The Greek Prime Minister’s speech about the price increase of immigrant investment immediately aroused a violent response from Chinese immigrants. In fact, there is no need to worry too much, because in fact the Prime Minister does not have this power. The Western political system is a parliamentary system. All laws and regulations can only be announced and implemented with the signature of the head of state of the host country after they are passed by the House of Representatives. However, so far, the Greek Parliament has not received proposals from all members of the House of Representatives regarding the price increase of golden visas, and it is impossible to talk about relevant legislation.
Previously, according to data released by the Civil Affairs Bureau of Ancient Greece, from the official implementation of the Greek "Golden Visa" program to December 31, 2021, Ancient Greece issued a total of 28,767 copies to 9,610 investors. Golden visa. Among them, 19,412 golden visas were issued to 6,405 Chinese investors, which is the largest number of visas issued among all applying countries, accounting for 67.5%. The cost-effective ancient Greek “golden visa” has always been favored by Chinese investors.
The Greek government is further changing the structure of the golden visa program. The implementation details of the changes have not yet been released. However, according to the prediction and analysis of relevant personnel, the buffer period from the announcement to the implementation of this new method is "very likely" Only 4-6 more! This shows that in the near future, one of the most popular investment immigration projects in Europe, "Greek House Purchase Immigration", will have its entry threshold doubled from the core competitiveness of 250,000 euros to 500,000 euros! Prior to this, this project had gone through nearly 10 years without any price increase...
It had a great impact on the vast majority of Chinese applicants, and the total investment amount doubled. , and also adds settlement requirements, which will be daunting to applicants, because most people still do not want to have immigration supervision.
At this stage, in addition to the price increase amount, there are also some changes and implementation details that have not yet been released. As EU countries continue to pursue golden visas and Greece’s economy recovers, it is a general trend for Greece to raise the threshold for golden visas.
Popular real estate and pressure from EU countries have led to constant rumors of a price increase for Greek golden visas. However, this time, according to a report by the local mainstream media "Euro2day" in Greece, the Greek government has begun to change the way foreigners can obtain Greek gold. The minimum threshold required for a visa.
Applicants for the Greek Golden Visa do not necessarily have to settle locally, and the entry threshold of 250,000 euros is investment in ancient Greek real estate, which is not higher than other European countries. After the five-year residence visa expires, as long as the applicant has owned real estate, he or she can apply for a visa extension. But now the threshold is raised to 500,000 euros, which is twice as much as before. Whether you are an applicant or a pure investor, this kind of information does not seem to be a good thing. You are holding the same US green card in your hand but spending a lot of money. Times the money!
Ancient Greece releases new golden visa program. Among foreign countries that allow immigrants to buy houses, the golden visa in ancient Greece is one of the programs with the lowest threshold. Due to its high cost performance, the Greek Golden Visa has been favored by international investors for many years. As of June 2022, Greece has approved golden visas for 25,999 people, of which Chinese applicants accounted for about 66%.
Looking at most immigration projects currently on the market, they have experienced a period of surge in requirements, rising thresholds, and tightening of immigration and investment policies. The same was true in ancient Greece. In recent years, the Greek economy has recovered strongly. On the one hand, as countries around the world gradually open up travel restrictions, Egypt's tourism industry is accelerating, causing local house prices to continue to soar, and the real estate industry and long-term rental market to become increasingly popular and in high demand. On the other hand, the Greek Golden Visa application requirements are still rising. According to local survey data in Ancient Greece, Greece’s golden visa requirements increased by 127% from January to June 2022, ranking first in Europe in terms of growth rate.
In addition, EU countries have called on member states to tighten new golden visa immigration policies and raise immigration investment thresholds and other external restrictions. The Greek Golden Visa, which had never seen a price increase in the 9 years since its "famous debut", may now be entering the market and the entry threshold will be raised.