It is reported that on September 10 local time, Greek Prime Minister Mitsotakis announced 21 measures at the Thessaloniki International Expo. One of the measures that attracted much attention from overseas investors is: grants the investment limit of golden visa license, from 250,000 euros to 500,000 euros , and introduces this measure to increase the number of available real estate for the Greeks.
At present, the Greek government is further modifying the framework of the Golden Visa Plan. The relevant amendment details have not been announced yet, but according to relevant people, the transition period from the announcement to the official implementation of this new measure may only be about 4-6!
This means that soon after, one of the most popular investment immigration projects in Europe, "Greece House Buying Immigration", will double the investment threshold from the extremely competitive 250,000 euros to 500,000 euros! Before that, the project lasted nearly 10 years and had never increased its price...
In order to attract foreign investment and stimulate the real estate market, the Greek government launched the "house purchase and residence allowance" policy for citizens of non-EU countries in April 2013. The "residence permit" obtained by
is a type of residence permit added by the Greek government for real estate buyers. Investors can obtain it by purchasing one or more properties in Greece of no less than 250,000 euros. This policy immediately attracted widespread attention as soon as it was launched!
In July 2015, the Greek government made partial changes to the original policy of "house purchase immigration", clarifying that the residence permit that applicants can obtain is the "Investor Permanent Residence Permit", and the applicant's parents are allowed to apply with them; the residence time of the applicant who is allowed to hold a residence permit can be included in the residence time of applying for a long-term residence permit and naturalization.
In addition, the Greek government has also introduced many favorable policies during the epidemic in 2022, such as:
● Abolish the age requirement and allow minor children to apply for permanent residence status as main applicants for Greek investors;
● Submit without entry, you can sign a POA to entrust a lawyer to handle it, and you can get permanent residence status in China throughout the process and get Greek "blue paper";
● After the accompanying children are over 21 years old, they can renew their permanent residence status again until the age of 24;
● Permanent residence cards of Greek third countries can be processed online for renewal updates.
It can be said that in the past decade of implementation of the Greek house purchase immigration policy for , it has taken advantage of the relaxed conditions of , such as , which has no education, language, investment experience, and other requirements; far lower than the low investment threshold of 250,000 euros for similar projects; renewal conditions without any residence requirements ; , the multiple advantages of the three generations of , and the favorable policies introduced in a timely manner have attracted many investors.
According to official data, from the implementation of Greece's "Golden Visa" plan to the end of 2021, Greece has issued a total of 28,767 golden visas to 9,610 investor families. Among them, Chinese investor families account for the largest proportion, up to 67.5%, and a total of 19,412 golden visas were issued to 6,405 Chinese investing families!
Since the Cyprus passport policy was suspended in 2020, the trend of tightening investment immigration policy in Europe has become increasingly fierce. Even in the European Parliament in the first half of this year, the EU also approved a report that "calling EU member states to stop all investment immigration plans by 2025 through phase-out".
And under the EU's "strict control", as well as the Greek debt crisis was lifted, the economy continued to recover and improve, and the local real estate market rebounded, Greece's urgency for foreign investment weakened, and Greek home buyers finally moved towards the result of "price increase". The "ultra-low-price era" of 250,000 euros is about to become history!
At present, global immigration policies are changing frequently. Investors want to allocate their overseas identities, so it is better not to be too late! Those who are still waiting and watching recommend preparing as soon as possible and seizing the opportunity!
