Saturday, April 18, 2026

JP & Partners, isn't it late to save our money now?

When the financial crisis broke in 2019, and when it really went turbo-mode starting 2020, there were a lot of ads for buying real estate abroad - Cyprus, Turkey, Portugal, Greece, Bulgaria, you name it, it was there. Why? Well, here's the trick the earlier you salvaged your money, the higher the % you for your banking check (at the beginning it was 90%, now I hear it hovers around 6% of the original value). Long story short, you withdraw your money at a loss, you invest it in real estate abroad, depending on how much you are investing you might get a gold visa with it, and tadam - either you use it as a summer residence or put it on Airbnb, or whatever. But that was then.

JP & Partners, are now offering to invest in real estate in Greece. It one does the calculation, it is not for the money stuck in bank accounts and now almost non-recuperable. So basically, they are aiming for what is called fresh-Dollar money. Now, if I am not getting a European residency with it, honestly, why bother?