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info@progreecegroup.com
We find commercial spaces in the city with very large potential and transform them into residential spaces in order to create investment opportunities. This process is called change of use or change of designation.
The process begins with us actively searching for suitable buildings and contacting the owners to purchase the property. After that, an engineering and legal inspection is performed to check the suitability for the change of use.
After finding the investors and offering them the property that suits their needs the most, the contract is signed. It includes all regulated terms and is aimed at protecting all parties.
The purchase and sale takes place directly between the Greek seller and the investors. From the beginning the property is registered under the name of each investor in the register.
Takes between 3-5 months and includes permits for the change of use, splitting (distribution into apartments) and construction.
Takes between 3-5 months, from the moment the property has undergone a change of use. During the construction stage we create new infrastructure from scratch – water, electricity, and drainage – and provide a high-quality renovation and design.
After the renovation, an inspector from the municipality checks and ensures that the construction was done according to the approved plans and permits.
The last stage involves furnishing the apartment and finding a tenant through the management company to secure a stable revenue stream for the investor.
The whole process takes up to about 12 months depending on the contract.
The payment instalments are carried out according to the project’s progress rate and will be decided at the time of signing.