Greece, long regarded as the cradle of Western civilization, is favored by high-net-worth individuals for its pleasant climate, romantic Aegean Sea, rich historical heritage, beautiful natural environment, comprehensive healthcare system, and education that aligns with international standards! Despite the global pandemic, Greece's economy has grown against the trend, real estate has heated up, and favorable immigration policies have emerged, attracting numerous investors!
According to data from the Greek Immigration Bureau regarding the Golden Visa, since the implementation of the Greek real estate immigration program in 2013, as of December 2021, Greece has issued Golden Residence Permits to a total of 9,610 families, with Chinese families accounting for 6,405, representing a staggering 67%. The total number of approvals for Greek Golden Visas in 2021 increased by 10.3% compared to the previous year! The annual growth in Greek immigration applicants has made Greece a popular destination for immigration investment in Europe!
According to the Greek immigration law, investing in real estate worth €250,000 or more in Greece grants immediate permanent residency in an EU country. From a financial threshold perspective, Greece's real estate immigration program has one of the lowest investment amounts among European countries offering immigration policies! Moreover, the application requirements are simple, allowing a family of three generations to immigrate by purchasing property. Holders of Greek permanent residency can have their children participate in the Overseas Chinese Student Examination, making it easier for them to gain admission to prestigious universities in China, such as those in the 985 and 211 projects. Therefore, Greece has captured the hearts of many immigrants.
Additionally, since 2022, with the unexpected suspension of the UK investment immigration program and the significant increase in the investment threshold for Singapore's family office investment immigration program to S$20 million, the EU has also urged member states to strengthen the scrutiny of "Golden Visas"... It is evident that tightening immigration policies in many countries (regions) is an inevitable trend, and sudden policy changes once again prove that immigration should be pursued early, which is not just talk! Applicants who wish to immigrate to Greece but are still hesitating should seize the opportunity!
What opportunities do immigration investors have in Greece amidst the pandemic-driven economic growth? With multiple favorable factors, is a new round of rising property prices in Greece on the horizon? Why has Greek residency become a popular choice for investors amid tightening EU policies? What kind of properties can be purchased starting from €250,000 for Greek real estate immigration? Please stay tuned to the "WorldWay Tong Live Room" and do not miss out!
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