Greece Golden Visa Shared Property Investment and Full Ownership Property Purchase are two main real estate models that investors often come across.
A Golden Visa application can be made through both methods. However, there are important differences in terms of usage rights, rental income, ease of resale, and long-term investment potential.
So, which one is more suitable for you? In this article, we will examine full ownership and shared investment models in detail, together with their advantages, disadvantages, and key points to consider.
Full Ownership Property Purchase
In full ownership, the title deed of the apartment you purchase is issued entirely in your name. Therefore, you have full control over the investment. You can rent out the property, use it yourself, or sell it whenever you wish.
Advantages
- Better locations: These types of projects are usually located in central and valuable areas.
- Existing residential buildings: In many cases, projects developed within or under existing apartment buildings are preferred.
- Standard construction period: They are usually completed within an average of 8–10 months.
- Right of personal use: The investor may move into the apartment if desired.
- Freedom of choice: The investor decides which apartment to purchase.
- Easier resale: If you wish to sell in the future, full ownership apartments generally find buyers more quickly.
Disadvantages
- Limited rental guarantee: Rental guarantees are usually not offered, and when they are, the rates are often low.
- Property management cost: If you work with a management company, a commission fee is paid.
Shared Real Estate Investment
One of the most common questions we receive in Greece is: “Can I obtain a Golden Visa through a shared investment?” The answer is yes. Golden Visa applications can be made through shared investments structured in accordance with current regulations. However, not every project is the same. Therefore, the contract structure, title deed status, and developer of the project must be reviewed in detail.
Investment Limits for Shared Ownership
€800,000: Shared property purchase with €800,000 per person in areas with a population above 3,100.
€400,000: Shared property purchase with €400,000 per person in areas with a population below 3,100.
€250,000: Shared property or apartment share purchase with €250,000 per person, without population or square meter requirements.
Two Types of Shared Investment
Joint purchase of an apartment: For example, two people purchasing an apartment worth €500,000 by each investing €250,000.
Purchasing a share in a project: In large-scale projects, shares of multiple apartments may be sold. For example, a project with 70 apartments may include 200 shares. Each investor who invests €250,000 for one share may apply for the Golden Visa.
Advantages
- Luxury projects: Most shared projects are designed with high standards.
- Rental guarantee: Long-term and fixed rental income may be offered.
- Hassle-free management: Finding or managing tenants is not the investor’s responsibility; payments are made periodically.
- Projects by large companies: These types of projects are generally developed by strong and reliable companies.
Disadvantages
- Long construction period: Completion may take 2–3 years.
- No personal use: The investor does not own an independent apartment for personal use.
- Uncertainty risk: The contract must clearly state which apartment or share the investment is linked to.
- Location disadvantage: The project location may not be central; however, since the investor does not carry rental responsibility, this impact may be limited.
- More difficult resale: Selling a share may take longer than selling a fully owned property.
Frequently Asked Questions About Shared Investment
- When can I sell my shares?
You can sell them whenever you wish. However, if you sell, you also give up your Greece Golden Visa rights.
- What happens if the building or apartment is sold?
The decision to sell or not is entirely up to the investor. If you decide to sell, you receive income based on the value of your share at that time.
- Is share investment safe?
The reliability of the project developer and the accuracy of official documents play a critical role here. Title deed and permit documents must be carefully checked.
Conclusion
In conclusion, there is no single right choice between full ownership property purchase and shared real estate investment. The right investment model depends on your budget, investment goal, rental expectations, and how you plan to use or evaluate the property.
Some investors prefer owning their own apartment, while others may prefer shared projects that offer rental guarantees. The important point is to objectively evaluate all advantages and disadvantages before making a decision.
As İkinci Adres, we analyze your investment goals together, determine the most suitable model for you, and support you transparently at every stage of the process, from the first consultation to receiving your residence card.
To learn about the Greece Golden Visa process through video explanations and follow the latest updates, you can visit our YouTube channel.
