Search Results: Golden Visa

The Greek government wants to decouple the Golden Visa Program from Real Estate investments

A significant uptick from Brits and Americans has been recorded over the recent 12-month period

The cost for a Golden Visa jumped from €250,000 to as high as €800,000 on September 1, but there are still some ways for third country nationals to get a lower-cost Golden Visa.

The Greece Golden Visa Program is a residence-by-investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.

Greek Golden Visa applications reached 2,644 in the first quarter of 2024, marking a 12% increase compared to 2023, which saw 2,364 applications

According to Greece's central bank, net revenues from property sales in the country purchased by foreign nationals in 2023 exceeded 2.1 billion euros.

A growing housing problem and the touristification of urban centers and popular islands have forced Greece to increase the limits of its popular golden visa program

The amendment aims to ensure the availability of affordable housing and to close loopholes that enabled third-country nationals to exploit golden visas for financial gain

The Greek Finance Ministry will be increasing the Golden Visa threshold to 800,000 euros for some areas. A relevant bill is expected to be tabled in parliament this week

The primary objective is to raise the investment threshold for obtaining the Golden Visa, to put a brake on the frenzied pace of demand recorded in the expensive areas of the two major urban centers (Athens and Thessaloniki).

A new regulation, set to be tabled in parliament in the coming period, foresees an increase in the minimum golden visa outlay for certain areas at 800,000 euros

In response to a tabled question in Parliament on a housing shortage in some areas, primarily greater Athens, the PM also cited prospect of banning 'Golden Visa' properties from AirBnB-type exploitation

In the majority of cases, foreign investors buy property in Greece not only to obtain the Golden Visa but also because it is profitable, often leasing it for short periods.

One billion euros flow into real estate market last year from scheme, with pending applications in 2024 expected to near two-billion-euro mark

As reported the most popular regions for British buyers are Crete, Kefalonia, and Corfu

Policy changes and geopolitical shifts attract global investors in Greek real estate

Figure Above One Billion Euros in H1 2023

Greece has established itself as one of the most attractive countries for foreign real estate purchases. Indeed, foreign investment has seen a 40% year-on-year increase, surpassing 1 billion euros in the first half of 2023 alone. This trend is most likely due to lower property prices compared to other countries, coupled with a high demand […]