According to the latest data on the Golden Visa released by the Greek Immigration Bureau, as of September 2, 2020, Greece has issued a total of 7,903 Golden Residence Permits, of which Chinese families account for 5,869, representing 74.3%.
A total of 23,618 Golden Visas have been issued, with as many as 17,794 being Chinese investors, accounting for 75.3% of the total for the year. The proportion of Chinese obtaining Greek Golden Visas has reached a new high!
From Greece's recent performance, whether in terms of policy or economic data, Greece has not disappointed investors: the Greek economy has begun to recover, with positive signals emerging in investments!
The Greek government's new economic plan may promote the prosperity of the real estate market
On September 12, Greek Prime Minister Mitsotakis announced a new economic and reform plan at the first Thessaloniki Helexpo Forum to address the pressures brought by the pandemic.
The Greek government will invest 6.8 billion euros to increase market liquidity through measures such as tax reductions, subsidies, and restoring pensions cut during the debt crisis, stimulating investment and alleviating the burdens on businesses, employees, the unemployed, and retirees. He also announced several reform initiatives related to the labor market, healthcare, and education to increase employment, improve administrative efficiency, and enhance public services.
In attracting foreign investment and stimulating local investment projects, Mitsotakis stated that in the coming year, the Greek government will focus on modernizing labor market reforms; introducing new debt settlement rules; developing new land planning; simplifying the process for obtaining investment permits, especially for renewable energy projects; restructuring the national healthcare system; implementing a new public procurement system to reduce bureaucracy and increase transparency, etc.
Greek developers have indicated that the government's new plan aims to encourage investment in the country's real estate market. With the lifting of travel restrictions globally and a surge in interest, the real estate market is expected to perform strongly in the fourth quarter.
Housing prices are rising against the trend
According to data from the Bank of Greece, in the first quarter of 2020, property prices in Greece increased by 6.9%. In the second quarter, property data showed a price increase of 4.8%. The second quarter of 2020 was significantly affected by the COVID-19 pandemic, as reflected in the data on Greek property prices, which, although the growth rate slowed compared to the first quarter, still maintained an upward trend.
In addition, PwC and the Urban Land Institute (ULI) released the "2020 European Real Estate New Trends" report. This report incorporates the opinions and suggestions of 885 real estate professionals and analyzes the investment and development expectations for 30 European cities and 22 real estate sub-sectors in 2020. In this report, Athens, Greece, performed exceptionally well. In the forecast of rental price and property value changes, Athens rose from 5th place in 2019 to 1st place.
All signs indicate that after enduring the test of the pandemic, supported by the 250,000 euro property investment immigration policy, the Greek real estate market continues to rise, mutually reinforcing Greece's strong economic recovery, making it a "land of opportunity" in the eyes of global investors.
Visionary investors have already taken the lead in entering the Greek investment market. If you have needs related to overseas identity, asset allocation, or children's education, you must act in advance! Currently, through the Greek Golden Visa program, you can immigrate to Greece by purchasing property starting from only 250,000 euros, allowing three generations of your family to apply for permanent residency in Greece, enter the Greek investment market, and obtain high-quality Greek properties with permanent ownership, enjoying the dividends from property appreciation, achieving multiple benefits. September is the promotional period for Greek property immigration, and opportunities are rare; purchasing property will grant you a great package, so seize this opportunity in a timely manner!
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2020 is the year of health planning. Health planning, identity first, choose Greek property immigration. For more details, please consult: Mainland China: 400-138-2929 Hong Kong, China: (852) 2802 8798.
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