According to Greek media reports, on August 26 local time, Greek Prime Minister Kyriakos Mitsotakis delivered a speech in Parliament, announcing the full lifting of capital controls that have been in place for four years.
Prime Minister Mitsotakis stated: "Capital controls are now a thing of the past for Greece. Greece and the Greek people are entering a brand new era!"
Analysts believe that the lifting of capital controls will help Greece attract investment and improve its credit rating. Currently, the three major international rating agencies have assigned the following sovereign credit ratings to Greece: Moody's rates Greece at "B1" with a "stable" outlook; Fitch rates Greece at "BB-" with a "stable" outlook; and S&P has confirmed Greece's rating at "B+" with a "positive" outlook.
Looking back four years ago, at the end of June 2015, Greece decided to hold a national referendum on the draft bailout agreement from creditors. After the news was announced, the European Central Bank decided to stop increasing the emergency liquidity assistance ceiling for Greece, causing a violent reaction in international financial markets. As most of the Greek public was psychologically unprepared for the referendum, Greek banks faced immense pressure from bank runs and were forced to implement capital controls nationwide starting June 29.
Although capital control measures have been continuously relaxed in recent years as the Greek economy has improved, the news of the early announcement of the complete lifting of capital controls has still greatly excited the market. It is seen as a strong signal to the Greek people and potential investors in Greece that the Greek economy is recovering and the outlook is positive, marking a brand new era for investing in Greece!
Greece property investment immigration is a preferred choice for both investment and residency. By purchasing properties starting from 250,000 euros, investors not only acquire freehold properties in Greece but can also apply for permanent residency in Greece for three generations of their family, allowing them to travel freely across 26 Schengen countries.
As one of the top 500 Asian brands, WorldWay Group, as one of the earliest immigration agencies to promote the Greek property investment immigration program in China, has partnered with a powerful Greek developer to present another major masterpiece—a brand-new apartment project in the center of Athens. Starting from 257,000 euros, investors can purchase two brand-new apartments in the center of Athens, and the purchase also allows the whole family to obtain Greek permanent residency.
Overview of the Brand-New Apartment Project in Athens City Center
Project Type: Apartments & Shops
Layout: 1 Bedroom, 1 Bathroom
Price: Starting from 107,000 euros
Project Highlights: Superior location with convenient transportation; enjoys views of the Acropolis of Athens; elegant design with complete basic amenities; purchase 2 units starting from 257,000 euros, and the whole family can obtain a Greek Golden Visa
The project consists of 54 modern serviced apartments in a 6-story building, with 9 units on each floor, 2 retail stores on the ground floor, and 28 parking spaces in the basement. The project also features fitness facilities and a rooftop swimming pool for residents. From the first floor to the rooftop, residents can enjoy magnificent views of the Acropolis of Athens and the Athens city center. Modern serviced apartments can provide extra comfort or a more unique travel experience for frequent or occasional travelers.
Superior Location
Located in the center of Athens, in the Evelpidon area, it boasts a superior location, adjacent to Pedion tou Areos Park and the Court of First Instance.
Due to the high security of the Evelpidon area, it has attracted many lawyers to set up their offices there. In addition to being an upper-middle-class residential area, it is also a popular area for students and young people due to its convenient access to nearby universities, shops, parks, and sports facilities.
Convenient Transportation
The project is located in an area with convenient transportation, close to the subway station, providing fast and efficient urban transport connections.
Elegant Design and Complete Amenities
The project has complete basic amenities, close to 2 universities, law firms, banks, pharmacies, restaurants, cafes, etc., suitable for short-term or long-term living, providing residents with a comfortable home. The elegant interior design allows residents to enjoy the feeling of home. Some apartments are equipped with spacious living rooms and balconies, suitable for professionals working from home or university students. After a day out, residents can use the rooftop swimming pool and gym to enjoy the charming panoramic view of Athens.
In the current favorable economic environment in Greece, not missing out is the best investment! Investors interested in participating in the Greek investment market should act early to benefit early. For more details on Greek property investment immigration, please consult: 400-138-2929.
WorldWay—The earliest immigration agency to promote the Greek property investment immigration program in China
In 2013, partnered with the Greek Embassy in China to hold the "Greek Property Investment Immigration" launch ceremony in China, introducing this program to China.
Senior executives of WorldWay Group have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Ministers, Consuls, and immigration officials.
