September 10 Greek Prime Minister announced that Greek immigration Golden visa will increase from 250,000 to 500,000 euros. It is expected that the 500,000 euro policy will be implemented on January 1, 2023 . Applicants before this date will still follow the 250,000 euro standard, and applicants will need 500,000 euros to purchase a property.
or above translated into Chinese, roughly meaning why the limit for golden visas is increased to 500,000 euros?
With the rise in common conditions and prices of real estate, the 250,000 euro property targets the local middle-income buying and selling and leasing markets are greatly affected. The Greek government said that introducing funds, especially investing in the real estate market, is desirable, but its impact on the middle class is not desirable. "That's why this limit is adjusted to investors should target more expensive properties. In any case, legal certainty of submitted and pending applications will be ensured. These changes will be implemented from 2023.1.1.".
As demand increased significantly in the first half of 2022, according to a report by real estate brokerage Tranio, the faster-growing project compared with the same period in 2021 is the Greek Golden Visa, with the query volume increased by 127%, followed by , Turkey (+24%) and Malta (18%) gold passports. With the support of many advantages, the Greek Golden Visa project ranks among the top in the "2022 Global Residence Program Index" and ranks fourth in the world.
At the same time, the Greek government continues to introduce favorable policies: in 2020, minor children from third countries can be the leader, applicants can obtain permanent residence in Greece; real estate holding tax drops by 13%, investors who buy houses will benefit directly; postpone the capital gains tax of 15% on real estate for 1-2 years; the expenditure on renovation or upgrading of Greek buildings in the next four years will enjoy a 40% cost discount; down-to-earth favorable policies such as appointment processing in Beijing and Shanghai will further create demand for Greece's "golden visa".
In the real estate industry, Greece is considered a popular country for overseas home purchases. In the inflation era, more and more investors want their assets to be stored in potential value-added industries.
Greek investors are increasing year by year. In the first quarter of 2022, foreign investment received was 1.374 billion euros. 's investment in the Greek real estate industry was 214 million yuan, and increased by 74.8%. According to SPI (Spitogatos Real Estate Index) data in the second quarter of 2022, the average sales price of the entire Attica area increased by 7.6% year-on-year. In the first quarter of this year, the corresponding average price increase was 7.3%. Identity planning and asset investment of Greek home buyers win two birds with one stone.
.25 million home purchase immigrants have entered the countdown, and the era of low-priced immigration is about to end. I will save nearly 2 million on the last bus!
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