Throughout history, human migration has never ceased. People's motivations for moving have long since evolved beyond merely seeking a place to live; they are increasingly driven by needs such as family planning and overseas asset allocation. Greece, a nation with a long history, brilliant culture, and charming scenery, is attracting more and more attention from immigrants.
The Greece Golden Visa program is highly regarded for its dual benefits of investment and overseas residency. The 2023 High-Net-Worth Individual Migration Ranking shows that Greece ranks among the top 7 countries attracting high-net-worth individuals. The 2024 Private Wealth Migration Report indicates that approximately 1,100 foreign millionaires moved to Greece in 2023, and this figure is expected to rise to 1,200 in 2024. Greece ranks eighth among the top ten countries for attracting millionaires. Greece currently has 64,700 millionaires, 105 individuals with wealth exceeding $100 million, and 8 billionaires. Over the past decade, the country's millionaire population has grown by 14%.
Greece, a land located in southeastern Europe, carries the profound heritage of an ancient civilization. From the majestic Acropolis of Athens to the beautiful island of Santorini, and from the azure Aegean Sea to the tranquil towns, every corner exudes a unique charm. In terms of climate, Greece has a Mediterranean climate with little temperature variation throughout the year and about 300 sunny days annually. Regarding the environment, Greece has excellent air quality, with an annual average PM2.5 index generally between 13 and 30 (below 50 is considered an excellent standard). Culturally, Greece is the cradle of European civilization, ranking 15th globally in the number of World Heritage sites, with 18 sites in total, including 16 cultural heritage sites and 2 mixed cultural and natural heritage sites. Living in Greece, one can not only enjoy the Greek sunshine and taste Greek cuisine but also experience the local customs and culture anytime and anywhere.
Investing in Greek real estate not only meets needs such as European travel, self-residence, vacationing, and retirement, but also allows investors to leverage the "dividends" of Greece's economic recovery, the prosperity of its tourism industry, and the "fast lane" of soaring property prices to achieve asset allocation.
Starting September 1, 2024, the Greek Golden Visa will enter a new era with an €800,000 threshold. The days of obtaining EU residency for a highly cost-effective €250,000 are numbered. With the policy change, it is a race against time! If you want to lock in the old policy, you must prepare early and act quickly!
You need to grasp two key deadlines:
◆ A deposit of at least 10% of the property price must be paid into the developer's Greek account by August 31, 2024.
◆ The full payment must be made and the property transfer procedures completed by December 31, 2024.
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