The countdown to the Greek immigration price increase has begun, and time is running out for global investors to secure low-cost access to the European Union. For those dreaming of settling down in the heart of Europe, this is the critical moment to make a decision. Do not let your future self regret today's hesitation; missing this final opportunity means significantly higher costs in the future. Time is of the essence, and immediate action is imperative.
Greece is currently one of the most popular destinations for tourists worldwide. According to a recent survey report by the European Travel Commission (ETC), Greece led Europe in the growth of inbound tourist spending in the first half of 2024, with an increase of 25%. The Mediterranean region is highly favored by tourists for its sun and beaches, with Greece standing out in particular.
With the arrival of summer, travel demand in the Mediterranean has reached its peak, with 45% of European travelers choosing warm-climate destinations for their vacations. Greece has become a popular choice due to its charming beaches and warm climate. The survey also shows that 36% of Europeans plan to travel at least once in the coming months, an increase of 6% compared to last year.
The Greek Minister of Tourism emphasized in a speech: "The government prioritizes the sustainable development of the Greek tourism industry and believes it is necessary to adopt targeted legislative measures to support this strategic goal." She specifically pointed out that between January and April 2024, inbound tourism traffic increased by 20% compared to the same period in 2023, which is the highest growth rate on record. Meanwhile, tourism revenue for the same period also saw a significant increase of 22%.
Last year was already a milestone year for the tourism industry, with all sectors in Europe and Greece breaking records, and the initial data for 2024 has paved the way for new historical highs. Officials expect the number of tourists this year to exceed the record of 33 million set in 2023.
The continued prosperity of the Greek tourism industry has not only brought considerable economic benefits to the country but has also provided strong support for the Greek real estate market. The thriving tourism industry is driving the development of Greek real estate investment. According to data, the Greek luxury property market showed significant growth in the first half of 2024. Compared to the same period in 2023, sales increased by approximately 90%, while demand grew by 11%.
For investors seeking stable returns and high-quality investment opportunities, Greece is undoubtedly the most cost-effective choice. With an investment of just 250,000 euros in Greek property, three generations of a family can obtain permanent residency, securing a Green Card in one step and gaining visa-free access to 29 Schengen countries. Furthermore, Greece can be considered the country with the lowest threshold for European permanent residency. The required documentation is relatively simple, and there are almost no requirements for applicants regarding language, capital, or educational background.
Currently, the Greek Golden Visa is in the final countdown to a price increase. Starting September 1st, the threshold for Greek immigration will rise significantly, with the property investment requirement jumping from 250,000 euros to 800,000 euros. Under the new policy, the cost of obtaining Greek residency will increase substantially, meaning the opportunity to secure European residency at a low price will be gone forever.
Investors who wish to proceed should select their preferred property projects for transfer as soon as possible. To immigrate to Greece at the low price of 250,000 euros, you must pay at least a 10% property deposit to the developer's Greek account by August 31, 2024, and pay the full balance and complete the property transfer procedures by December 31, 2024. Now is the best time to act; locking in the policy and getting on board quickly is the most suitable choice at this moment.
Worldway Group has maintained friendly interactions with the Greek government for many years. Senior executives of Worldway Group have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Ministers, Consuls, and immigration officials. In July 2013, Worldway Group, in collaboration with the Greek Embassy in China, held the launch ceremony for "Greek Property Investment Immigration" in China, introducing the Greek property investment immigration program to the Chinese market. (For details, click: Link 1: Greek Ambassador to China and Worldway Jointly Launch Greek Project; Link 2: A Major Milestone! Worldway Celebrates the 10th Anniversary of Introducing the Greek Property Investment Immigration Program to China). 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 2024, the Greek property investment immigration program marks its 11th anniversary in China, a significant milestone with profound meaning.
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