With the development of the economy, immigration is no longer a novel concept. Many high-net-worth families choose to immigrate abroad to provide a better life for their families. Among the various immigration programs, real estate immigration is one of the most favored methods by Chinese applicants. Why is this the case?
Greece has a low immigration threshold, making it highly popular among overseas individuals.
Overseas individuals only need to spend €250,000 to apply for immigration to Greece, allowing many applicants to start a new life in Greece. When asked about their experiences living in Greece, many overseas individuals express that the cost of living in Greece is high, and the abundance of free time allows for unrestricted travel. The slow-paced lifestyle in Greece helps individuals relax, which easily leads to a sense of satisfaction for applicants.
Real estate immigration to Greece and Spain allows applicants to enjoy various benefits.
After immigrating to Europe, applicants will enjoy the benefits provided by various European countries. It is well-known that Europe's rich welfare system is envied by countless overseas individuals, prompting many to choose to immigrate to Europe. For instance, after immigrating to Greece, one can enjoy comprehensive medical services in Greece, Spanish pension benefits, and the ability to travel freely across multiple Schengen countries, which is very convenient.
Access to high-quality education in European countries is a significant reason for families in China to immigrate.
Many families in China choose to buy property in Europe to provide their children with access to high-quality educational resources, such as immigration to Portugal or investment in Europe, like immigration to Malta. The opportunity for applicants' children to enjoy quality education and gain admission to prestigious universities is something every parent hopes for, making it a crucial reason for their choice to buy property or invest in Europe.
Housing prices around major cities in Spain continue to rise.
According to a housing survey report by the Spanish Valuation Society (Sociedad de Tasación), the inventory of new homes in Madrid and Barcelona has decreased by 90% in the past two years. In 2014, nearly 60% of new homes sold in Barcelona and Madrid were ready for immediate occupancy. However, today, only 15% of new homes sold in Barcelona are ready for immediate occupancy, and even fewer in Madrid, at only 3%. Meanwhile, the demand for housing in Spain is increasing, and the rate of price growth is remarkable. In the first half of 2018, the average housing price in Spain rose by 4.5%, with an increase of over 10% in popular areas of Barcelona. This has forced those eager to purchase new homes to move to the suburbs, with many properties being reserved even before construction begins.
The tourism industry in Portugal drives up housing prices.
In recent years, Portugal's tourism industry has been thriving and maintains strong competitiveness globally. The rapid growth of the tourism industry has not only created more related job opportunities but has also contributed to the rise in housing prices to some extent.
Recently, the National Statistics Institute of Portugal released a report on national housing price growth for the third quarter of 2018, showing that housing prices in the capital, Lisbon, increased by 24.3%, with an average price of €2,877 per square meter. Porto saw an increase of 21.6%, with an average price of €1,525 per square meter. The national average housing price rose by 7.9% compared to the same period last year, reaching €984 per square meter.