The Greek real estate market has thawed from its decade-long winter! Worldway Group has learned that the Independent Authority for Public Revenue (AADE) of Greece stated in a report that the total number of real estate transactions in Greece reached 26,700 in 2018, an increase of 42% compared to the 18,800 transactions in 2017, providing strong evidence for the recovery of the country's real estate market.
The Independent Authority for Public Revenue of Greece stated that in 2018, tax revenue from real estate transactions in the country increased by 41% from 164.62 million euros in 2017 to 232.25 million euros.
In terms of transaction volume, the Attica region led by far compared to other regions. In 2018, the number of housing transactions in this region increased by 67.5% compared to 2017, reaching 14,291 units, of which 5,806 were in Athens, involving 4,700 transactions of apartments and detached houses.
2018 was a turning point for Greece; economic recovery has become the general trend, and more and more capital is flowing into Greece for investment. According to the latest data from the Bank of Greece, a total of 1.35 billion euros of foreign capital flowed into Greece through real estate transactions last year, a year-on-year increase of 172%!
Real estate professionals stated that investment in the Greek housing market by foreign investors peaked in 2018, and foreign investor purchases were mainly concentrated in three types of properties: apartments in the center of Athens, apartments in the southern suburbs of Attica, and luxury vacation homes.
The explosive growth of the short-term rental and homestay industry in Greece in recent years is also a major factor contributing to foreign investors' massive entry into the Greek real estate sector. On the other hand, the development of the Greek tourism industry has also stimulated a surge in demand for homestays.
Currently, Greek housing prices are still in the rebound stage. According to official Greek real estate data, in 2018, property values in core areas such as the Acropolis of Athens, around Syntagma Square, along the coast, and near international schools increased by 30% to 50%, while values in the Piraeus port area and surrounding areas radiated by the core areas increased by 10% to 20%.
Through the Greek real estate investment immigration program, you only need to invest from 250,000 euros to participate in the Greek real estate investment market, while also allowing three generations of your family to quickly obtain the Greek Golden Visa and travel freely across Europe.
Recently, the Greek government has announced a series of positive news, such as expanding the scope of the Greek "Golden Visa" issuance and eliminating the need for scheduling starting from May 1, 2019. All these positive signs indicate that Greece, with its warming economy, is opening its arms to welcome global investors. It is clear that now is the right time to invest in Greece! If you are interested in learning more about Greek investment immigration, please feel free to contact Worldway Group. Worldway Group possesses excellent government relations, high-quality real estate projects, customized immigration plans, and comprehensive, thoughtful services to make your overseas investment easier.
Pioneer of Greek real estate investment immigration, Worldway Group, joins hands with powerful Greek developers
Heavily launching super long-term lease commercial properties in the center of Athens, now on sale
Tourism hotel + office integrated space, a new choice for digging gold in Greece
Overlooking the Acropolis of Athens, 2 minutes walk to the subway station
Perfect combination of hotel, commercial space, and shared office space
Rich operational experience, unified management, a new worry-free and convenient investment choice
12-year lease with no vacancy period, considerable annual rental return
The project is located in the main urban area of Athens, adjacent to the beautiful coastal promenade and the former royal area. It is a 2-minute walk to the subway station, seamlessly connecting to the city's transportation hub, making it easy to reach all parts of Athens.
A 2-minute walk to the subway station provides convenient transportation and easy access without the trouble of parking. It takes less than 10 minutes by subway to reach the city center and about 10 minutes to reach Alimos, bringing great convenience to customers and partners, and bringing constant foot traffic to the shops. It is also easy to reach law firms, tax consultants, and government departments, seamlessly connecting with Athens' high-net-worth individuals.
Core location, consumption center, perfect combination of hotel, commercial space, and shared office space, born to meet market demand, realizing the diversification, humanization, and maximization of economic benefits of space functions.
Above the shops is a high-end hotel with complete facilities. The ground floor shops will feature a hotel lobby, high-end restaurants, cafes, etc., to meet the diversified living needs of high-net-worth individuals. The first floor is equipped with a shared office area, integrating living and working, encompassing a three-dimensional space for living, working, leisure, and entertainment, creating a highly efficient and vibrant community.
Super long-term lease commercial properties in the center of Athens, buy a property to quickly obtain a Greek Golden Visa, which will set off a new wave of investment in Greece. Properties are limited, first come, first served! Property purchase hotline: 400-138-2929.