1,
"water content" for Greek house purchase immigrants
Hello I am the Chinese aspiration Wuyoujun.
Greece House purchase immigration has been a popular project in the Chinese market since its official launch in 2013. The reason is no different, because this is the lowest threshold for EU so far, and you can get a "permanent green card".
You can get a "permanent green card" from Greece by spending 250,000 euros to buy a house. Does it sound worth it?
However, the "permanent green card" here needs to be quoted.
Because this is essentially an investment visa, the right you can have is to live in Greece for a long time, you can do business or start a business, but you don’t have the right to work here.
And this "permanent green card" is also bound to your real estate. If you want to maintain this identity, your house cannot be sold. If you hold this "permanent green card", you cannot settle in other EU countries. You only enjoy the right to sign up for visa-free entry, but it is limited to tourism, up to 90 days. Because this is just a permanent residence in Greece, and it is not a real permanent residence card for EU. After you have it, you can live in any EU country and enjoy the benefits of local residents.
Then you may be surprised. Since this "permanent green card" has such a lot of moisture, why has this immigration project remained popular in China over the years?
Because most people who handle this immigration program have simple and clear demands, that is, they can get a visa to live in Greece for a long time. Buying a house for 250,000 euros is just the housing price level in China's fourth- and fifth-tier cities. Do you think it's worth it if you exchange it for a "permanent green card" from Greece?
is not your final decision. At least in the hearts of those who have handled this immigration, they have long thought it was worth it, otherwise they would not have invested real money into the Greek market. Of course, there are also regrets. It may be that before making a decision, I did not really understand the policies and pros and cons of Greek house purchase immigration, so I went to the local area for inspection in a daze. As soon as I saw Aegean and the house with blue roof and white walls, I was excited, and then signed the agreement and swiped the card. Later I found out that this "permanent green card" is moisture. If you want to get a real EU green card, you need to live in the local area for at least 4 and a half years and fill immigration supervision .
So figure out the policy and see the "true face" of Greek home purchase immigration, which can not only help you be more rational when making decisions, but also learn from one example and see the logic of the entire EU home purchase immigration.
2,
It is time to see the "real face" clearly
What we say here is not to fight counterfeiting or reveal the bottom line, but to introduce to everyone the ins and outs of the Greek house purchase immigration project.
Why did Greece launch this immigration project? What benefits does Greece want to gain through this project? In the past 10 years of operation, has the project developed in the direction it was originally established? In what direction will the policy of this project change in the future? If you understand all these questions, then you are at least stronger than most of the intermediaries on the market now.
First look at the first question: Why did Greece launch this immigration project?
In 2008, Greece experienced the European debt crisis, and the entire country was on the verge of bankruptcy. In order to attract foreign investment and boost the economy, after several years of hard support, Greece finally came up with an idea in 2012, which was to attract foreigners to buy houses in Greece with a residence status.
Why buy a house? Because in 2008, Greece's real estate bubble was burst at its highest point, and real estate prices fell by 40% almost overnight, which made many people unable to pay back their mortgages and banks could not collect money, causing a vicious economic cycle.
What should I do? It’s better to let foreigners buy our house, so that the ex-home owner will unpack and the bank can operate again, killing multiple goals in one fell swoop.
So at the end of 2012, Greece launched a policy plan to "foreigners purchase real estate and send EU residence". In April 2013, the Greek Parliament specially approved the "Greece Investment Immigration Promotion Act", and Greece's house purchase immigration policy was officially released. If you buy a property worth more than 250,000 euros locally, you can get a "permanent green card" and bring your family with you. When the policy of
was launched at that time, it immediately became a project promoted by domestic immigration agencies. Because the threshold is low, the EU did not have a country that could buy a house and directly get a "permanent green card". Although it was moisture, it was also a permanent green card.
So this project has been very popular over the years. If we look at Greece's original intention at that time, it has indeed achieved the effect.
According to data released by the Greek Immigration Bureau, from the implementation of Greece's "House Buying Immigration" plan to December 31, 2021, Greece has issued a total of 28,767 investment visas to 9,610 investor families. Among them, 19,412 copies were issued to 6,405 Chinese investors, the largest number of visas issued among all countries, accounting for as high as 67.5%.
ranks second in the number of applicants for Türkiye , and Russia ranks third in the number of applicants. However, the number of applicants in all countries afterwards is not as large as that of Chinese.
We calculate the minimum threshold of 250,000 euros. Over the years, Greece has attracted at least 2.4 billion euros of foreign investment due to this policy. This is just the payment for buying a house, and it has not counted taxes, the inspections of these people in Greece and the various consumptions of living.
The most direct thing is that the real estate industry has been revitalized. According to statistics from the Greek Central Bank in 2022, the national real estate prices in Greece rose by 31.2% in four years.
This answers the previous questions. Greece has indeed gained very intuitive benefits through this home purchase immigration policy, if we look at it from the data alone.
But there are also problems, that is, behind the data, there is actually a more complex reality.
The people who really benefit from the Greek house purchase immigration policy are real estate developers and real estate agents in Greece, as well as lawyers who specialize in helping people apply for immigration. When you come over, you will be the Greek bank, and when you come over, you will be the Greek government.
Because housing prices have risen, the Greek government has had to issue housing subsidies to low-income people. Moreover, most of the people who buy houses and immigrates have one-time transactions. After they get a green card after buying a house, they basically will not live in Greece, which actually plays a very small role in Greece's economic development.
So, the Greek government over the years. As long as the economy is a little better and I can breathe, I will continue to improve my immigration bill.
3,
.5 million euro era is coming
Today's Greece has emerged from the shadow of the European debt crisis, and the economy has moved from a vicious cycle to a virtuous cycle. The emergency relief plan in the past is obviously out of place, so the Greek government officially announced this year that it will reform the home purchase immigration bill from next year, raising the threshold of 250,000 euros to 500,000 euros.
This is not just a simple issue of price increase, but also more standardized management of the chaotic market in the past.
For example, no longer accepts POS machine methods (including UnionPay , MASTER, VISA, etc.) to pay for the purchase price, and can only be paid by remittance or check.The application procedures for individuals who have not been present in person (Power of Attorney POA) to open a Greek account will be gradually returned. The materials have been submitted and the funds entered into Greek must be subject to the same name.
In addition, Greece has also launched more diverse immigration methods. In addition to home purchase immigration, there are eight ways to invest in immigration now.
For example, if there are deposit immigrants, they will deposit 400,000 euros in credit institutions designated by the Greek government; there are also bond immigrants, and they will purchase at least 400,000 euros in bonds registered in Greece, excluding real estate companies.
It can be clearly seen that the Greek government hopes that the funds inflow will not only be invested in the real estate market, but can help the balanced development of Greece's economy in all aspects.
also try to avoid the chaos in market management in the past, allowing some unknown funds to flow into Greece, making it like Cyprus, and the face on the EU is not good-looking.
This is the "true face" of Greek home purchase immigration, it is also the future immigration policy trend of Greece, and it is basically the general trend of immigration in the EU.
