Located at the southeastern tip of the Balkan Peninsula, Greece is a world-class vacation paradise that attracts millions of tourists annually—several times its local population. Its ancient civilization, comfortable climate, and diverse landscapes have created a world-renowned tourism and holiday destination, offering a visual feast of endless beauty. In recent years, Greece's increasingly hot tourism market has directly driven the local real estate market, with unlimited potential for future appreciation, providing a significant boost to Greek investment immigration.
Greece Sees Step-by-Step Growth in Tourist Numbers
In recent years, the number of tourists visiting Greece has repeatedly broken records. In 2015, the Greek tourism industry hosted 23.6 million foreign visitors; in 2016, this achievement reached a new level, with the number of visitors reaching 24.8 million, a year-on-year increase of 5.1%. Dimitris Tryfonopoulos, Secretary General of the Greek National Tourism Organization, expressed optimism about the Greek tourism industry in 2017, expecting more than 30 million travelers to visit the country.
Real Estate Investment Attracts Attention: Ideal for Both Immigration and Investment
The boom in the Greek tourism industry has stimulated the real estate investment market, and property prices have begun to shift from decline to growth. Data shows that in 2016, Greek property prices rose by 10% compared to 2013, and experts predict a further 20% potential for appreciation in the future.
Not only are industry giants like Jack Ma and Wang Jianlin eager to enter the Greek real estate market, but driven by the Greek property purchase immigration policy, many overseas investors are also actively purchasing Greek properties to obtain Greek immigration status while securing considerable real estate investment returns.
As a cost-effective choice for European property-based immigration, the Greek government enacted the property purchase immigration policy in 2013 to attract overseas investors to invest in Greece. After the new policy bill was issued in 2015, the Greek property purchase immigration policy became even more relaxed than before. Investors only need to invest more than 250,000 Euros in Greek real estate to obtain permanent property rights, while three generations of the family can quickly obtain permanent residency. After meeting the residency requirements, one can apply for Greek nationality, receive an EU passport, become an EU citizen, and enjoy the same treatment as EU citizens.
From an investment perspective, the Euro exchange rate is currently at a historical low, making it the right time to invest in Greek real estate. By investing in Greek property at a relatively low price, one can achieve relatively high investment returns as the Greek economy recovers and the real estate market heats up. In addition, one can obtain EU permanent residency, providing direct access to the European market, which is excellent for global asset allocation. For more immigration information, please call: 400-138-2929.