According to recent survey data, the Greek residential market is gradually recovering. The survey shows that in the second quarter of 2021, housing prices in the Attica region, where Athens is located, rose by 10.1% year-on-year, reaching 1,155 euros per square meter. Asking prices in the northern and western suburbs of the capital, Athens, also rose by 7.9%, reaching 2,430 euros/sqm and 1,407 euros/sqm, respectively. Prices in the southern suburbs of Athens remain high, with an average asking price of 2,766 euros/sqm, and sales volume increased by 6.4% compared to the same period in 2020.
The center of Piraeus saw an increase of 6.7%, reaching 1,540 euros/sqm. Asking prices in the suburbs of Piraeus rose by 10.1%, reaching an average of 1,270 euros per square meter. Meanwhile, asking prices in the suburbs surrounding Thessaloniki rose to 1,200 euros/sqm, an increase of 5.9%, reaching 1,563 euros/sqm.
Furthermore, rents in the leasing market have shown a clear upward trend on both an annual and quarterly basis. For example, in the northern suburbs of Athens, the average asking price was 9.17 euros/sqm. The second quarter saw an 8.4% year-on-year increase compared to April-June 2020, and a 4.6% quarter-on-quarter increase compared to the first quarter of 2021.
It can be said that now is a good time to invest in Greece. International rating agencies have also provided positive signals; in its report, Standard & Poor's projected a 4.9% rebound in the Greek economy this year, higher than the Bank of Greece's economic forecast of 4.2%, and expects the Greek economy to grow by 5.8% in 2022. The return of Greece's sovereign credit rating to "investment grade" sends a signal to investors that the Greek real estate market is "worth investing in."
The rise in Greek housing prices indicates that the Greek economy is further recovering. It is believed that as pandemic control measures are further relaxed, with the continued influx of domestic and international tourists and investors' increasing commitment to the Greek Golden Visa, Greek housing prices in 2021 still have very promising room for growth! Greek Prime Minister Kyriakos Mitsotakis previously stated at the Economist Roundtable held in Athens that the Greek economy has withstood the impact and test of the COVID-19 pandemic and is ready for recovery. He feels "extremely optimistic" about the future direction of the Greek economy.
Currently, through the Greek Golden Visa program, investors who invest in properties starting from 250,000 euros can not only apply for permanent residence visas in Greece for three generations of their family and travel freely through 26 Schengen countries, but also enjoy social welfare benefits such as Greek education and medical care. At the same time, they can acquire properties with permanent property rights in Greece and establish a second home overseas, which can be described as achieving multiple goals at once. Currently, it is a preferential period for Greek property investment immigration; the opportunity is rare, and a large gift package is available upon property purchase. Those interested must seize the opportunity in time!
As one of the Top 500 Asian Brands, Worldway Group, as an immigration agency that was among the first to introduce Greek property investment immigration projects to China, is once again joining hands with powerful Greek developers to grandly introduce another heavyweight Greek property investment immigration project to investors—the Athens Coastal CBD Light Luxury Apartments, suitable for both renting and self-occupation.
Athens Coastal CBD Light Luxury Apartments
◆ Built by a powerful developer, finished two-bedroom ready-to-move-in property
◆ Enjoy discounts on property purchases, free furniture package worth 20,000 euros
◆ Located on the Athens coastal promenade, adjacent to the southern CBD business district, with broad prospects
◆ Located in Faliro Bay, within 10 minutes of the Stavros Niarchos Foundation Cultural Center and Flisvos private yacht marina
◆ Convenient transportation, 15 minutes to Syntagma Square in the center of Athens
◆ Convenient living, within 10 minutes of top private hospitals, shopping malls, cinemas, large chain supermarkets, multiple public schools, and stations
◆ Large balconies, north-south transparency, top-floor luxury clubhouse (cinema, gym, lounge, etc.)
◆ Designed by London designers, selected European building materials and furniture
This project is a series of modern-style light luxury apartments, equipped with large balconies, light luxury design, and crafted with exquisite workmanship combined with high-quality materials. The rooftop open-air cinema, gym, lounge area, and other supporting facilities allow residents to have a better living experience, making it an ideal choice for urban life.
1. Excellent geographical location, broad prospects
The project is located on the Athens coastal promenade, a popular area that is a new business center planned and continuously developing in Athens. The project is close to the Port of Piraeus, adjacent to the new headquarters of the Greek shipping tycoon's shipping group, surrounded by shipping companies, and the Stavros Niarchos Foundation Cultural Center is also close at hand, which will undoubtedly enhance the location value of the area. The area where the Athens Coastal CBD Light Luxury Apartments are located can enjoy the freshness and beauty of the coast, and can also conveniently reach the center of Athens. With the rapid development of the area, the rental demand in the southern central business district is becoming increasingly strong, and its development prospects are very broad.
2. Very complete supporting facilities, enjoy a convenient life
The project enjoys complete supporting facilities, within walking distance to multiple schools, luxury marinas, five-star hotels, healthcare facilities, and other complete supporting facilities, including hospitals, supermarkets, large supermarkets and shopping centers, as well as restaurants, bakeries, cinemas, museums, pharmacies, banks, post offices, etc., committed to creating a convenient and high-quality living experience in the southern CBD of Athens for residents.
3. Convenient transportation, easy travel to and from all parts of Athens
The project location is connected to several main roads in Athens, from where you can easily drive to all parts of Athens. It is a 1-minute walk to the bus station, and a few minutes to the nearby tram and subway stations. The tram can conveniently reach the center of Athens, and the subway station can also reach all parts of Athens.
4. Enjoy five-star service
Project residents enjoy exclusive use of the rooftop lounge area, gym, and open-air cinema. The project's unique rooftop leisure area provides an environment for relaxation and communication, where you can share wonderful and leisurely time with family and friends. The decoration of the rooftop area is gorgeous and exquisite, providing a comfortable and warm space for residents' lives, whether it is a small party carefully prepared or a lazy afternoon on a whim. In addition, the project also provides exclusive all-around concierge services, allowing residents to experience a convenient urban life.
5. Modern and avant-garde design
The project is beautifully designed, using high-quality materials, and carefully designed and built. Each apartment has modern furniture and large balconies, with plenty of natural light. Walking into the apartment, you can enjoy the pleasant fashion and comfort of its interior.
(The above are interior renderings of the project, for reference only, subject to actual delivery)
In addition to the Athens Coastal CBD Light Luxury Apartments, Worldway also joins hands with powerful Greek developers to introduce a variety of high-quality properties to investors, such as brand-new apartments in the center of Athens, to meet the needs of different investors.
There is no need to elaborate on how popular Greek properties are! Not missing out is the best investment! Currently, you can enjoy heavy discounts when purchasing Athens coastal apartments. Properties are limited, first come, first served!
Currently, Worldway is launching a "Apply for Canadian Immigration, Get an IELTS Gift Package" campaign. From now until June 30, 2021, limited spots are available, first come, first served! With 20 Canadian immigration projects, there is always one that suits you! For more details, please call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798.
