Greece’s Golden Visa: A Beacon of Opportunity Amidst European Changes

The Greek Golden Visa programme has witnessed unprecedented growth, attracting a surge in applications and solidifying its position as a leading investment immigration option in Europe.

A Decade of Success

The programme has injected approximately €5.54 billion into Greece’s real estate market over the past decade, with a total of 22,298 Golden Visa permits issued as of 2023. This success is further highlighted by the record-breaking year of 2023, which saw a staggering 100% year-over-year increase in applications, reaching 8,351 submissions. This surge channelled €1.32 billion into Greek real estate in 2023 alone.

Momentum Continues in 2024

The first two months of 2024 saw a continued influx of applications, with 1,299 new submissions compared to 1,248 in the same period last year, and 664 permits granted.

New Rules and a Grace Period

Recent changes to the Golden Visa program, including increased minimum investment requirements, have spurred a rush of applications as investors seek to capitalize on the existing rules before the 31st August 2024 deadline. This grace period is expected to generate a significant wave of investment in qualifying properties.

A Strong Pipeline

Despite the upcoming changes, the program remains attractive, with 9,478 applications currently under review, 6,228 of which were submitted in 2023.

A Leading Option in a Changing Landscape

While other European countries have either discontinued or announced the end of their Golden Visa programmes, Greece’s Golden Visa stands out as a beacon of opportunity. The programme’s continued popularity and strong performance in 2023 solidify its position as a leading option for investors seeking a secure investment and a gateway to Europe.

Source: Greek Ministry of Migration