According to the Greek newspaper Kathimerini, the number of immigrants to Greece surged in 2023, gaining popularity among an increasing number of investors, with application volumes hitting new highs. Relevant data shows that as of June 30, 2023, the number of applications for Greece's residency-by-investment program increased by 157%!
Among them, applicants from mainland China ranked first. They were followed by Turkish nationals. Additionally, the number of applicants from countries such as the United States and the United Kingdom has been rising, and Israeli applicants have entered the top ten. It can be said that Greece's residency-by-investment policy has attracted applicants from all over the world. Data shows that real estate investments made by foreign investors to obtain the "Golden Visa" have brought at least 1 billion euros in revenue to Greece in the first half of this year alone.
Located in Southern Europe, Greece has always been a desirable Mediterranean country. Its superior geographical environment, beautiful natural scenery, long history, and brilliant culture, combined with a healthcare standard that ranks among the best in Europe, make it highly suitable for relocation and retirement. These factors have made Greece a popular destination for global tourists and investors. The investment amount for Greece's residency-by-investment program is relatively low, the application process is simple, and it allows three generations of a family to obtain permanent residency in Greece, providing a one-stop solution for travel, children's education, investment, retirement, and vacations.
According to reports, in the second quarter of this year, prices in the Athens residential market rose by more than 30% year-on-year. Furthermore, the phenomenon of rising housing prices is not limited to Athens. According to the Residential Property Price Index for the second quarter of 2023 released by the Bank of Greece, the country's housing price growth rate continues to exceed historical highs. In the second quarter of 2023, apartment prices in Greece rose by 13.9% year-on-year, with new apartment prices rising by 13.8% year-on-year! The annual growth rate of apartment prices in Athens was 14.1%, 16.4% in Thessaloniki in the north, 14.6% in other cities, and 12.1% in other regions of Greece. Not only have housing prices risen, but rental costs in Greece have also been increasing in recent years.
Currently, it is a good time to immigrate to Greece. Since August 1, Greece has officially implemented a policy doubling the investment threshold from 250,000 euros to 500,000 euros in certain regions! 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 a portfolio of multiple properties. For investors, this can be considered a new opportunity following the price increase of Greece's residency-by-investment program. Investors who choose to purchase properties starting from 250,000 euros in non-price-increase areas can still have three generations of their family apply for a Greek permanent residency visa, which remains a cost-effective choice.
For those who want to immigrate to Greece, choosing properties in non-price-increase areas such as Piraeus is currently a good option. Moreover, housing prices in this area are still relatively stable. According to the latest Greek real estate data, property sales prices in Piraeus increased quarter-on-quarter in the second quarter, which is basically on par with core areas. Among them, the Port of Piraeus (i.e., Piraeus Port), 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 area is equipped with complete supporting facilities, including large supermarkets, subways, outlets, Chinese restaurants, shops, freight services, yacht marinas, theaters, stadiums, and other living amenities. With beautiful scenery and a prosperous economy, the development of the Piraeus area is advancing rapidly, and surrounding housing prices have become one of the fastest-appreciating areas in Greece. The future appreciation potential is limitless, making it a very good choice for both investment and self-occupation! The minimum investment threshold in the Piraeus area is only 250,000 euros, allowing three generations of a family to obtain a high-value status!
The "Piraeus Port Apartments" project, another major Greece residency-by-investment project 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 area, which is within the non-price-increase zone. The project has a superior geographical location, situated in the Athens coastal promenade area, adjacent to the Port of Piraeus, the largest port in the Mediterranean. The project has a well-developed transportation network, is close to three newly opened subway stations, and is within walking distance to numerous bus stops, making it convenient to take multiple lines to reach all parts of Athens and enjoy the convenience of commuting. The project has complete supporting facilities, with large shopping centers, famous tourist attractions, stadiums, hospitals, and international schools nearby, allowing residents to enjoy the convenience of life. The project has an active rental market, located in a popular area for long-term and summer tourist rentals, with broad development prospects. The project is meticulously crafted by a top London architectural design team, featuring modern luxury designs and spacious balconies. The top floor overlooks the Port of Piraeus, and every unit comes with a private garden/balcony/terrace, making it suitable for both investment and self-occupation. The project meets the requirements of the Greek Golden Visa Act, with property purchases starting from 250,000 euros, allowing the whole family to obtain Greek permanent residency in one step.
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 of a citizen's life and career may require government assistance or the issuance of valid supporting documents, and these matters rely on 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, in collaboration with the Greek Embassy in China, held the launch ceremony for "Greece Residency-by-Investment" in China, introducing the Greek residency-by-investment project to the country. Since then, the land of ancient Greek civilization has opened its arms to embrace new Chinese immigrants, marking the beginning of Chinese investors establishing a "second home" in Greece! Today, it is 2023, and the Greek residency-by-investment program in China has reached a major milestone of ten years, which is of extraordinary significance.
Over the past decade, Worldway Group has maintained good interactions with the Greek government. 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 increase for Greece's residency-by-investment program, properties in non-price-increase areas may become highly sought after. Those interested in immigrating to Greece should 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