Recently, according to data from the Greek Property Index (SPI) displayed on the real estate website Spitogatos, the average asking prices for home sales and rentals across almost all of Greece maintained a steady upward trend in the first quarter of this year, with average sales prices rising by 9% and average rental prices by 5%.
The positive trend in Greek property prices and rents is attracting the attention of numerous international investors. Last year, the Greek real estate market attracted an unprecedented 1.975 billion euros in foreign investment, which not only soared by 68% compared to 2021 but was also 37% higher than the pre-pandemic levels of 2019.
Meanwhile, according to an assessment report on the 2022 Greek residential real estate market recently released by a Greek real estate consultancy, Greek property prices continued their upward trend in 2022, with some regions outperforming the national trend. The determining factors for the rise in Greek property prices are the interest shown by foreign investors in the country's real estate market and the gradually increasing inflow of foreign capital in recent years.
The report also points out that there is currently a shortage of supply in the Greek real estate market, with demand coming from both local Greek private buyers and foreign investors. Due to the rapid growth in housing rents and yields, as well as expected capital appreciation, residential properties are considered investment products. Regarding the trend of Greek property prices this year, the report states that residential property sales prices in Greece are expected to stabilize in 2023.
As one of the world's well-known destinations for tourism, vacations, and honeymoons, Greece saw a strong recovery in its tourism industry last year, and this momentum has continued this year, which has also stimulated demand for real estate in Greece. The steady rise in Greek property prices and rents indicates that the Greek economy is further recovering, and with the positive outlook for the Greek economy, its real estate market is showing increasingly strong development potential.
It is evident that the interest of foreign investors in Greek real estate is growing, and more and more investors are now choosing to invest in overseas properties in Greece. For immigrant investors, making a decisive choice at this moment is crucial. Now is an excellent time to invest.
Visionary investors have already taken the lead in entering the Greek real estate market! Through the Greece Permanent Residency Program, investors can not only obtain permanent residency in one step but also acquire property that is suitable for both renting and personal use. At the same time, after obtaining Greek permanent residency, they gain more convenience in areas such as children's education, asset allocation, and retirement planning!
Currently, through the Greece Permanent Residency Program, investors can invest in properties starting from 250,000 euros to apply for permanent residency visas for three generations of their family. They can also travel freely across 27 Schengen countries, enjoy social welfare benefits such as Greek education and healthcare, and apply for an EU passport after meeting the conditions, all while acquiring properties with permanent ownership—truly a multi-benefit solution!
At the same time, by immigrating to Greece, children can participate in the Joint Entrance Exam for Overseas Chinese Students, allowing them to easily enter top-tier universities like 985 and 211 institutions and enjoy mainland higher education! With an overseas identity, children can easily enter prestigious schools. This status not only allows children to grow up in a high-quality overseas educational environment but also provides them with more superior choices when facing university decisions. If you also have needs for overseas identity, asset allocation, or children's education, you must act immediately!
Great news! Another major Greek real estate immigration project, the "Athens Hotel-Style Coastal Apartment," grandly introduced to investors by WorldWay in collaboration with a powerful Greek developer, has brought good news. The project developer has reached a cooperation agreement with the Licheng Group, a wholly-owned high-end hotel brand under Trip.com. The project will be renovated and furnished according to the strict standards of Licheng Hotels, and management will also be fully handled by the Licheng Group. This fully demonstrates Trip.com's high regard for the project's location, architecture, decoration, scale, and expected occupancy rate, as well as their full confidence in investing in Greek tourism real estate. By choosing this project, investors not only eliminate the costs and hassles of personal management, saving time and effort, but also achieve a win-win outcome through overseas property purchase, identity planning, and steady asset growth.
The "Athens Hotel-Style Coastal Apartment" project is located in Moschato, an affluent area in southern Athens, situated between Piraeus, the largest port in Athens, and the famous Marina Flisvos yacht club. It is close to the Aegean coastline, and the surrounding tourist volume is showing strong growth momentum. There are various shipping, construction, pharmaceutical, and software companies near the project, with world-renowned enterprises having offices there. At the same time, the project occupies strategic locations such as the yacht club, the bay area, and the airport, sharing important resources such as population, industry, and capital, with great development potential.
This project is a rare, cost-effective option in the European real estate immigration market. Investors only need to invest from 250,000 euros to purchase 4 independent properties with permanent ownership and obtain permanent residency in the EU country of Greece for three generations of their family in one step.
At the same time, WorldWay also works with powerful Greek developers to recommend a variety of high-quality properties to investors, such as high-end apartments in northern Athens and apartments in the city center of Athens, to meet the needs of different investors.
WorldWay, your trusted choice for immigrating to Greece
◆ WorldWay is one of the earliest immigration agencies to promote the Greek real estate immigration project in China.
◆ In 2013, it partnered with the Greek Embassy in China to hold the launch ceremony for "Greek Real Estate Immigration" in China, introducing this project to the country.
◆ Senior executives of WorldWay Group have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Ministers, Consuls, and immigration officials.
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.
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