Quality of life, tax benefits, and safety remain the main factors guiding retirees’ choices.

Athens is a vast construction site. A dense forest in the hunting season, fertile ground for what the academics call the “financialization of housing”

The report indicates that this increased demand from overseas buyers has driven up real estate prices in urban centers, with Athens, Thessaloniki, and Mykonos seeing some of the sharpest rises.

While Novak Djokovic continues his quest for yet another Wimbledon title, rumors swirl that the Serbian tennis legend is planning a permanent move to Greece. Yes, you read that right — the man who has ruled tennis courts across the globe may soon be calling Athens home

Chinese investors, who represent the largest group of Golden Visa holders, favor long-term leasing as a strategy to secure stable income for at least three years.

The development will feature 408 fully furnished apartments ranging from 44 to 69 square meters, including open-plan studios and one- or two-bedroom apartments.

Golden Visa applications in Oct. 2024 were up by 12% compared to the same month of 2023 – 12,577 to 11,229 - despite higher minimum investment set by Greek government this year

Buyers over 50, and middle and upper management executives constitute the primary groups investing their savings primarily in newly built high-end properties

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

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

Prices in the southern Attica region of Piraeus soared 27.3%, according to the leading real estate website Spitogatos

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

"We are determined to continue, more or less, in the same way, proceeding with all necessary structural reforms, sending the message that this country is investment-friendly," Mr. Hatzidakis said

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.