Recently, the Bank of Greece released its residential property price index for the second quarter. According to the latest data, apartment prices in Greece rose by 9.4% year-on-year in Q2 2022, with prices for new apartments reaching a new high of 10.5%!
Based on data collected from credit institutions, apartment prices (in nominal terms) are estimated to have increased by an average of 9.4% year-on-year in the second quarter of 2022. This follows a 9.3% increase in the first quarter of 2022, while the average annual growth rate for apartment prices in 2021 was 7.5%.
More specifically, compared to the same period in 2021, prices for new apartments rose by 10.5% in the second quarter of 2022, while prices for apartments over five years old increased by 8.7%. According to revised data, new home prices rose by 10.4% year-on-year in the first quarter of 2022, while older home prices rose by 8.5% year-on-year. For the full year 2021, the average annual growth rates for these two categories of apartments were 8.0% and 7.1%, respectively.
According to an analysis of data by geographical region, apartment prices in Athens rose by 10.9% year-on-year in the second quarter of 2022, while other cities saw an 8.9% increase, and other regions of Greece saw a 6.3% increase. In comparison, for the full year 2021, prices in these regions increased by an average of 9.6%, 5.7%, and 4.8%, respectively. Across all urban areas nationwide, apartment prices rose by 9.5% year-on-year in the second quarter of 2022, compared to an average annual growth rate of 7.9% in 2021.
Furthermore, based on official data from the Bank of Greece, using 2007 as the base year (100), the second quarter of 2017 marked the lowest point for housing prices in Athens, Greece (56.3). In the second quarter of 2022, the housing price index for residences in Athens, Greece, reached 82.9, representing a 47% increase over five years. Since 2017, the increase in housing prices in Athens, Greece (47.88%), has far exceeded the national average for Greece (33.05%).
Research indicates that Greek real estate is a high-performing asset in the Mediterranean region, as rental prices have kept pace with the rise. PwC, an authoritative international institution, predicts that Athens, Greece, will rank first in continental Europe for capital gains prospects in real estate investment and leasing in 2022. In recent years, investment from overseas buyers has surged, with many realizing their dream of owning a summer vacation villa in Greece, especially after Europe fully lifted its restrictions. Strong demand and high inflation are expected to maintain high price growth in 2022, and many investors are more willing to invest funds into properties with good potential. Currently, positive signals are frequently appearing in Greek investments, and visionary investors have already taken the lead in entering the Greek real estate market.
Investors through the Greece Permanent Residency Program can not only obtain permanent residency status in one step but also enjoy more convenience in areas such as children's education, asset allocation, and retirement planning! Holders of a Greek permanent residency visa can travel freely within the 26 Schengen countries and, upon meeting the conditions, can apply for Greek citizenship to obtain an EU passport. At the same time, they can secure more educational opportunities for their children. Once children have Greek permanent residency, they can enjoy free public education in Greece. After graduating from local high schools, they can choose to attend prestigious local universities in Greece or apply directly to foreign universities. They can also use their status as overseas Chinese students to gain admission to prestigious domestic 985 and 211 universities with lower scores.
Immigration policies change rapidly, so it is best to act when the opportunity arises. The Greece €250,000 property investment immigration program is entering its final countdown, with prices set to double starting January 1, 2023. Applicants who want to immigrate to Greece but are still hesitating should hurry! High-quality immigration properties in Greece are in short supply, and interested individuals should act as soon as possible; prioritizing property selection and transfer is imminent!
Top 500 Asian Brands, Focusing on Investment Immigration for Over 20 Years
Active Promoter of European Property Investment Immigration Projects
Worldway Group Joins Hands with Powerful Greek Developers
Grandly Introducing Another Heavyweight Greek Property Investment Immigration Project to Investors
"Athens Hotel-Style Coastal Apartment" Makes a Stunning Debut
Project Complies with the Greek Golden Visa Program Application Act
Immediate Purchase and Transfer
Starting from €250,000, Buy 3 Independent Property Apartments
Three Generations of the Whole Family Immigrate to Greece
Obtain Permanent Residency Status in an EU Country
Achieving a Win-Win Choice for Investors in Overseas Property Purchase, Status Planning, and Steady Asset Growth
"Athens Hotel-Style Coastal Apartment"
【Project Introduction】
The project is located in Moschato, an affluent area in southern Athens, situated between Piraeus, the largest port in Athens, and Marina Flisvos, a famous yacht marina in Athens. It is just a stone's throw from the Aegean coastline. The balconies on the fourth floor and the rooftop terrace of the hotel offer full enjoyment of the sea view, with pleasant scenery and comfortable living. Near the project is the new landmark of Athens, the SNFCC Cultural Center, which integrates a library, opera house, stadium, and rooftop garden. Numerous shipping, construction, pharmaceutical, and software companies, as well as world-famous enterprises, have established offices here. At the same time, the project occupies strategic locations such as the yacht marina, the bay area, and the airport, sharing important resources such as population, industry, and capital, with great development potential.
The Athens hotel-style coastal apartment building is 7 stories high, with the ground floor serving as the hotel reception and lobby, and floors 1-6 serving as hotel guest rooms. After a renovation period of no more than 6 months, the project will meet the standards and conditions for move-in readiness. It will also cooperate with the AIRBNB platform to conduct short-term rentals according to hotel apartment standards, helping investors manage their properties with ease. The project complies with the Greek Golden Visa Program application act. With an investment starting from €250,000, you can purchase 3 independent property hotel-style apartments, allowing three generations of your family to immigrate to Greece and obtain Greek permanent residency in one step!
At the same time, Worldway also joins hands with powerful Greek developers to introduce a variety of high-quality properties to investors, such as garden houses on the island of Mykonos and coastal apartments in Athens, to meet the needs of different investors.
Worldway, Your Trusted Choice for Immigrating to Greece
◆ Worldway is one of the earlier immigration agencies in China to promote the Greek property investment immigration project.
◆ In 2013, it joined hands with the Greek Embassy in China to hold the "Greek Property Investment Immigration" launch ceremony in China, introducing this project to China;
◆ Senior executives of Worldway Group have successively met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Ministers, Consuls, and immigration officials.
The Greek property investment immigration policy is about to change and prices are set to rise. Hurry up and get on board; if you don't act now, it will really be too late! In October 2022, heavy discounts will help investors catch the last train for the €250,000 Greek immigration program, seize the low-price window, and save millions of RMB. Investing in other Worldway immigration projects also enjoys multiple discounts, with 19 countries (regions) immigration projects to choose from, there is always one that suits you.
For more details, please send us a private message in the comment section, or call the Worldway service hotline. Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798
Note: 1. Within the scope permitted by law, the right of final interpretation of this promotional activity belongs to Worldway Group. 2. Investment involves risks, and the above information is for reference only. Property pictures are for reference, and the actual delivery shall prevail.