How much will the Golden Visa drop in price? When should I get in? Have prices in the center of Athens peaked long ago? Will Greek real estate hold its value in the long run?
HIGHLIGHTS: Greece is considering overhauling its Golden Visa program
On November 3, according toGreek Travel PageReforms that will come into effect after the epidemic subsides at the Greek Development and Investments Ministry include incentives for property investment outside of Attica, with the aim of revitalizing the national real estate market, local media reported openly.
Attica (Αττική) is the administrative district of Athens, the capital of Greece, where more than one third of the country's population is settled. With a total area of 3,808 square kilometers, Attica is the most densely populated region of Greece, encompassing the well known areas of Kifissia, Plaka, Koronaki, Arimos, Glyfada, Voula, the port of Piraeus and the embassy district.
October 19EURO2DAYAccording to the report, properties priced at 50,000 or 60,000 euros were sold to Chinese buyers for 250,000 euros or more. In addition, two Chinese investors purchased the same property and were both granted "golden visas".
November 6International Investment websiteUnder the headline "Greece is considering a complete overhaul of theGolden VisaWith the release of the "Program" and the intention of the Ministry of Development and Investment to cap property prices, Greece will strive to promote the business and tourism benefits of other Greek regions, with the focus expected to be on the western and northern regions of Greece outside of Attica. In order to ensure the effective implementation of the program, the Greek Golden Visa will be set at a lower price in these regions, as the government tries to attract potential investors and convince them to give these undervalued regions a chance.
Recently a spokesman for the European Commission said, "EU citizenship cannot be traded as a commodity, and the ongoing 'golden passport' scheme calls for it to be ended as soon as possible." After the suspension of the Cypress and Malta Citizenship by Investment program, the news of the tightening of the European immigration program is frequent, making many people look at Turkey and Montenegro,Caribbean passport immigrationGreece is the first country to go against the EU Council's resolution, and we will have to wait for the end of the outbreak to know why the final outcome. Chinese nationals account for around 70% of successful applicants for Greece's Golden Visa, and demand from UK investors has kept growing so that the UK can still move freely between the UK and the EU after Brexit.
Europe is facing recession, epidemics and other reasons for the dramatic turmoil in the room, want to buy a house to obtain the identity of the investors should pay attention to the risk of investment, remote purchase of real estate or in the direct payment to the intermediary company is recommended to carefully assess the first, the current golden visa policy and the renewal terms and conditions of the visa may still be unknown risks. If still Greece short-term immigration to Europe, you canVisa for financially independent persons from Greeceor purchasingFor Caribbean passportsVisa-free access to Europe and free entry and exit from Europe first before carefully choosing a home in person. Europe has begun its second blockade, and the U.S. is facing election problems and a backlash from the winter pandemic, so it's better to plan for immigration firstconsultativeA professional consultant who draws up a good plan so that it can be implemented accurately.
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