free access to all European countries.
“Just a few days ago the government announced that the 24 percent 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,” added Kioleoglou.
Avakon Kenya is eyeing a piece of the real estate pie through its parent company RED Avakon, which represents one of the leading German brands in the automatic Parking System, Klaus Multi-parking 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.”