In recent years, Greece's economy has gradually recovered, and its tourism industry has flourished, driving investment in Greek real estate and making Greece's property-based immigration program highly favored by Chinese investors. With the improvement of the Greek economy, the future appreciation potential of Greek real estate is significant.
Economy on the Right Track, Property Investment Attracts Attention
The boom in Greece's tourism industry has stimulated the local real estate investment market, causing property prices to shift from decline to growth. Data shows that in 2016, Greek property prices rose by 10% compared to 2013, with a projected potential for a further 20% increase in the future. Given the country's robust tourism performance, Greece's economy may grow by 0.2-0.4% this year and is expected to be included in the European Central Bank's quantitative easing program within six months, which fully proves that Greece's economic reforms are on the right track.
As the Greek economy gets back on track, Greece's property-based immigration program has become a preferred choice for domestic investors, allowing them to obtain Greek immigration status while securing considerable investment returns from real estate. Not only have high-profile figures like Jack Ma and Wang Jianlin shown interest in Greek real estate, but many middle-class individuals are also actively purchasing property in Greece.
Property Tax Adjustments Further Increase Benefits for Property-Based Immigration
It is understood that the Greek government is considering implementing a new property tax policy in 2018 to replace the current one. The basis for calculating taxes under this policy will consider not only the value of the taxpayer's Greek property but also its annual income. Because the new policy includes a package of tax reduction measures once fiscal surplus targets are met, it is expected to collect about 1 billion euros less in taxes annually compared to the current policy. For investors in property-based immigration, this is a major benefit, as it not only reduces the cost of purchasing property but also stimulates the prosperity of the Greek real estate market, thereby attracting many investors to turn their attention to Greece.
Seizing the "Two Lows Advantage," Now Is the Time for Greek Property-Based Immigration
From an investment perspective, the current Greek real estate market possesses a "two lows advantage": the euro exchange rate is at a historical low, and Greek property prices are at a historical low. With the continuous recovery of the Greek economy and ongoing favorable property policies, the potential for real estate investment is constantly increasing. For investors, this is the perfect time to seize the "two lows advantage" and buy into the Greek property market at the bottom.
Currently, investors only need to purchase property in Greece worth 250,000 euros or more to secure permanent property rights and enjoy investment returns, while also quickly obtaining permanent residency for three generations of their family. Upon meeting residency requirements, they may apply for Greek citizenship, become EU citizens, and enjoy generous European benefits. It is a win-win investment choice that combines investment with immigration. For more details on immigration, please consult the Worldway Immigration Group hotline: 400-138-2929.
