Greece s new immigration policy for buying a house plans to increase the price to 800,000 euros!

Mondo Social Updated on 2024-02-13

Greece's new immigration policy for buying a house

On February 9, Greek Prime Minister Kyriakos Mitsotakis said in a televised speech at the first moment that the threshold for immigration investment would be raised throughout the western region of Athens, possibly including the Piraeus and Peristri regions.

Greece's new immigration policy for buying a house

Responding to a question raised by the leader of the opposition about the escalating housing problem in Greece, he said that the investment threshold for obtaining a "** visa" in urban centers and islands could be raised to 800,000 euros. For areas where there is no housing pressure, the €250,000 threshold can still be retained. In this way, the rumors that the price of Greek investment immigrants will rise again seem to be out of suspense.

The prime minister also noted that the project "brings a lot of money to our country." A conservative estimate assumes a historical average investment of €300,000 per applicant (including applicants awaiting approval), which means that the project has raised almost €6 billion in FDI since 2015.

At present, there are some popular non-price increase areas in Greece, such as Piraeus, the north of the city center, the west and other areas, and you can still invest 250,000 euros to buy a house and obtain a ** visa. Friends who are interested in investing in these areas need to start as soon as possible to catch the last train with a cost-effective price of 250,000 euros.

Greece's new immigration policy for buying a house

Whether the investment threshold needs to be raised further

On August 1, 2023, the price of Greek house buyers and immigrants will officially increase, and the investment threshold in some areas will be increased to 500,000 euros, and at the same time, the investment areas and portfolio purchases that can be freely selected are also restricted.

On February 1, 2024, the Minister of Economy and Finance of Greece, Kostis Hazidakis, in a public speech at the conference, also mentioned the increase in investment to 1 million euros in certain regions. Alexander Varn**as, a visa expert in Greece, stressed that more regions will have to raise the investment threshold, but did not specify the extent of the increase. It is possible that the investment threshold will be raised to 500,000 euros for the whole of Greece.

On February 9, 2024, Greek Prime Minister Kyriakos Mitsotakis said in his "Prime Minister's Moment" speech in parliament that there are plans to increase the investment limit for foreign citizens to 800,000 euros within the framework of the "** visa" program.

Through the information on the price increase of Greek house buyers, it can be seen that the current popular areas have risen to 500,000 euros, and the sales of real estate in the popular areas around the price increase areas are hot, and it is possible that the price of Greece will increase to 500,000 euros or even 800,000 euros in the future.

Greece's new immigration policy for buying a house

In the past year or so, investors from all over the world have flocked to Greece due to the closure of projects in Ireland, Portugal, the United Kingdom and other European countries. This has led to both the local house price and rental market**. As the king of the EU's price-performance ratio, the Greek project will eventually be unable to hold up. Interested applicants should hurry up to the last train to submit their applications.

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