Greece is going to raise prices again?
Greek "Daily" News: The Greek government may once again raise the 250,000 euro "golden visa" investment threshold in some areas.
On the one hand, it is to suppress buyer demand, and on the other hand, it is to "depress" the sales and rental prices of real estate.
Greek Finance Minister K. Hatzidakis also mentioned at a meeting on the "Golden Visa" program last week: "The authorities will take measures to limit the "Golden Visa" program, raising the threshold to attract more substantial investment, but properties that have already been listed will be exempted, and a lower minimum threshold will be applied to them in order to direct funds to the category of real estate that is particularly needed." ”
Why do Greece raise prices frequently?
Greece only raised prices on August 1, 2023, and it has only been half a year since the price increase was ushered in again, which is not good news for friends who are interested in immigrating to Greece!
So is Greece's move a blatant targeting of immigrants?
No, the frequent price increase of golden visas may also be a helpless move for Greece.
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EU pressure
In 2022, the European Commission publicly called on EU governments to stop selling citizenship to investors – and although the Golden Visa program is different from the Golden Passport program, which provides residency (and in some cases permanent residency) rather than citizenship, the EU has taken tough measures against the industry.
The entry of foreign investors has greatly boosted the vitality of the Greek real estate market, but at the same time, it has also created a dilemma for locals who are facing housing problems because they cannot afford high housing prices. Public discontent over soaring housing prices has also forced the government to readjust its policy on the "Golden Visa" program.
In the context of a series of pressures and the successive shutdown of projects in other European countries, the Greek "golden visa" will usher in a shutdown in 2025, which may not be alarmist!
People frantically poured into Greece
Compared to other European countries, Greece is not only the lowest price in the existing golden visa program, but also the country in Europe where you can get permanent residence in one step with the lowest investment.
Therefore, whether it is in terms of price or identity gold content, Greece's advantages are very obvious!
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The needs that Greek identity can meet
- Identity: yearning for European identity, hoping for a low threshold and being able to immigrate to Europe in the shortest time;
- Travel: You don't need a visa to travel in Europe, and the Greek green card can be free in 29 Schengen countries, and you can go as you want.
- Education: Parents who hope that their children can enjoy the status of overseas Chinese students and easily enter prestigious schools in China with low scores;
- Matching: Have the status of a small country's passport, but also need to live abroad for a long time;
- Assets: Want to achieve the simultaneous optimization of assets and identity through cost-effective real estate investment;
- Pension: I hope to enjoy the superior climate and environment of the Mediterranean, as well as the benefits of medical care and education in Greece;
- Flexible: I want to get a European green card status but I don't want to be restricted by immigration supervision.
Although the future direction of policy is still uncertain. But judging from the current wind trend, even if the Greek "gold policy" project has not yet reached the step of shutting down for the time being, there is almost no suspense about the price increase, it is just a matter of time.
At present, if you want to apply for Greek immigration, you still only need to invest at least 250,000 euros in the local area to buy a property, and you can easily get permanent residence for three generations in one step. Ruihong Overseas suggests that friends who are still waiting and watching must hurry up and act in order to catch the last train of low-cost immigration to Greece~