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 […]