Recently, Moody's, one of the three major international rating agencies, upgraded Greece's credit rating by two notches from Ba3 to Ba1, with a stable outlook, casting an important vote of confidence in the Greek economy.
Moody's projects an average annual GDP growth of 2.2% for Greece from 2023 to 2027, which is a "very significant improvement" compared to the 0.8% average growth rate in the five years before the pandemic.
Not long ago, the Canadian rating agency DBRS upgraded Greece's sovereign credit rating to investment grade B. Since the beginning of this year, financial institutions such as Morgan Stanley and Fitch Ratings have made predictions in a series of reports regarding the Greek economy and the timing of its return to investment grade, expecting Greece to maintain its economic upward momentum with a positive economic outlook.
After years of effort, the Greek economy has received positive evaluations from multiple international rating agencies. These upgrades are both an affirmation of past achievements and an optimistic expectation for future economic prospects. As Greece's position in the global financial market gradually stabilizes, the country's path to economic recovery seems clearer and brighter.
In recent years, Greek immigration has been highly favored by investors. As an ancient and vibrant country, Greece has become a destination for more and more people to immigrate to, thanks to its rich cultural heritage, beautiful natural scenery, stable political environment, and excellent educational and medical resources.
Currently, it is a good time for immigrating to Greece. Since August 1st, the Greek Golden Visa has officially implemented a policy where the investment threshold in some areas has doubled from 250,000 euros to 500,000 euros! According to the amendment, other areas such as East Attica, West Attica, and Piraeus will maintain the 250,000 euro policy, and it will continue to be permitted to reach the threshold amount through an investment portfolio of multiple properties. For investors, this can be considered a new opportunity after the price hike for Greece property investment immigration. Investors who choose to purchase properties starting from 250,000 euros in non-price-hike areas can apply for a Greek permanent residence visa for three generations of their family, which remains a cost-effective choice.
For those who want to immigrate to Greece, choosing properties in non-price-hike areas such as Piraeus is a good choice. Furthermore, property prices in this area are currently relatively stable. According to the latest Greek property data, property sales prices in Piraeus increased quarter-on-quarter in the second quarter, basically on par with core areas. Among them, the Port of Piraeus (i.e., Piraeus Port) in the city of Piraeus, which is adjacent to the policy-change area, is expected to become a popular choice for investors!
Piraeus Port is the largest port in Greece and one of the top 50 container ports in the world and the largest in the Eastern Mediterranean region. The entire Piraeus Port area is equipped with complete supporting facilities, including large supermarkets, subways, outlets, Chinese restaurants, shops, freight services, yacht marinas, theaters, stadiums, and other living facilities. With beautiful scenery and a prosperous economy, the development of the Piraeus Port area is advancing by leaps and bounds. Surrounding property prices have once become one of the fastest-appreciating areas in Greece, and future appreciation and development hold unlimited potential. Whether for investment or self-occupation, it is a very good choice! The minimum investment threshold in the Piraeus Port area is only 250,000 euros, and a family of three generations can obtain a high-value status!
Another heavyweight Greek property investment immigration project, "Athens Seaside Apartments," grandly introduced to investors by Worldway Group in collaboration with a powerful Greek developer, has made a stunning debut. It is a high-quality property located in the Piraeus Port area, which is in a non-price-hike zone. The project has a superior geographical location, situated on the beautiful Aegean coast of Athens, adjacent to a large port, and within walking distance to subway stations, light rail stations, train stations, and multiple yacht marinas, making travel convenient. The project has high-quality supporting facilities, with metropolitan parks, stadiums, large shopping centers, hospitals, international schools, and cultural centers nearby, making life convenient and suitable for both investment and self-occupation. The project's rental market is active, located in a popular area for long-term and summer tourist rentals, with broad development prospects. Once completed, the project will consist of 2 buildings with 25 apartments (including duplexes), and is expected to be completed in the fourth quarter of 2025.
As everyone knows, immigration is a long and complex process. After investors and their families obtain citizenship through immigration, they will have inextricable ties with the country for life. Many aspects related to the lives and careers of citizens may require government assistance and the issuance of valid supporting documents, and these matters require the assistance of intermediary agencies that have good relationships with the government. It can be said that Worldway is a reassuring choice for investors immigrating to Greece.
In July 2013, Worldway Group joined hands with the Greek Embassy in China to hold the launch ceremony for "Greece Property Investment Immigration" in China, introducing the Greek property investment immigration project to China. Since then, the country of ancient Greek civilization has opened its arms to accommodate new Chinese immigrants, which also marks the official start of Chinese investors establishing a "second home" in Greece! Today is 2023, and it is a significant milestone of the tenth anniversary of Greek property investment immigration landing in China, which is of extraordinary significance.
Over the past decade, Worldway Group has maintained good interaction with the Greek government, and senior executives of Worldway Group have met with dozens of dignitaries including the Greek Ambassador to China, Commercial Ministers, Consuls, and immigration officials.
After the price hike for Greece property investment immigration, properties in non-price-hike areas may become highly sought after. Those interested in immigrating to Greece can contact Worldway as soon as possible, as high-quality properties are in short supply.
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