Recently, one of the three major international rating agencies, Standard & Poor's (S&P), upgraded Greece's credit rating from BB+ to BBB-, with a stable outlook. The upgrade is attributed to Greece's stronger fiscal budget situation. Greece has successfully achieved an investment-grade rating!
S&P's upgrade of Greece's rating to investment grade is "another official sign of Greece's economic recovery." The Prime Minister of Greece stated, "This is an important milestone, as S&P Global Ratings has upgraded Greece to investment grade, and we are proud to be recognized for the achievements our country has made. We are determined to continue our reform agenda, which will attract investment, create jobs, and achieve inclusive growth."
The Prime Minister of Greece also mentioned that the government's plans have yielded fruitful results, with increasing public wealth due to investment and development, a declining unemployment rate, collective prosperity empowering individual advantages, increased wages and pensions, and providing living assistance to vulnerable groups. On the other hand, Greek bonds are becoming increasingly attractive in the international market, with billions of dollars in investment flowing into Greece. The Prime Minister further called for unity on Greece's bold reform path in the 21st century!
For the Greek economy, regaining investment grade is an important milestone and a rare achievement. This year, Greece's economy has received positive evaluations from several international rating agencies, and these upgrades are both a recognition of past achievements and an optimistic outlook for future economic prospects. As Greece's position in the global financial market gradually stabilizes, the path to economic recovery seems clearer and brighter. According to forecasts, Greece's economy is expected to grow by 2.3% and 3% in 2023 and 2024, respectively, far better than most European countries.
In recent years, Greece has become a favored destination for investors seeking immigration. This ancient and vibrant country, with its rich cultural heritage, beautiful natural scenery, stable political environment, and good educational and healthcare resources, is increasingly becoming the choice for many immigrants.
Currently, it is a great time to immigrate to Greece. Starting from August 1, the investment threshold for Greece's Golden Visa program has officially doubled from €250,000 to €500,000 in certain areas! According to the amendment, regions such as Eastern and Western Attica and Piraeus will maintain the €250,000 policy, and it will continue to allow investment portfolios to meet the threshold amount through the purchase of multiple properties. This presents a new opportunity for investors in the wake of the price increase for Greece property immigration. Investors choosing to purchase properties starting from €250,000 in non-price-increase areas can apply for Greek permanent residence visas for their entire family, making it a cost-effective option.
For those looking to immigrate to Greece, choosing properties in non-price-increase areas such as Piraeus is a good option, and the property prices in this area are currently quite stable. According to the latest Greek real estate data, property prices in Piraeus increased quarter-on-quarter in the second quarter, comparable to core areas. Among them, the area adjacent to the political district, Piraeus, is expected to become a popular choice for investors!
Piraeus is Greece's largest port and one of the top 50 container ports in the world, as well as the largest container port 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, and sports venues, making it a beautiful and economically prosperous area. The development of the Piraeus area has rapidly advanced, and surrounding property prices have become one of the fastest appreciating areas in Greece, with unlimited potential for future appreciation. Whether for investment or personal residence, it is an excellent choice! The minimum investment threshold in the Piraeus area is only €250,000, allowing three generations of a family to obtain high-value residency status!
In collaboration with Worldway and a reputable Greek developer, we are excited to introduce another significant Greek property immigration project, "Piraeus Apartments," located in the non-price-increase area of Piraeus. The project boasts a prime location in the Athens seaside promenade area, adjacent to the largest port in the Mediterranean, Piraeus Port; it has a well-developed transportation network, with three newly opened subway stations nearby, and is within walking distance to numerous bus stops, making it convenient to reach various parts of Athens; the project is well-equipped with large shopping centers, famous tourist attractions, sports facilities, hospitals, international schools, etc., ensuring a convenient lifestyle; the rental market for the project is active, situated in a popular area for long-term and summer vacation rentals, with broad development prospects; the project is designed by a top architectural team from London, featuring modern luxury designs and spacious balconies, with top-floor units offering views of Piraeus Port, and each unit includes a private garden/balcony/terrace, making it suitable for both investment and personal use; the project meets the requirements of the Greek Golden Visa program, with property purchases starting from €250,000, allowing the entire family to obtain Greek permanent residency status in one step.
As we know, immigration is a long and complex process. Once investors and their families obtain citizenship, they will have lifelong ties with the country, and many aspects of citizens' lives and careers may require government assistance and the issuance of valid documentation. All these matters rely on intermediary agencies with good relationships with the government for assistance. It can be said that Worldway is a reliable choice for investors immigrating to Greece.
In July 2013, Worldway Group collaborated with the Greek Embassy in China to hold the launch ceremony for "Greek Property Immigration" in China, introducing the Greek property immigration project to the Chinese market. Since then, the ancient civilization of Greece has opened its arms to embrace new Chinese immigrants, marking the official beginning of Chinese investors establishing a "second home" in Greece! Now in 2023, the Greek property immigration project in China celebrates its tenth anniversary, a significant milestone.
Over the past ten years, Worldway Group has maintained good interactions with the Greek government, with senior executives meeting with dozens of dignitaries, including the Greek Ambassador to China, Commercial Minister, Consul, and immigration bureau officials.
After the price increase of Greece property immigration, 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 quality properties are in short supply.
For more details, please send us a private message in the comments section or call the Worldway hotline: Mainland China: 400-138-2929, Hong Kong: (852) 2802 8798