Greece's property investment immigration policy launched this year has attracted considerable attention from investors with its low threshold of 250,000 euros. Recently, another piece of good news has emerged: the Greek Parliament has discussed and approved a policy to reduce the property transfer tax from 11% to 3% to attract buyers, which will take effect on January 1, 2014.
Since Greece launched the property purchase immigration program in May 2013, foreigners who purchase property worth 250,000 euros in Greece can obtain a Greek residence permit. With the advantages of being able to immigrate by purchasing property for 250,000 euros, fast processing speed, quick approval, and the ability to freely travel to 26 Schengen countries and Europe after obtaining residence status, the number of applicants for the Greek property investment immigration program has been steadily increasing.
By the end of November, dozens of applicants from Russia, Ukraine, Canada, the United States, and China had already obtained residence permits in Greece. This move has not only stimulated the Greek real estate market but also spurred the construction and development of real estate and infrastructure in Greece's vacation areas.
The Greek government is pleased to see the development and promotion that this project brings to the Greek economy, which is also the purpose of launching this project. By reducing the property transfer tax from 11% to 3%, the Greek government has provided more convenience for buyers while significantly increasing the competitiveness of the project, demonstrating the government's sincerity towards this initiative. It is expected that in 2014, Greek property investment immigration will continue to be very popular.
On July 21 of this year, Worldway and the Greek Ambassador to China jointly launched the ceremony for the Greek investment immigration project in China, quickly organizing investors to visit Greece for property inspections and immigration applications. Investors interested in immigrating to Greece are encouraged to pay attention to the year-end appreciation promotion activities that Worldway is currently promoting, with a limited 5 million package gift available. For more details, please call 400-138-2929.
