Greece is not only the birthplace of Western civilization but also one of the world's top vacation paradises. With its rich history and unique Mediterranean natural scenery, Greece attracts tourists from all over the world and is considered an ideal place to live.
It is well known that Greece has been affected by a debt crisis, leading to a challenging overall situation. Although the domestic economy has gradually stabilized since the end of last year, the Greek real estate market has not shown signs of recovery, with property prices repeatedly hitting rock bottom. Its unique geographical environment and climate have meant that the quality of life domestically has not been overly affected. Some investors eyeing overseas properties have sensed a great business opportunity and recognized the appreciation potential of Greek real estate. In the first half of this year, Greek real estate has been regarded as one of the most worthwhile European property markets to invest in by many non-EU investors, including numerous Chinese individuals.
Due to the Greek real estate market lingering at a "freezing point," the Greek Parliament has passed a new investment immigration bill: allowing citizens from third countries to immigrate to Greece through property investment. The bill stipulates that non-EU citizens can apply for a five-year Greek residence permit by purchasing property worth over €250,000 within Greece. After five years, as long as the property ownership is not sold, the residence can be renewed (each time for an additional five years). Entering the Greek real estate market not only brings investment returns but also provides investors with opportunities to expand into the European trade market.
Compared to other immigration countries, immigrating to Greece has its unique advantages: Greece is a member of the European Union and also part of the Schengen Area, allowing holders of a Greek passport to travel freely to most countries in the world. The Greek residence visa allows free entry and exit in Schengen countries, and the application process has several unique advantages compared to countries like the United States, Canada, and Australia. In summary, with an investment of €250,000, one can both invest and settle in Greece, making it a twofold benefit. Moreover, this is currently the most lenient time for processing Greek immigration, which is undoubtedly good news for Chinese citizens seeking to immigrate.