Good news! To protect the rights and interests of investors, the Greek government has recently extended the property transfer deadline for projects in areas subject to price increases until the end of April 2024. This extension is exclusively for clients who have already signed a reservation agreement. This is excellent news for applicants who have already purchased property and were concerned about meeting the previous transfer deadline.
Greece, an ancient and vibrant nation, has become an increasingly popular destination for immigration due to its rich cultural heritage, beautiful natural scenery, stable political environment, and excellent educational and medical resources. In recent years, Greece's property-based immigration program has been highly favored by investors.
According to updated data from the official Greek website, as of September 30, 2023, Greece has successfully issued 37,631 Golden Visas. The number of applications for Greek investor residence permits surged by 163% compared to last year, with 7,541 applicants submitting their requests. The number of permanent residence cards issued reached 3,861, an increase of 120% compared to the same period last year (1,758).
Furthermore, according to data released by the Bank of Greece, apartment prices in the third quarter of 2023 rose by 11.9% year-on-year. The growth rates for new and old apartments were comparable, with prices for new apartments (under 5 years old) increasing by 11.6%, and prices for old apartments (over 5 years old) increasing by 12.2%. Greece has become one of the hottest real estate markets in Europe, leading the continent in price growth.
In summary, the steady recovery of the Greek economy and the rise in housing prices are not merely a market rebound, but a reflection of the rise of the Greek real estate market. The influx of foreign investment and the global enthusiasm for vacation destinations will further drive the prosperity of the Greek real estate market.
For investors, now is an excellent 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 areas! According to the amendment, other regions such as East Attica, West Attica, and Piraeus will maintain the 250,000 euro policy, and it will continue to be permissible to reach the threshold through a portfolio of multiple properties. For investors, this represents a new opportunity following the price increase in Greece's property-based immigration program. Choosing to purchase property starting at 250,000 euros in non-price-increase areas allows the entire family of three generations to apply for Greek permanent residence visas, remaining a highly cost-effective choice.
The two key elements of immigration are timing and choice! As one of the few programs in the current immigration market that allows for quick acquisition of an EU country's green card, Greece's property-based immigration is a very cost-effective immigration program among European countries. This program has relaxed application conditions, with no requirements for education, language, management experience, or residency. Furthermore, the entire family of three generations can apply for Greek permanent residence visas, enjoy free travel across 27 Schengen countries, and access Greek social benefits such as education and healthcare. Upon meeting the conditions, one can apply for an EU passport, while also acquiring property with permanent ownership—offering numerous advantages!
For those looking to immigrate to Greece, choosing properties in non-price-increase areas like Piraeus is a wise decision. Moreover, housing prices in this region remain relatively stable. According to the latest Greek real estate data, property prices in Piraeus saw a quarter-on-quarter increase in the second quarter, comparable to those in core areas. Among these, the Port of Piraeus (the main port of Piraeus), which is adjacent to the policy-change area, is expected to become a popular choice for investors!
Piraeus is the largest port in Greece and one of the top 50 container ports in the world, as well as the largest container port in the Eastern Mediterranean. The entire Piraeus area is equipped with comprehensive supporting facilities, including large supermarkets, subways, outlets, Chinese restaurants, shops, freight services, yacht marinas, theaters, stadiums, and other lifestyle amenities. With beautiful scenery and a prosperous economy, the development of the Piraeus area is advancing rapidly. Surrounding property prices have become some of the fastest-appreciating in Greece, holding unlimited potential for future growth. Whether for investment or personal use, it is an excellent choice! 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!
Another major Greek property-based immigration project, "Piraeus Apartments," is proudly introduced to investors by Worldway in collaboration with a powerful Greek developer. It is a high-quality property located in the non-price-increase area of Piraeus. The project boasts a superior geographical location in the Athens Riviera area, adjacent to the Port of Piraeus, the largest port in the Mediterranean. It features a well-developed transportation network, being close to three newly opened subway stations and within walking distance of numerous bus stops, providing convenient access to all parts of Athens. The project has comprehensive supporting facilities, including large shopping centers, famous tourist attractions, stadiums, hospitals, and international schools, ensuring a convenient lifestyle. The rental market is active, as it is located in a popular area for both long-term and summer tourist rentals, offering 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 offers views of 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 entire family to obtain Greek permanent residence status in one step.
As everyone knows, immigration is a long and complex process. After investors and their families obtain citizenship, they will have lifelong ties to the country. Many aspects of a citizen's life and career may require government assistance or the issuance of valid supporting documents, all of which rely on the assistance of an agency with good government relations. It can be said that Worldway is the reassuring choice for investors immigrating to Greece.
In July 2013, Worldway Group partnered with the Greek Embassy in China to hold the launch ceremony for "Greece Property-Based Immigration" in China, introducing the program to the Chinese market. Since then, the land of ancient Greek civilization has opened its arms to new Chinese immigrants, marking the beginning of Chinese investors establishing a "second home" in Greece! Now, in 2023, we celebrate the significant milestone of the tenth anniversary of Greece's property-based immigration program in China, which is of great significance.
Over the past decade, Worldway Group has maintained excellent interaction 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.
Following the price increase for Greece's property-based 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 high-quality properties are in short supply.
For more details, please send us a private message in the comments section or call the Worldway service hotline: Mainland China: 400-138-2929, Hong Kong, China: (852) 2802 8798
