Recently, Yannis Stournaras, Governor of the Bank of Greece, submitted the "Monetary Policy Report 2019-2020" to the Greek Parliament, predicting a full economic recovery for Greece in 2021. Based on economic trends, the Bank of Greece forecasts that the Greek economy will recover at rates of 5.6% in 2021 and 3.7% in 2022.
In fact, the Greek economy was already gradually recovering in 2020. According to Greek customs statistics, on the day Greece opened its borders, approximately 60,000 people entered the country by sea, land, and air. A total of 28 flights landed at Athens International Airport, with 3,500 tourists entering Greece through the airport. Tourism is vital to Greece's economic recovery; the influx of tourists not only brings tourism revenue but also continues to revitalize local hotels, homestays, and rental markets, thereby driving up the real estate market.
According to data provided by the Greek newspaper "Kathimerini," in April of this year, the search rate for Greek properties by potential foreign buyers increased by 19.3%, contrary to expectations that it would decline due to the pandemic. By the end of April, this growth further expanded to 30%.
Meanwhile, the issuance of building permits in the private sector in January 2020 showed that construction capacity in the region where the capital, Athens, is located doubled compared to the same period last year, surging by 167.6%. Both construction activity and the real estate transaction market are very active. Compared to the same period in previous years, the growth in both the number of building permits and construction area is significant.
On the other hand, data collected by the Bank of Greece from credit institutions shows that in the first quarter of 2020, Greek property prices increased by 6.9% compared to the same period in 2019.
These data fully demonstrate that Greek real estate buyers remained active during the pandemic, and demand for Greek real estate is continuously accumulating. Supported by the immigration policy of obtaining permanent residency for the whole family by purchasing property worth 250,000 euros, it is believed that the Greek real estate market will usher in another golden period.
In the first half of 2020, the Greek government introduced several preferential investment immigration policies, such as simplifying the application process, shortening waiting times, and extending the validity of residence permits, which has boosted investors' confidence in handling Greek immigration. If you have needs for health planning, education, retirement, or asset allocation, you must act in advance. Now is the best time to invest in Greece!
Currently, by immigrating to Greece and purchasing property starting from 250,000 euros, one person's investment allows three generations to immigrate, granting free travel across 26 Schengen countries, suitable for both tourism, vacations, and property leasing or sales. July is the promotional period for Greek property investment immigration; the opportunity is rare, and you can receive a gift package upon purchasing a property.
2020 Health Planning Year: Health planning, status first, choose Greece for property investment and immigration. For 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. *