The global elite are on the move — and Greece is now one of their preferred destinations. According to the Henley Private Wealth Migration Report 2025, the country joins the top ten worldwide in attracting millionaires, alongside the United Arab Emirates, United States, Italy, Switzerland, Saudi Arabia, Singapore, Portugal, Canada and Australia.
Saudi Arabia
The report highlights a worldwide trend in which high-net-worth individuals — those with assets over $1 million — are relocating in record numbers. In 2025, more than 142,000 millionaires, including thousands worth over $30 million, are expected to change their country of residence.
From Dubai to Lisbon and Miami to Athens, the rapid pace of construction reflects this global movement of wealth. The reasons go beyond quality of life factors such as climate, cuisine and proximity to the sea. Tax advantages, investment opportunities, safety, and access to world-class infrastructure also weigh heavily in the decision.
Miami
The United Arab Emirates is forecast to attract 9,800 new wealthy residents this year, topping the list. The United States follows with 7,500, drawing newcomers from Asia, Latin America and the UK. Italy ranks third, welcoming 3,600 millionaires thanks to its low 4% inheritance tax, cultural heritage and lifestyle.
Italy
Other destinations in the top ten include Switzerland, Saudi Arabia, Singapore, Portugal, Greece, Canada and Australia. Greece’s appeal is boosted by its investment migration programs, competitive taxation and Mediterranean lifestyle. Luxury property purchases are rising, especially along the Athens Riviera and in the Cyclades.
The report also notes that the UK is expected to see the largest net loss in 2025, with 16,500 millionaires leaving. China and India also record significant outflows, along with France, Spain, Germany, Ireland, Norway and Sweden.
Paros
Lisavona
Real estate plays a key role in this wealth migration. The ultra-rich often own multiple luxury properties across different countries, using them as a store of value, a way to maintain a global presence, and a safeguard against political or economic instability.
Italy
The “great migration of wealth” appears to be accelerating, driven by geopolitical tensions, climate challenges, technological change and shifting tax policies — with Greece now firmly established among the elite destinations of choice
Lisavona
