11th November 2014
Immigration Investments to Greece
EU COUNTRIES PROVIDE “GOLDEN VISA” AS STRATEGY FOR CRISIS RELIEF
Obtain a Residence Permit with minimum property investment of €250,000
Immigration investments or “Golden Visa investments” have become an uprising trend since the European crisis started. These investment programs are basically a tool that grant wealthy investors residing outside Europe an opportunity to “purchase” a passport or residence permit that applies to all 26 Schengen countries. Different countries have different conditions and benefits, but they generally require investments with varying price tags.
The investment conditions of Portugal and Spain are at the higher end of the spectrum with a minimum investment of €500,000, while Cyprus has a lower requirement with an entry price of €300,000. The popularity of these investments are apparent as countries strive to provide more attractive offers than their counterparts, with Greece coming in with the lowest entry price to date at €250,000. With a property purchase that satisfies the minimum investment, foreigners can acquire a Golden Visa that grants access to 169 countries globally.
The Asia Bankers Club is partnering with ImmiDream Limited, an immigration investment agency, to introduce property investment projects in Greece. The first of such projects is the Athena Residence development that will be introduced to the Hong Kong public in an exhibition on 22 – 23 November at Regal Hong Kong Hotel. This project comprises of freehold apartments in the city centre of Athens.
Kingston Lai, CEO of the Asia Bankers Club states that “This is the ideal time to invest in Europe as property prices in European countries such as Greece are currently 50% below peak, and investors can purchase quality units at a bargain. We see the potential in such investments as Chinese nationals are actively sourcing for immigration investment opportunities, hence the price of this asset class can only go up.”
The listed property developer, Euroterra Capital, is the developer of Athena Residence in Greece. Pantazis Therianos, Managing Partner of Euroterra Capital adds that “We see a good market outlook in the Greece property market and the investment sentiment is coming back in recent months. We are looking forward to investing more money in this previously distressed market and bringing quality products to overseas investors, in particular, those who are seeking to get a permanent residency by investing in properties.”
About Asia Bankers Club
The Asia Bankers Club is an investment club for banking and finance professionals in Asia. With a vast member base, the Asia Bankers Club organizes events for its members and provides physical assets for investments, such as properties, fine wines, art, timepieces, and collectables. Our members are from top tier investment, private and consumer banks, asset management companies, private equity firms, hedge funds, and sovereign wealth funds primarily located in key financial centres.
About ImmiDream Limited
ImmiDream Limited is a Hong Kong-based immigration investment company that specializes in Greek property investments and immigration. The company has chosen to focus on Greece initially, but more countries will soon be added to the platform.
About Euroterra Capital
Euroterra Capital is a multinational boutique residential property investment and development company with headquarters in London and offices well placed in strategic locations in Europe and Asia. Euroterra Capital has vast experience in providing high quality residential homes and apartments in Prime Central London and major cities in Europe.
Euroterra Capital was founded by the Therianos family of Greece, and over several generations in the property business, our international team can now claim over 150 years’ combined experience in European real estate investment and development. This in-depth expertise gives us exceptional market insight when pursuing rewarding property opportunities on behalf of our valued clients – plus we have a proven track record of stable cash-flow and superior returns.