Wednesday, November 13, 2024

Greece golden visa ‘big hit’ with foreign investors

Golden visa program in Greece has become a big hit among many foreign investors who are interested in buying a property in Greece for atleast 250,000 euros and also obtain five year permanent residence in Greece under the ‘Golden visa’ scheme.

According to Enterprise Greece Sep 2017 newsletter, Foreign nationals have invested €1 billion to purchase Greek real estate under Greece’s Golden Visa program. Since the program’s inception in 2013, 1,725 golden visas have been issued, entitling investors and their families to five-year residence permits in Greece.

Greece is also a schengen state, so buy obtain a permanent residency in Greece, investors and families can freely move to other schengen states .

The average property investment exceed 500,000 euros with significant interest in Luxury properties in Greece. A large number of turkish investors interested in the Greek Golden visa programme because of the political turmoil in Turkey, reported by Reporter.gr.

The leading investors for Golden visa Greece are from these countries..The top 3 are China, Russia and Turkey.

  • China
  • Russia
  • Turkey
  • Egypt
  • Lebanon
  • Ukraine
  • Iraq
  • Syria
  • Jordan
  • Saudi Arabia
  • United States

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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