Recently, according to data released by the Bank of Greece, apartment prices have increased by an average of 13.4% in 2023 compared to a rise of 11.9% in 2022. The average price of new apartments has increased by 12.4%, while the average price of old apartments has increased by 14.2%.
Prices in various regions have also seen varying degrees of growth. In the fourth quarter of 2023, apartment prices in Athens increased by 10.8% year-on-year, Thessaloniki by 14.6%, other cities by 13.9%, and other regions of Greece by 11.2%. For the entire year of 2023, the average increases in these regions were 13.7%, 16.2%, 14.5%, and 10.8%, respectively. Nationwide, apartment prices in the fourth quarter of 2023 are expected to rise by an average of 12.1% year-on-year, with an average annual increase of 13.9% for 2023.
With the gradual warming of Greece's tourism industry, a strong economic recovery, and the country's credit rating being upgraded to investment grade, the Greek real estate market is entering a golden period of long-term stability and development. This trend has further attracted the attention of many international investors. Greece's investor-friendly property immigration policy is one of the key reasons for attracting a large number of investors. Despite the increase in the threshold last August, it still attracts many investors.
According to the "2023 Global Immigration Trends Report," Greece has become a favored immigration destination for the wealthy worldwide. The report is based on a survey of over 25,000 respondents globally, revealing the most popular destinations, sources of immigration, and the immigration destinations of the wealthy.
Friends who wish to apply for European immigration annually should plan early to seize the remaining window period and take advantage of the last opportunity for the €250,000 property immigration in Greece. It is reported that the immigration costs in Greece are set to increase again, implementing a "three-track parallel" system: the investment threshold in central areas of all major cities and islands will be raised to €800,000; the investment threshold in some popular areas will be raised to €400,000; and only certain areas will maintain the €250,000 threshold. It is expected that the new price increase policy will be implemented from October 1, 2024. Although the exact details are not yet finalized, the policy change is imminent!
For more information regarding Greek immigration, you are welcome to visit us in person for face-to-face communication with the former Greek Minister to China. We will provide you with professional and detailed answers.
As one of the few projects in the immigration market that allows for quick acquisition of a European Union country green card, the Greek property immigration program is a highly cost-effective immigration project among European countries. This program has relaxed application conditions, with no educational, language, management experience, or residency requirements, and allows for three generations of the family to apply for Greek permanent residence visas. The entire family can also travel freely across 29 Schengen countries, enjoy Greek education, healthcare, and other social welfare benefits, and can apply for an EU passport after meeting the conditions, while also acquiring property with permanent ownership. The advantages are numerous! Currently, investors choosing to purchase properties starting from €250,000 in non-price-increase areas can apply for Greek permanent residence visas for three generations of the family.
As we know, immigration is a long and complex process. After 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 in issuing valid documentation. All these matters require the assistance of intermediary agencies that have good relationships with the government. It can be said that WorldWay Immigration is a reliable choice for investors immigrating to Greece.
In July 2013, WorldWay Immigration Group, in collaboration with the Greek Embassy in China, held the launch ceremony for "Greek Property Immigration" in China, introducing the Greek property immigration project to China. (For details, click, link 1: The Greek Ambassador to China and WorldWay Immigration jointly launch the Greek project; link 2: Important milestone! WorldWay Immigration introduces the Greek property immigration project to China for ten years.) Since then, the country of ancient Greek civilization has opened its arms to welcome new Chinese immigrants, marking the official beginning for Chinese investors to establish a "second home" in Greece! Now in 2024, the Greek property immigration project in China celebrates its eleventh anniversary, a significant milestone with profound meaning.
Over the past eleven years, WorldWay Immigration Group has maintained good interactions with the Greek government. Senior executives of WorldWay Immigration Group have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Minister, Consul, and immigration bureau officials.
For more details, please send us a private message in the comments section or call the WorldWay Immigration service hotline: Mainland China: 400-138-2929, Hong Kong Customer Service Center: (852) 2802 8798
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*Investment involves risks; the above information is for reference only. Property images are for reference and subject to actual delivery.*
