According to a report by a Greek media outlet on February 16, the Greek government is considering further relaxing some capital control measures 32 months after their implementation.
Greece last relaxed these controls on November 14 of last year, but did not modify the cash withdrawal limit at that time. This time, the Greek Ministry of Finance is working with the Bank of Greece to plan an increase in the monthly cash withdrawal limit for bank depositors from 1,800 euros to 2,300 euros. In addition, individuals will be allowed to open bank accounts freely, regardless of whether they previously held an account at any bank. The further relaxation of capital controls demonstrates the Greek government's growing trust and confidence in its own economy and banking system, which will lead to a more stable investment market.
Over the past four years, Greece has experienced a tourism boom. In terms of economic contribution, the entire tourism industry contributed 35 billion euros to the Greek economy in 2017, an increase of 23% compared to 25 billion euros in 2012. Furthermore, according to official reports from Greek media, property prices in the center of Athens and other regions are set to surge in the coming months of 2018. For those who purchased property in 2017, most prices have already generally increased.
Among non-EU investors, particularly those from China, the demand for investment in Greek real estate continues to rise. Now is a period with a relatively short and fast processing cycle for Greek immigration. Worldway has launched island property projects with a 5-year leaseback guarantee and 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 three generations of the family.
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Greece 160,000 Euro Sea-View Leaseback Project, Grants Greek Residency to the Whole Family
Located on Lefkada, one of the most beautiful and famous islands in Greece. Built with an ingenious attitude to create the perfect residence.
Price: From 160,000 euros
Unit Type: One-bedroom, two-bedroom semi-detached villas, luxury apartments
Size: 71-165 square meters
Leaseback: 5-year leaseback, 7% annual return
Taxes: 3% transaction tax
Location: Lefkada, Greece
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Modern Apartments in Athens Bay, Seaside Living, High Cost-Performance New Development
On the charming coast of southern Athens, this is a modern apartment with exquisite design.
Price: From 206,000 euros
Unit Type: Includes one-bedroom, two-bedroom, and studio apartments
Size: From 63 square meters
Taxes: 3% transaction tax
Location: Southern Athens
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Greek Leaseback High-End Hotel Apartment Series
The Greek high-end hotel apartment series currently has eight phases, managed by well-known local Greek hotel operators. Each project site is located in major golden and popular commercial districts in Athens.
Price: From 250,000 euros
Unit Type: 1-2 bedrooms
Size: 60-80 square meters
Leaseback: 3-year leaseback, 4% annual return
Taxes: 3% transaction tax
Location: Glyfada
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Athens City Center Garden Apartment, Quality Property in the Core Area
The apartment is located in the center of Athens, at Syntagma Square. It is one of the core investment areas in the city center and also offers the advantage of a quiet home in the middle of a bustling area.
Price: From 250,000 euros
Unit Type: 1-2 bedroom apartments
Leaseback: 2-year leaseback, 3% annual return
Taxes: 3% transaction tax
Location: Athens City Center
