Greece

Foreign investors eyeing Greece for residency through the Golden Visa program will encounter heightened investment criteria starting March 31st, 2024. The updated regulations, aiming to balance housing affordability and foreign investment, introduce tiered minimum investment thresholds ranging from €250,000 to €800,000. Addressing Housing Concerns Previously, a €250,000 investment in any Greek...

The Greek Finance Ministry unveiled significant revisions to the Golden Visa program on Thursday, aimed at addressing the country's housing crisis by adjusting investment thresholds for third-country nationals seeking residency permits. Under the new regulations, prospective investors targeting popular regions like Attica, Thessaloniki, Mykonos, Santorini, and islands with a population exceeding 3,100...

Greece is set to implement changes to its Golden Visa program, as Prime Minister Kyriakos Mitsotakis announced plans to raise the minimum investment threshold for third-country nationals. During a parliamentary debate on the housing crisis, Mitsotakis revealed that the Golden Visa requirement could increase to €800,000 for real estate investments in specific regions. This announcement follows the...

In a remarkable tourism boom, Greece witnessed an unprecedented surge in visitor arrivals, reaching a staggering 32 million tourists from January to November 2023, as reported by the Bank of Greece on Monday. The inbound travel movement experienced a remarkable spike of 17.3%, with a total of 31.97 million travelers gracing the picturesque landscapes of Greece, a significant jump from the 27.25 million...

The Economist has declared Greece as the "Country of the Year" for 2023, acknowledging its remarkable resilience amidst a challenging global landscape marked by conflicts, autocratic regimes, and restricted freedoms. The decision was based on the publication's quest to find the place that exhibited the most improvement in a world fraught with difficulties, ultimately bestowing this honor upon...

Recent reports from Bloomberg reveal a remarkable surge in Athens' real estate market, establishing the Greek capital as one of Europe's fastest-growing housing markets. Home prices in Athens soared by 12.2 percent in October, significantly surpassing increases seen in other major European cities, such as Stockholm, while standing resilient against declines witnessed in cities like Paris. This...

Greece this week officially increased its golden visa program minimum investment requirement. The golden visa limit has been doubled from 250,000 euros to 500,000 euros, allowing third country nationals to obtain five-year residency rights by purchasing property in specific areas of Greece. Effective August 1, the new rules state that individuals or legal entities must invest a minimum of 500,000 euros...

In a promising sign of recovery for the aviation industry, Athens International Airport (AIA) has witnessed a remarkable surge in passenger traffic. In July, the airport recorded a significant 16.1 percent increase in passenger numbers compared to the same month in 2022, with a total of 3.29 million people passing through its gates. What's even more encouraging is that the figures also surpassed pre-Covid...

The Greek passport has maintained its strong position in the global rankings, securing the 7th spot on the Henley Passport Index. Greek passport holders enjoy visa-free access to 185 countries, solidifying its status as one of the most powerful passports in the world. On the other hand, the Cyprus passport has dropped one spot from last year's ranking and now stands at 12th place on the Henley Passport...

The Greek Golden Visa Program offers property investors the opportunity to obtain a five-year residence permit. Currently, the minimum investment requirement is €250,000, but it will increase in 2023 to €500,000 in certain parts of the country, including Athens, the capital. Investment Options for Greek Golden Visa Investors participating in the program have the option to invest in residential or...