Recently, Greek Prime Minister Kyriakos Mitsotakis announced a 13% reduction in property tax for 2022. It is expected that taxpayers will officially pay taxes according to the new scheme around Easter in April this year. Prime Minister Mitsotakis stated that under this policy, 80% of the population will benefit!
With the announcement of the property tax rate reduction by Prime Minister Mitsotakis, the Greek tax authorities have also stated that the 24% value-added tax exemption for newly built and renovated properties will be extended for two years. At the same time, the requirement for proof of property tax payment will be canceled, and electronic payment will be adopted, making the tax payment process simpler and property transactions faster and more convenient.
In addition to reducing property tax, Greek media reports that the Greek government is also considering lowering the tax rate on rental income. This includes adding one or two tax brackets to alleviate the burden on many landlords due to rental income. Furthermore, the highest tax bracket (with a 45% tax rate) may also be completely abolished, and rental income will be taxed at the established general income tax rate. With lower property holding costs and increased rental income, this is undoubtedly good news for investors holding properties in Greece!
With all these favorable conditions, the popularity of the Golden Visa program in Greece after the pandemic may surpass previous levels! As one of the world's renowned tourist, vacation, and honeymoon destinations, Greece has always been favored by global investors, attracting tourists from all over the world. Currently, the Greek economy has begun to recover, with positive signals emerging in investments. Visionary investors have already taken the lead in seizing opportunities in the Greek real estate market. If you also have needs for overseas identity, asset allocation, or children's education, you must take action early!
Currently, investors can apply for Greek permanent residence visas for their entire family by investing in properties starting from €250,000 through the Greek permanent residence program. This allows them to travel freely across 26 Schengen countries while enjoying social welfare benefits such as education and healthcare in Greece, as well as acquiring properties with permanent ownership in Greece, establishing a second home abroad, which is truly a win-win situation.
At the same time, by immigrating to Greece, children can participate in the Overseas Chinese Student Examination with their overseas Chinese student status, easily gaining admission to top universities such as 985 and 211, enjoying education in mainland universities! Ten years of hard study cannot compare to the ease of entering prestigious schools with an overseas identity. An identity not only allows children to grow in a high-quality educational environment abroad but also provides better choices when facing university decisions. A single investment yields multiple rewards, and now is the promotional period for buying property for immigration to Greece. This is a rare opportunity; purchasing a property can come with great benefits, and interested parties must seize the opportunity in a timely manner!
Worldway Group, one of the top 500 Asian brands, as an early immigration agency to introduce the Greek property investment immigration project to China, once again collaborates with a strong Greek developer to present another significant Greek property investment project to investors—the Athens Seaside Promenade Apartments, suitable for both rental and personal use.
Athens Seaside Promenade Apartments
Located in a potential area of the Athens Seaside Promenade, with an excellent geographical location
Convenient transportation, easily accessible to all areas of Athens
Complete surrounding facilities, enjoying a quality life
Distant views of the Acropolis and charming seaside scenery
Properties starting from €250,000, allowing the entire family to apply for Greek permanent residence
Property project images are for reference only, subject to actual delivery.
At the same time, Worldway also collaborates with strong Greek developers to recommend various high-quality properties to investors, such as apartments in downtown Athens, to meet the needs of different investors.
For more details, please send us a private message in the comments section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
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Investment carries risks; the above information is for reference only.