According to the UK's "2017 Global Residential Cities Index," the global housing price index rose by 6.9% in the first quarter of 2017, with significant growth in European real estate investment. As one of the primary countries for European property purchases, Greece has shown remarkable performance and data. Just how popular is Greece? WorldWay Group reveals big data on Greek property sales and shares the latest information on the Greek real estate market with you.
In the past year of 2017, Greece ushered in its "spring": government revenue increased throughout the year, the Greek economy grew steadily, and more and more people chose to invest in Greece. According to analysis by WorldWay immigration experts, Greek property sales in 2017 surged by 300% compared to 2016, with the proportion of investors from China increasing, ranking among the top.
Purchasing property in Greece for immigration not only yields investment returns but also provides access to various benefits such as healthcare and education. Greece has attracted many people with its unique charm, and different investors choose to purchase property for different reasons. Through a survey of Greek property buyers in 2017, WorldWay immigration experts found that obtaining permanent residency, children's education, overseas asset allocation, and retirement living are popular reasons for many investors to choose to buy property in Greece, with obtaining permanent residency and overseas asset allocation being the reasons chosen by the majority of investors, each accounting for 30% of the total number of investors.
Since the Greek government launched the policy in 2013 allowing individuals to obtain a Greek permanent residence permit by purchasing property with a minimum value of 250,000 Euros or making an equivalent investment in related fields, the policy has remained consistently popular and highly sought after by overseas investors from many countries. In 2017, faced with the 250,000 Euro entry threshold, most rational Chinese investors still chose the 250,000-300,000 Euro price range to test the waters, primarily aiming to obtain residency, profit from property appreciation, earn rental income, and facilitate travel within Europe. Those purchasing properties above 300,000 Euros generally aimed for a "one-step" solution.
Undoubtedly, the most direct "beneficiary" of the Greek economic recovery is the local Greek investment immigration market. Property values continue to rise. Which area was most favored by investors in 2017? WorldWay immigration experts summarized the properties sold in the Athens region throughout 2017, conducted data analysis, and created a distribution map, revealing the following data:
In 2018, with the overall trend of European property purchases continuing to rise, Greece, as a highly cost-effective project in Europe, will further ignite the market. As one of the popular destinations for investment immigration, Greece has a comprehensive EU education system. After obtaining Greek permanent residency, investors' children can enjoy free education in Greek public schools. Furthermore, Greece has a sound prevention and emergency system, a very complete healthcare system, and investment immigration to Greece offers various benefits.
Now is a time when the Greek immigration policy is relatively relaxed, the processing cycle is short and fast, and it is an excellent time to invest in real estate. The island properties launched by WorldWay offer a 5-year leaseback with a 7% annual return, meaning investors can recover 35% of their profit in 5 years. This is equivalent to investing only 160,000 Euros to immigrate to Greece with a family of three generations. We look forward to more surprises from Greek property investment immigration in 2018! Consultation hotline: 400-138-2929!
