The Greek Ministry of Finance recently submitted the 2020 national fiscal budget to the Greek Parliament. Based on factors such as increased investment, improved domestic demand, and tax reduction incentives, it is forecasted that the Greek economy will grow by 2.8% next year, and Greece will recover from its decade-long economic crisis.
In this 2020 fiscal budget, it is projected that the primary budget surplus will account for 3.56% of GDP next year, and the unemployment rate will decrease to 15.4%.
On the same day, the Organisation for Economic Co-operation and Development (OECD) released a report predicting that after a 1.9% growth in 2019, the Greek economy is expected to grow by 2.1% and 2.0% in 2020 and 2021, respectively. In its Economic Outlook report, the OECD noted that Greece is expected to meet its target of a 3.5% primary GDP surplus next year, and emphasized that the government's planned expansionary fiscal policy could bring growth exceeding expectations. The OECD believes that the employment situation and wage growth in Greece will boost consumption, while an improved financing environment and increased confidence will attract business investment.
Those who follow Greece know that the country's economic momentum has been strong in recent years, and it successfully exited its international bailout program in 2018. As the positive outlook for the Greek economy becomes increasingly apparent, a large number of international investors have flocked to the country, with the Greek real estate market being particularly hot.
As one of the primary ways for investors to participate in the Greek real estate market, the Greek property investment immigration program allows investors to apply for permanent residence visas for three generations of their family by investing in properties starting from 250,000 euros. This grants them the ability to travel freely across 26 Schengen countries, enjoy social benefits such as Greek education and healthcare, and acquire permanent property rights in Greece. It is a multi-benefit solution that is highly sought after by global investors.
Recently, there have been reports that the Greek Ministry of Interior is currently discussing adjustments to the threshold for the Greek property investment immigration program. Whether the threshold for this popular program will be gradually increased in the future remains to be seen. As an investor, while seizing opportunities, one must also be clearly aware that the window for investment is constantly narrowing. In the current favorable economic environment in Greece, not missing out is the best investment! Therefore, investors interested in the Greek market should act quickly to benefit sooner.
As one of the first immigration agencies to promote the Greek property investment immigration program in China, WorldWay Group has partnered with a reputable Greek developer to introduce another major property project—the Athens Full Sea View Rooftop Garden Apartment. Significant discounts are currently available for property purchases!
Project Overview: Athens Full Sea View Rooftop Garden Apartment
Project Type: Apartment
Unit Type: 2-bedroom
Price: Starting from 299,000 euros
Project Highlights: Excellent location with convenient transportation; rich surrounding educational resources; complete supporting facilities, including a communal swimming pool and a rooftop garden with sea views; purchase discounts available; complies with the Greek property investment immigration law, allowing the whole family of three generations to apply for Greek permanent residence visas.
The project offers 8 two-bedroom apartments, featuring a communal swimming pool and a rooftop garden with full sea views, providing residents with a high-quality living experience. Residents have access to private outdoor spaces within each apartment, the shared rooftop garden, and the communal swimming pool on the ground floor. Residents on the top floor can enjoy sea views from their private rooftops and have the option to install a jacuzzi for relaxation.
Superior Geographical Location
The project is located in Glyfada, a coastal city in the south of Athens, known for its beautiful beaches, Michelin-starred restaurants, and various shops. The project is adjacent to various public, private, and international schools, offering educational choices from kindergarten to university. The project is close to the subway station, making transportation very convenient.
The Metropolitan Park project next to the site is a brand-new key infrastructure development. It will be a 2,000,000-square-meter metropolitan park aimed at the sustainable development of the coastal area, and it may become one of the largest urban infrastructure projects in Europe in the coming years. The "green" and "smart" design of the Metropolitan Park will significantly improve the living standards of Athens residents while providing a variety of services and facilities. The Metropolitan Park project will include a wide range of residential communities, hotels, shopping centers, museums, cultural and family entertainment venues, health and wellness centers, sports and recreational spaces, and modern business parks combining education and R&D. These facilities will complement the existing marina to enhance the development of the coastal area.
Project Renderings
WorldWay: An Early Immigration Agency Promoting the Greek Property Investment Immigration Program in China
In 2013, we partnered with the Greek Embassy in China to hold the launch ceremony for the "Greek Property Investment Immigration" program in China, introducing this project to the Chinese market;
Senior executives of WorldWay Group have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Ministers, Consuls, and immigration officials.
WorldWay's November promotion for immigration projects across 18 countries is currently underway! During the event, there are many discounts and surprises. We welcome new and old clients to participate actively and seize the opportunity! For more details, please call: 400-138-2929.
Property images are for reference only; the actual delivered property shall prevail.