With the popularity of overseas property investment immigration, concepts such as "buying a house for education" and "Chinese purchases" are gradually being replaced. Property investment immigration can simply be understood as "buying property for residency" overseas, or obtaining a foreign "blue household registration." Foreigners who purchase property according to regulations can obtain residency rights for their entire family, enjoy local benefits, and can eventually acquire formal "household registration." This phenomenon is most common and highly regarded in Europe.
In 2012, the launch of the Cyprus property investment immigration program shifted the focus of Chinese citizens to Europe, while the Portugal Golden Residence Permit program opened the door to European immigration. They not only addressed the "financial management" issue but also helped investors resolve their "identity" issues. In April 2013, the Greek Parliament passed the Investment Immigration Promotion Law No. 4146/2013, officially approving and implementing the "€250,000 property investment immigration" policy. The low threshold for property purchase marked Greece's high-profile entry into the ranks of countries with open immigration policies in Europe.
After thorough project research and on-site inspections, Worldway was the first to introduce the Greek property investment immigration program to the domestic market. Worldway believes that the Greek investment immigration program offers an extremely high cost-performance ratio and has four major advantages: low investment amount; obtaining a Greek residence visa equates to gaining the right to reside freely in 26 Schengen countries; no residency requirements; and being one of the world's most famous vacation destinations.
According to the provisions of Law No. 4146/2013, non-EU citizens who purchase property worth €250,000 or more in Greece can apply for a Greek residence permit visa. The initially issued visa is valid for five years. After five years, as long as the ownership of the property is not sold, the residence permit visa held by the applicant and their dependents can be renewed.
As a world-class vacation paradise, Greece is hailed as the birthplace of Western civilization, with its long history and unique Mediterranean natural scenery attracting tourists from around the globe. Since Greece is one of the 27 member states of the European Union and also a Schengen country, the residence permit visa issued by the Greek government allows free passage in 26 Schengen countries without a visa. Furthermore, the Greek investment immigration Law No. 4146/2013 does not impose mandatory residency time or restrictions on property purchase locations for applicants. The absence of immigration monitoring regulations also makes Greece one of the EU countries with lower residency requirements.
Regarding the European debt crisis, Worldway experts believe that current property prices in Greece have basically hit rock bottom, and the country's environment and climate are pleasant, with a high quality of life. Therefore, Greece's real estate market has long been regarded as one of the worthwhile investment markets in Europe by many non-EU investors, including Chinese individuals, and since the end of last year, the Greek domestic economy has gradually stabilized.
Worldway experts point out that obtaining a Greek residence permit also means opening the door to business investment, Western-style education, convenient travel, and cultural exchange in various developed Schengen countries in Europe. The "€250,000 property investment immigration to Greece" is bound to become another highly sought-after property investment immigration program, offering an extremely high cost-performance ratio in the investment immigration market and providing a new choice and opportunity for investors planning overseas property investment immigration.