Since 2017, a wave of positive news from Greece has proven its strength through concrete actions!

The agreement reached by the finance ministers of the 19 EU member states regarding Greece's imminent exit from the bailout program, combined with the influx of Chinese capital into the Greek market, all signal that this is the 'golden' period for investing in Greece!

 

Some cautious and thoughtful investors may wonder: Why say the Greek economy is recovering? Is there any evidence? Today, we are not just talking; we are speaking with data and facts!

Big Data 1: Continuous Growth in Pillar Industry Revenue

 

The two pillars of the Greek economy are shipping and tourism. Shipping contributes 4% to Greece's GDP, while tourism contributes 10%.

 

Greece is a major global shipping power. The fleet controlled by Greek shipowners accounts for approximately one-quarter of the global merchant fleet. It possesses world-class shipping hubs and holds a very important position in the global shipping industry. As of 2017, Greek shipowners owned a total of 4,199 vessels over 1,000 gross tons, ranking second in the world; the total capacity is approximately 309 million deadweight tons, ranking first in the world.

 

According to data released by the Bank of Greece (BOG) on July 16: Greece's tourism revenue in the first quarter of this year reached 554 million euros, an increase of 13.2% compared to the same period last year. The development of the tourism industry has also driven up Greek housing prices, bringing generous returns to real estate investors.

 

Big Data 2: Export Trade Shows High-Speed Growth Trend

Greece's export trade is performing positively and well. According to figures provided by the Hellenic Statistical Authority, in the first half of 2017, the absolute value of Greece's exports (including fuel) increased by 18.2%, or 2 billion euros, compared to the first half of 2016, reaching 14.18 billion euros.

 

Excluding fuel products, exports grew by 690 million euros, an increase of 7.6% compared to the first half of last year. In June 2017 alone, excluding fuel products, exports increased by 11.8% compared to the same period last year, reaching 2.37 billion euros.

 

Big Data 3: Improvement in Greece's Fiscal Situation

According to information from the Hellenic Statistical Authority, the Bank of Greece, and Eurostat, there are approximately 60 various financial institutions in Greece, including 22 local banks, 21 foreign banks or branches, and 15 joint-venture banks. The four major commercial banks are: National Bank of Greece (ETHNIKI), Eurobank, Alpha Bank, and Piraeus Bank. In 2015, the bad debt ratio of Greek banks fell to 45%.

 

Starting from 2015, Greece's fortunes took a dramatic turn. According to data from the Hellenic Statistical Authority, Greece's GDP grew by 1.4% in 2017, and it is predicted that GDP is expected to grow by 2.7% in 2018, making it a dark horse in the Eurozone.

 

Big Data 4: Greek Real Estate Market is on an Upward Trend

The Greek newspaper 'Kathimerini' published Greek real estate data for January-May 2018. Data shows that in the first five months of this year, the number of recorded contracts at the Athens Land Registry increased by 49.2% compared to the same period last year, and residential construction is expected to increase by 27%.

 

Meanwhile, in the first quarter of 2018, investment in residential housing in Athens rose by 10.7%, and the issuance of private land construction permits increased by 6.4%, maintaining the upward momentum from the beginning of 2018.

 

Big Data 5: International Ratings Upgraded

Due to the reduction in Greece's political risk and the continuous growth of its GDP, Fitch Ratings upgraded Greece's long-term foreign currency issuer rating from CCC to B-.

 

In June, Moody's also upgraded Greece's bond rating, changing Greece's investment status from Caa3 to Caa2. This means that the rise of the Greek economy is affirmed and proven.

 

Big Data 6: Government Introduces Policies to Attract Foreign Investment

The Greek government actively supports investment and has promulgated and formulated various laws and policies to encourage domestic and foreign investment. On July 9, 2015, the Greek Parliament passed a new investment bill (Law No. 4332/2015), aiming to create a favorable environment for strategic investments. The bill includes a series of priority arrangements and incentive policies, making investment procedures faster, more transparent, and more productive.

 

Due to the government's active policies on investment, foreign capital has been entering Greece one after another. Foreign direct investment reached a 10-year high in 2016 and set a record again in 2017, reaching 2.1 billion euros in the first half of the year alone.

 

Big Data 7: International Capital is Laying Out in the Greek Market

 

Under the 'Belt and Road' initiative, a large number of Chinese enterprises have invested in Greece. To date, Chinese giants including Industrial and Commercial Bank of China (ICBC), COSCO Shipping, State Grid Corporation of China, Alibaba, Fosun Group, Shenhua Group, and Xiaomi have invested over 7 billion euros in Greece.

 

Dutch retail giant Spar has returned to the Greek market, Four Seasons Hotels and Resorts is expanding the Astir resort project in southern Athens; in January 2018, Barnes, one of the world's top five international real estate groups, announced its entry into the Greek market.

Currently, Greece's policy of 'investing 250,000 euros in property to immigrate with three generations of a family' is quite lenient. Obtaining a Greek permanent residence visa allows you to travel freely through 26 Schengen countries, enjoy the generous welfare benefits of EU countries, and achieve multiple goals such as asset allocation, identity planning, and elite education in one stop!

 

Good news for you: The high-quality apartments in the Athens coastal CBD, launched by Worldway, will be grandly launched globally in Shenzhen, Beijing, Hong Kong, Qingdao, Guangzhou, and Shanghai from August 3rd to 5th. This project is another collaboration between Worldway and a powerful Greek developer. Properties are limited, with permanent property rights. Purchasing a property grants permanent residency. The developer will be on-site to promote the project, and you can have priority in selecting properties! Starting today, the project is officially on sale. Domestic clients who book properties can enjoy multiple discounts!

 

Currently, Worldway also has exclusive agency for 8 units of this project, available only to Worldway clients. Quantities are limited, first come, first served. For details, please consult our exclusive immigration consultants or call our free consultation hotline: 400-138-2929. You are also welcome to contact Worldway for a field trip to Greece. After purchasing a property, Worldway Immigration Group consultants will also provide you with one-stop follow-up services!

Overview of the Athens Coastal CBD High-Quality Apartment Project

 

1. Project Introduction

The Athens Coastal CBD high-quality apartment project is another collaboration between Worldway and a powerful Greek developer, and the project selections are all boutique. The project area is a new golden development zone outside the center of Athens. It is an emerging wealthy area in southern Athens and also a 'new city' built along the coast of Athens. The overall planning is neat, the layout is high-end, and the house design is avant-garde.

2. Project Advantages

 

The project is located in the core area of southern Athens, the CBD business center, adjacent to the new landmark cultural center of Athens, the coastal park, and the headquarters of the Athens shipowner shipping group. It is close to the coastal promenade area of southern Athens, and you can walk to the seaside.

 

It takes 15 minutes by car to reach the center of Athens; an 8-minute walk to the famous 21st-century Athens cultural construction project—the Stavros Niarchos Foundation Cultural Center; it takes only 9 minutes by car to reach the charming Flisvos Marina, and 13 minutes to reach the largest urban development project in Europe—the Hellinikon old airport renovation project.

Perfect supporting management services, professional property butlers, 24-hour security monitoring, residents can enjoy a safe and high-quality life; perfect living supporting facilities, including schools, hospitals, supermarkets, restaurants, cultural centers, etc.

  

3. Real Scene Photos of the Project Location

4. Floor Plan Renderings

5. Floor Plan

Layout: One bedroom, one bathroom / Two bedrooms, two bathrooms

6. Launch Event Preview Information

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