Before his election, the new Greek Prime Minister Kyriakos Mitsotakis promised to "revitalize the middle class." Supporting reforms, creating more tax cuts, and removing obstacles to doing business have become his top priorities since taking office. Now, these promises are very likely to be realized!
Recently, the Greek government stated that it will determine the scale of the new Single Property Tax (ENFIA) reduction plan for 2020 based on the additional revenue obtained by incorporating new areas into the objective value system! It is worth noting that the average reduction of Greece's ENFIA this year was 22%. Small properties with an objective value of up to 60,000 euros enjoyed a 30% reduction in ENFIA, while larger properties (over 1 million euros) saw a 10% reduction, and other properties saw price reductions between 20% and 26%.
Finance Minister Christos Staikouras stated that further reductions in ENFIA for 2020 will depend on whether the inclusion of new areas in the objective value system creates fiscal room for maneuver, which is expected to be known next May. "In addition to this year's tax cuts, there may be some additional compensation for households paying high taxes in May next year."
Relevant experts say that the potential further reduction of Greek property taxes is undoubtedly a major benefit for the vast number of immigrant investors, which will reduce investment costs for them!
With the current Greek real estate market improving across the board and Moody's upgrading its credit rating, investing in Greece is a great opportunity! Through the Greek property investment immigration program, you can purchase property starting from 250,000 euros, and three generations of your family can apply for a Greek permanent residence visa, allowing you to travel freely through 26 Schengen countries while also acquiring property with permanent ownership—a multi-benefit solution!
As one of the earliest immigration agencies to promote the Greek property investment immigration program in China, Worldway Group has partnered with powerful Greek developers to introduce multiple property projects to investors, such as brand-new apartment projects in downtown Athens, Athens coastal apartments, Mykonos garden villas, Tinos coastal garden villas, and Athens city hotel shops, which are among the most popular projects in the market!
Brand-new Apartments in Downtown Athens
Layout: 1 bedroom, 1 bathroom
Purchase 2 properties starting from 257,000 euros
The project consists of 54 modern serviced apartments with an excellent location, convenient transportation, and elegant design, featuring amenities such as a gym and a rooftop swimming pool. Residents can enjoy magnificent views of the Acropolis and the Athens city center landscape.
Athens Coastal Apartments
Layout: 1 bedroom / 2 bedrooms
Overlooking the Athens Coastal Promenade
This project is a series of contemporary-style apartments equipped with large balconies. The project is located on the Athens coastal promenade, with an excellent location and convenient transportation. The apartment building roof is equipped with an open-air cinema, gym, lounge area, and other living facilities.
Greek Mykonos Garden Villas
Layout: 1 bedroom
Island Tourism Real Estate
The Mykonos Garden Villa project is located in Mykonos Town on the island of Mykonos, Greece, near Elia and Agrari beaches. It features large gardens, swimming pools, and other supporting facilities, making it a large-scale property project on Mykonos. Once completed, it is highly likely to further transform the island from a European tourist destination into a global travel hotspot, making it a good choice for overseas asset allocation.
Greek Tinos Coastal Garden Villas
Layout: 1 bedroom / 2 bedrooms
Enjoy Unobstructed Sea Views
This project is located on the island of Tinos, Greece—the sister island of Santorini and Mykonos. Every unit enjoys beautiful sea views. The island has convenient transportation and complete living facilities. Purchasing a property comes with a large garden, swimming pool, and parking space. The secluded design allows you to enjoy the beautiful Aegean Sea.
Athens City Hotel Shops
Diversified Living Community
The project is located in the main urban area, near the beautiful coastal promenade and the former royal district, overlooking the Acropolis. It is close to the subway station, with convenient transportation, and can connect to the city's transportation hub, making it easy to reach all parts of Athens. Above the shops is a hotel, and the ground floor shops feature a hotel lobby, restaurant, cafe, etc., equipped with shared office areas, creating a living community that integrates living, working, leisure, and entertainment to meet the diversified living needs of high-net-worth individuals.
Worldway Group: An early immigration agency to promote the Greek property investment immigration program in China
In 2013, we partnered with the Greek Embassy in China to hold the "Greek Property Investment Immigration" launch ceremony in China, introducing this project to China;
Worldway Group executives have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Ministers, Consuls, and immigration officials.
Investors concerned about Greek property investment immigration know that in the current favorable Greek economic environment, not missing out is the best investment! Therefore, investors interested in participating in the Greek investment market should seize the time, act early, and benefit early. For more details on Greek property investment immigration, please consult: 400-138-2929.
Property images are for reference only; the actual delivered property shall prevail.