FAQ – Everything You Wanted to Know

Can you tell us a bit about your company?

Beta Real Estate has been operating in the Greek real estate market since 2018, initiating and leading urban renewal across Athens. We focus on developing neighborhoods with a young and dynamic vibe—areas where price per square meter is still relatively low but expected to appreciate significantly.

Choosing these locations allows investors to benefit from high yields and long-term growth.
In every project, we combine our passion for architecture and aesthetics with a deep understanding of the Greek market—creating true investment value for those dreaming of living in Athens as well as those seeking a smart, strategic investment.

What sets Beta apart? What makes you leaders in the market?

Proven experience:
Our track record speaks for itself. These aren’t theories—we have real, tangible results on the ground. After years of intensive activity, we have successfully executed numerous projects that demonstrate our ability to manage investments professionally, reliably, and profitably.

People:
We operate a full in-house local operation with a high-quality team covering all required roles. This allows us to manage processes efficiently, precisely, and transparently, with full control at every stage. In addition, we work with outstanding suppliers with whom we have long-standing and trusted relationships.

Strong local presence:
Our presence in the field is a major asset. Two of the company owners have lived in Athens for more than seven years, and all managers and staff (except the sales office) work regularly from our offices in Athens. This means close supervision, deep market insight, and constant identification of attractive opportunities for our clients.

What returns can I expect from investing in Athens?

Athens offers a wide range of yield options, depending on your rental strategy:

• Long-term rentals to residents:
  4%–6% net on average, after all related expenses (taxes, management fees, etc.).
• Short-term vacation rentals (Airbnb):
  7%–10% net on average.

Naturally, returns vary based on the property’s location, interior design quality, and the character of the neighborhood—factors we carefully evaluate in every project.

How much does an apartment in Athens cost? What is the minimum investment?

The minimum investment in our projects for purchasing an apartment is approximately ₪350,000.

Who manages my property after the purchase?

We know that investing abroad requires a holistic solution that empowers you to feel secure and hands-free.
That’s why we established an in-house property management company offering:

• Finding quality tenants
• Handling ongoing maintenance
• Collecting rent and transferring it to your account
• Sending monthly reports
• And just as importantly providing customer service to the Greek tenant, ensuring their needs are met and that they remain satisfied.

In short, you can continue with your life in Israel while we ensure your investment in Athens keeps generating returns and peace of mind.

What should I know about Greek bureaucracy?

Greece moves slowly—we don’t.
Real estate in Greece demands tight control of timelines and processes. To navigate this challenge, we’ve built a highly efficient and flexible work system that allows us to deliver results faster than the market standard.

Is bank financing available in Greece?

The Greek banking system is waking up.
Several banks already offer mortgages, and we expect full operational recovery by the end of 2025. Since conditions change often, feel free to contact us for the most updated information—we’re always tuned in to the pulse of the financial system.

How long does it take to buy a property?

A typical purchase in Athens takes 3–4 months, though it varies depending on each property’s legal complexity.
We guide you through every step, remove obstacles when they arise, and simplify the entire interaction with Greek bureaucracy—which can be challenging for those unfamiliar with the language and culture.

Will the apartment be registered in my name?

Absolutely.
In Greece, just like in Israel, the property is legally and officially registered under your full name in the Tabu (the land registry). The Greek registry system is known for its strength, privacy, and security—giving you complete peace of mind regarding ownership.

Do I have to open a bank account in Greece to invest?

No. There is no mandatory requirement to open a Greek bank account to buy a property.
However, if you’d like to streamline the financial management of your investment, we can accompany you through the process of opening a local account—it’s simple and easy, even if you don’t speak Greek.

What taxes apply when buying a property in Greece? And what about rental income?

When buying a property, Greece charges a 3.09% purchase tax on the property’s value.
For rental income:

• The first €12,000 per year is taxed at 15%.
• Besides that, additional tax brackets apply.

Capital gains tax? Technically 15%, but in practice 0% due to a special exemption being renewed annually since 2013.

Most importantly, Israel and Greece have a tax treaty, so you won’t be taxed twice.
Taxes paid in Greece are not paid again in Israel.
Still, we always recommend consulting a CPA before making a purchase.

What about inheritance tax?

Inheritance tax in Greece depends on the property’s value and degree of kinship:

• Up to €150,000 – 0% for first-degree relatives
• €150,001–300,000 – 1%
• Over €300,001 – 10%

Tax rates are progressive, and for more distant relatives, they may be higher.

What is the capital gains tax in Greece?

Officially, capital gains tax is 15%, but—this is crucial—there has been a recurring exemption since 2013.
This means that currently, the effective rate is 0%.
Thanks to the tax treaty between Israel and Greece, you won’t owe additional tax in Israel on the sale—making the process much simpler.

Who will rent my apartment?

Athens is a diverse and vibrant city.
We focus on developing neighborhoods sought after by high-quality residents—strategic areas near metro stations, shopping centers, cultural venues, and leisure hubs.

As a result, our projects attract a wide variety of tenants:
digital nomads, students, couples, professionals, and young families.

What happens if a tenant doesn’t pay rent?

We have a structured process to protect your investment:

1. A formal payment demand is sent
2. If there’s no response within 3 months, we file an eviction request with a judge
3. A judicial order is issued and enforced within 45 days

In total, the process takes about 4.5 months.
Our legal team handles the entire procedure—from A to Z—so you don’t have to deal with Greek bureaucracy at all.

Do I pay taxes in Israel too?

Great question!
Thanks to the tax treaty between Israel and Greece, you won’t pay double taxation.
Your taxes are paid in Greece, and you don’t pay them again in Israel.
Still, it’s wise to consult with a tax advisor familiar with your specific circumstances.

What will happen in the Greek real estate market over the next 5 years (2025–2030)?

We’re highly optimistic, based on a deep analysis of on-ground trends. We expect a significant rise in Athen’s property prices over the next five years, driven by three key factors:

1. A historic economic revival
   Greece is leading Europe in growth, with improving economic indicators, falling unemployment, positive migration, and emerging employment hubs. This new energy fuels the real-estate market and makes Athens a top investment destination.
2. A reawakening mortgage market
   After being nearly frozen since 2008, the Greek mortgage sector is returning. As it fully opens, more locals will be able to buy homes—boosting demand and driving prices upward.
3. A pro-investment government
   Greece actively encourages foreign investment with policies already showing results. As more investors discover Athens, demand rises, pushing prices higher.

Want to hear more about your future home overseas?

Whether you’re dreaming of a vacation apartment in beautiful Athens, looking for a smart investment in Europe, or simply curious about the possibilities
we’re here to match you with the project that fits your dream perfectly.

We’re waiting for you.