In recent years, with the deepening of China's "Belt and Road" initiative in Europe, a wave of Chinese capital investment is sweeping across Europe. Many domestic entrepreneurs and investors are following in the footsteps of business tycoons such as Li Ka-shing and Wang Jianlin, investing heavily in the European market, including countries like Greece, Portugal, and Spain. After eight years of economic crisis, Greece has entered a period of recovery in most industries, presenting significant investment opportunities and potential.
The alleviation of the Greek crisis and the initial debt agreement reached
Recently, Greece reached a preliminary agreement with creditors regarding its fiscal policy. This agreement will unlock billions in rescue funds and lay the groundwork for the IMF's participation in Greece's third-party €86 billion rescue plan. The European Commissioner for Economic Affairs described it as "very positive progress," stating, "It is time to turn the page on this long and arduous chapter of austerity for the Greek people." He said, "We now need to write a new chapter about Greece and the overall stability, employment, and economic growth of the Eurozone." Following the preliminary agreement, Greek stock prices also rose.
The "Belt and Road" strategy promotes Greek economic development
With the implementation of China's "Belt and Road" development strategy, coupled with Greece's advantageous geographical location as a springboard for Chinese capital entering the European market, major commercial giants such as COSCO, Wanda, and Alibaba have flocked to invest, driving the development of the Greek economy.
Adjustment of property taxes, further benefits for property investment immigration
It is reported that the Greek government is considering implementing a new property tax policy in 2018 to replace the current policy. This new policy will calculate taxes based not only on the value of the taxpayer's property in Greece but also on the annual income generated by the property. The new policy includes a package of tax reduction measures once the fiscal surplus target is achieved, and it is expected to collect about €1 billion less annually than the current policy.
This is a significant benefit for investors seeking property immigration, as it not only reduces the cost of purchasing property but also stimulates the prosperity of the Greek real estate market, attracting numerous investors to focus on Greece.
Experts from WorldWay Immigration indicate that currently, the Greek economy is recovering, and the situation is gradually improving. Additionally, the Greek government is gradually lifting capital control measures, and the Greek real estate market has the "double low" advantage: the euro exchange rate is at a historical low, and Greek property prices are also at a historical low. Therefore, it is time to invest in Greek real estate.
Compared to the tightening immigration policies of many countries, Greece's current policy of "€250,000 for property purchase, allowing immigration for three generations" can be considered quite lenient. Given the current volatile immigration policies and the impending foreign exchange controls in July, it is advisable to invest in Greek immigration sooner rather than later.
Currently, WorldWay Immigration is launching a major promotion for the "11th Anniversary of U.S. Investment Immigration" with significant discounts for signing up for Greek investment immigration during the event. Additionally, there will be various sharing sessions on overseas living, education, and finance waiting for you! For more details, please consult the WorldWay Immigration Group hotline: 400-138-2929.
