According to data collected by the Bank of Greece from credit institutions, property prices in Greece increased by 6.9% in the first quarter of 2020 compared to the same period in 2019.
Geographically analyzed data shows that in the first quarter of 2020, property prices compared to the same period in 2019 rose by 10.6% in Athens, 5.5% in Thessaloniki, 2.9% in other major regions, and 4.3% in other areas of the country.
According to a report by the Greek Daily, Greek real estate has gradually become a hotspot for high-net-worth individuals globally, and despite the impact of the pandemic on the global economy, it has not affected property prices in Greece at all. In fact, the momentum of the Greek real estate market was already very strong before the pandemic.
In fact, the lockdown measures caused by the pandemic only temporarily restricted investment activities, while the desire to invest in Greece has increased rather than decreased. According to an industry survey, under the pandemic, the demand for real estate in Greece has rebounded against the trend, with 85% of buyers or tenants not wanting to delay or cancel their purchasing and leasing decisions due to changing conditions. In response to the pandemic, the Greek government's control measures have been timely and effective, minimizing the impact of the pandemic on production and social order, setting a benchmark in Europe and even the world, and enhancing investors' confidence in investing in Greece.
Due to Greece's significant achievements in pandemic control, Prime Minister Mitsotakis stated that the Greek tourism industry has the potential to become an international model after years of effort. To boost the restart of the tourism industry, the Prime Minister recently visited the famous Greek resort island of Santorini. During his visit, he announced the official opening of the summer tourism season in Greece for 2020 and extended an invitation to tourists worldwide.
The Greek Prime Minister told reporters from international media: "The tourism season in Greece is back! The message I want to convey today is simple: tell your friends, readers, listeners, and viewers that Greece is open, and we welcome tourists. Our goal is to make Greece the number one tourist destination in Europe and also a safe tourist destination in Europe."
With the tourism industry in Greece leading the way in reopening, the economy will also recover sooner, and the real estate market and immigration applications may usher in a new wave of prosperity. It can be said that now is the best time to invest in Greece! Currently, immigrating to Greece and purchasing property starting from €250,000 allows one investment to cover three generations, granting access to 26 Schengen countries, with options for tourism, vacation, and property rental and sales. June is the promotional period for buying property for immigration to Greece, making it a rare opportunity, and purchasing a property comes with great benefits.
2020 is the year of health planning. Health planning and identity come first; choose to immigrate to Greece through property investment. For more details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798.
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* Investment involves risks; the above information is for reference only.*