Recently, data from a short-term rental data analysis platform shows that the number of bookings for short-term rentals in Greece has exploded, increasing by 232% from early June to the end of September this year compared to the same period last year. As we know, tourism has always been a pillar industry in Greece, with a large number of tourists visiting various parts of Greece for vacation every summer, which has also driven the development of multiple industries in Greece.
At the same time, according to recent data released by the Greek Enterprise Authority, the net inflow of foreign direct investment (FDI) in Greece reached 4.85 billion euros in 2021, an increase of 72.3% compared to the previous year, marking a new high since 2002. Among them, the real estate sector accounted for a significant share of foreign direct investment in the Greek economy in 2021, with nearly 2 billion euros flowing into the Greek real estate market. Specifically, foreign direct investment in the Greek real estate management sector increased from 670 million euros in 2020 to 1.233 billion euros in 2021, while private property sales rose from 423 million euros in 2020 to 709.9 million euros in 2021.
In summary, despite the impact of the pandemic, 2021 was still a record year for foreign direct investment in Greece, with the real estate sector playing a leading role. This factor indicates that foreign investors have increased confidence in the economic prospects of Greece. In fact, even in the face of adverse conditions, the Greek economy has continued to rise, especially as the real estate market has shown significant growth momentum. According to the Greek Central Bank's housing price index for the fourth quarter of 2021, data shows that apartment prices in Greece increased by 9.1% compared to the same period in 2020, with Athens experiencing the highest increase of 10.5%. The prices of new apartments (less than 5 years old) rose by 9.8% in the fourth quarter of 2021. Overall, the Greek real estate market continued to perform strongly in 2021, with an average annual growth rate of 7.1% for apartment prices.
It is evident that while the world is experiencing an economic winter, Greece is moving against the wind, striving to enhance its strength while also delivering impressive results. Currently, there are positive signals in Greek investments, and visionary investors have taken the lead in seizing opportunities in the Greek real estate market. If you also have needs related to overseas identity, asset allocation, or children's education, you must take action in advance!
For investors interested in immigrating to Greece, now is an excellent time. Investors can apply for a Greek permanent residence visa for their entire family by investing in real estate starting from 250,000 euros, allowing 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, achieving multiple benefits in one go.
Meanwhile, immigrating to Greece allows children to participate in the Overseas Chinese Student Joint Examination with their Overseas Chinese student status, making it easy 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. One 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 moment!
Worldway Group, one of the top 500 Asian brands, is a migration agency that was among the first to introduce the Greek property investment immigration project to China. We are once again collaborating with a strong Greek developer to present another significant Greek buying property for immigration project—seaside apartments in Athens, suitable for both rental and personal use.
Seaside Apartments in Athens
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
Overlooking the charming views of the Acropolis and the seaside
Starting from 250,000 euros for property purchase, allowing the entire family to apply for Greek permanent residency
Property project images are for reference only, subject to actual delivery.
At the same time, Worldway is also collaborating with strong Greek developers to introduce various quality properties to investors, such as the Phase 3 apartments of the Royal Residence in Northern Athens, to meet the needs of different investors.
For more details, please message us in the comments section or call the Worldway 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.