Recently, Greece reached an exciting milestone—international credit rating agency Moody's announced that it has upgraded Greece's sovereign credit rating to Baa3, with the rating outlook adjusted from positive to stable. This marks the first time Moody's has upgraded Greece's sovereign credit rating since the 2010 debt crisis. As a result, major international rating agencies have elevated Greece's rating to investment grade.
Moody's stated in its announcement that the upgrade is primarily based on Greece's public finance improvement occurring faster than expected, as well as its enhanced resilience to potential future economic shocks.
The positive changes in the Greek economy are clearly visible in Moody's report: Greece's debt-to-GDP ratio has decreased by over 40 percentage points from its peak in 2020, and it is expected to further decline to 154% by 2024; the Greek banking sector continues to stabilize and improve profitability.
Previously, in October and December 2023, Standard & Poor's and Fitch respectively upgraded Greece's sovereign credit rating to investment grade. This rating adjustment follows Morningstar DBRS's upgrade of Greece's credit rating from "BBB low" to "BBB," further reflecting international institutions' confidence in Greece's economic recovery.
The upgrade of Greece's sovereign credit rating to investment grade not only confirms that Greece has emerged from the shadow of the debt crisis but also sends a positive signal for economic development to investors. Against this backdrop, the advantages of Greece's Golden Visa program are further highlighted. Notably, the minimum investment threshold for Greece's "business-to-residential" project remains at €250,000, which is undoubtedly an attractive option for investors looking to purchase property abroad and obtain residency.
As one of the few projects in the immigration market that allows for quick acquisition of an EU green card, the Greek property investment immigration program has relaxed requirements with no educational, language, management experience, or residency prerequisites, along with multiple advantages such as allowing three generations of a family to apply together. By investing in property starting from €250,000, one can obtain permanent residency in Greece, an EU country, all at once, with numerous benefits! Currently, there are not many quality "business-to-residential" properties on the market that meet the application criteria for Greece's Golden Residence Permit program and can be quickly transferred. It is recommended that interested investors seize the opportunity, choose properties early, complete the transfer early, and obtain residency status early for peace of mind!
* Investment involves risks; the above information is for reference only.*