Recently, the Fosun Tourism Group (hereinafter referred to as Fosun Tourism) announced at a press conference that it will continue to expand its investments in Greece. This year, it will open four new hotels on the islands of Samos, Mykonos, Rhodes, and Corfu, making a significant entry into the tourism industry.
The Vice President of Fosun Tourism stated that these four new hotels will open in May and June. He also added, "Athens, the capital of Greece, is an important destination as it well combines the needs of business and leisure travel. Fosun Tourism is very interested in the Athens Riviera area and is looking for investment opportunities in this region."
Last year, Fosun Tourism had already opened four hotels in Crete, Rhodes, and Kos, and will add another hotel in Rhodes next year. In addition, the group plans to open new hotels in Athens, Zakynthos, Samos, and Halkidiki, and to develop new projects in Kos and Crete.
As one of the world's most renowned tourist, vacation, and honeymoon destinations, Greece has always been favored by global investors, attracting tourists from all over the world. In fact, it is not only Warren Buffett who is optimistic about Greece's investment prospects; many well-known companies such as Amazon, Microsoft, Xiaomi, Alibaba, and China COSCO Shipping have already invested in Greece!
Moreover, recently, the Greek Minister of Tourism, Vassilis Kikilias, made the following statement: "Based on the recommendations of the Ministry of Health's expert committee, starting from March 15, 2022, the Passenger Locator Form (PLF) that all travelers must fill out to enter Greece will be abolished. The cancellation of the PLF simplifies the entry procedures for travelers, shifting the focus to the verification of vaccination certificates. In addition, the implementation of new health protocols for tourism businesses keeps Greece far ahead in competition. As always, we are ready to safely welcome our travelers."
Despite the impact of the pandemic on the economy, Greece's tourism industry still shows a relatively positive state. Furthermore, the development of Greece's tourism economy is further driving the growth of local real estate investments. According to data from the Bank of Greece, in the year ending the third quarter of 2021, housing prices in urban areas of Greece rose by 8.35%, significantly higher than the previous year's 3.91%, marking the second-best performance since the first quarter of 2007. After adjusting for inflation, housing prices increased by 6.41%. In the third quarter of 2021, urban housing prices rose by 2.73% month-on-month (actual increase of 2.94%). The Greek property immigration program, closely related to the tourism industry, has also become a focal point for global investors.
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 property with permanent ownership in Greece, establishing a second home abroad, which is indeed a win-win situation.
Meanwhile, immigrating to Greece allows children to participate in the Overseas Chinese Student Examination with their overseas Chinese student status, making it easier to enroll in top universities such as 985 and 211, enjoying education in mainland universities! Ten years of hard work cannot compare to easily entering prestigious schools with an overseas identity. This 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 benefits, 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 bonuses, and interested parties should seize the moment!
The property project images are for reference only and are subject to actual delivery.
At the same time, Worldway is also collaborating 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 message us in the comments section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798.
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