According to data released by the Bank of Greece on December 12, the Greek real estate market continued to recover in the third quarter, with housing prices rising for the seventh consecutive quarter, showing promising results.
Data shows that in the third quarter of this year, across Greece, both new and old properties maintained an upward price trend. The overall price of apartments in Greece increased by 9.1% compared to the same period last year, with a growth rate higher than the 7.7% in the second quarter. The price increase in the capital, Athens, was even more significant, reaching a year-on-year growth of 11.9%.
In recent years, Greece's economic improvement, coupled with the support of the "Golden Visa" program, has allowed housing prices in Greece to rebound rapidly. Since the beginning of this year, housing prices in Greece have risen at a strong pace not seen in 12 years. In the first quarter, the overall housing price in Greece increased by 4%, while the price in Athens rose by 5.8% year-on-year. In the second quarter, housing prices in Greece increased by 7.7% year-on-year, with Athens seeing an 11.1% increase.
Earlier this year, Maginas, an economist at the National Bank of Greece, stated that the Greek real estate market is developing in a positive direction, with Athens showing particularly encouraging price performance. Maginas noted that the inventory of unsold homes in Greece is gradually decreasing, and as long as the Greek economy continues to recover, property prices in Greece are likely to keep rising.
In recent years, Greece's economic development has been rapid. In 2018, Greece officially launched international assistance. In November 2019, Greece repaid 2.7 billion euros in loans to the International Monetary Fund (IMF) ahead of schedule, strengthening Greece's national credibility, reducing borrowing costs, and improving the sustainability of public debt, which further enhanced international confidence in Greece.
With the recovery of the Greek economy and the introduction of a series of favorable measures, the Greek real estate market has also entered a new peak, presenting new investment opportunities for investors.
For those interested in investing in immigration to Greece, the Greek property investment immigration program is currently considered to be a cost-effective option from various perspectives, including investment, self-occupation, and retirement. Currently, investing in properties starting from 250,000 euros not only allows three generations of the family to apply for Greek permanent residence visas, enabling travel to 26 Schengen countries, but also provides access to Greek education, healthcare, and other social welfare benefits, as well as the acquisition of properties with permanent ownership in Greece, making it a win-win situation.
Worldway Group, as one of the early immigration agencies promoting the Greek property investment immigration program in China, has partnered with reputable Greek developers to introduce another significant property project to investors—the Athens Full Sea View Rooftop Garden Apartments, with substantial discounts available for home purchases!
Athens Full Sea View Rooftop Garden Apartments Project Overview
Project Type: Apartment
Unit Type: 2 Bedrooms
Price: Starting from 299,000 euros
Project Highlights: Excellent location, convenient transportation; rich educational resources nearby; complete supporting facilities, including a public swimming pool and a rooftop garden with sea views; discounts available for home purchases; compliant with the Greek property investment immigration law, allowing three generations of the family to apply for Greek permanent residence visas through property purchase.
The project offers 8 two-bedroom apartments, featuring a public swimming pool and a rooftop garden with full sea views, providing residents with a high-quality living experience. Residents can use the private outdoor space in each apartment, the shared rooftop garden, and the communal swimming pool located on the ground. Residents on the top floor can enjoy sea views from their private terrace and have the option to install a hot tub for relaxation.
Excellent Location
The project is located in Glyfada, a coastal city in southern 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 options from kindergarten to university. The project is close to a metro station, making transportation very convenient.
The nearby Metropolitan Park project is a newly prioritized infrastructure development, covering an area of 2,000,000 square meters, aimed at sustainably developing the coastal area. This project is expected to be one of the largest urban infrastructure projects in Europe in the coming years. The "green" and "smart" designs in the Metropolitan Park will significantly enhance the living standards of Athens residents while providing various services and facilities. The Metropolitan Park project will include a variety of residential communities, hotels, shopping centers, museums, cultural and family entertainment venues, health and wellness centers, sports and recreational spaces, as well as modern business parks integrating education and research and development. These facilities will complement the existing marina, enhancing the development of the coastal area.
Project Renderings
Worldway is an early immigration agency promoting the Greek property investment immigration program in China
In 2013, we collaborated with the Greek Embassy in China to hold the launch ceremony for "Greek Property Investment Immigration" in China, introducing this program to the country;
Senior executives of Worldway Group have met with dozens of dignitaries, including the Greek Ambassador to China, the Commercial Counselor, Consul, and immigration officials.
Great news! To thank our new and old clients for their continued trust and support, at the end of 2019, Worldway is launching a "Year-End Mega Sale, Customer Appreciation" promotion with significant discounts from December 1 to 31, 2019. There will be many activities, numerous discounts, and surprises, and we welcome all new and old clients to actively participate and seize the opportunity! For more details, please consult: 400-138-2929.
Property images are for reference only; actual delivery may vary.