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Golden Visa

Foreign Investment in Greek Properties Skyrockets in First Half of 2019

According to the latest data published recently by the Bank of Greece, the foreign capital flowing into Greece to buy properties during the first six months of 2019 showed a staggering increase of 49 percent compared to the same...

Chinese Demand for Greek Property Remains High Despite EU Crackdown

The Chinese demand for Greek property remains close to historic highs, despite the European Commission's recent call for a crackdown on potential abuses of European Golden Visa programs, says Carrie Law, director of leading Chinese real estate company Juwai. Chinese...

'Golden Visas' show 46% Increase in 2018

Greece saw an increase of 46 percent in the number of residence permits given to non-EU citizens who took advantage of the "Golden Visa" program in 2018, Kathimerini daily reports. The program provides renewable residence and work permits to individuals...

''Golden Visa'' Investors and Tourism Boosting Greece's Recovery

  The Greek economy is currently undergoing a major transformation, mainly because of the real estate boom and record-breaking tourist arrivals, the New York Times reported on Wednesday. The American newspaper analyzed the two major factors which are contributing to Greece's...

Greece to Expand ''Golden Visa'' Granting Criteria

The Greek Ministry of the Economy brought a bill to the Parliament on Friday, with which it intends to broaden the criteria of the ''Golden Visa'' program. After the bill is voted on, the Greek State will be able to...

Golden Visa, Airbnb Drive Greeks Out of Housing Market

The real estate market in Greece is booming because of an extraordinary amount of sales to foreigners who want to receive the so-called "Golden Visa", while an increase in the number of people who short-lease their apartments to platforms like Airbnb is driving up rent prices.

Chinese Investors Delivering Athens Real Estate Boom

The recent real estate boom in Athens, precipitated by the thousands of Chinese citizens visiting Athens seeking out a bargain on property, was the focus of an extensive report published recently by Reuters. As reported by the wire service,...

Greece to Expand Its 'Golden Visa' Scheme

The expansion of the "golden visa" foreign investors incentive program is among the priorities of the Economy and Development Ministry of Greece. At a press briefing on the Ministry’s plan over the next two months, Stergios Pitsiorlas, Greece’s alternate Minister...

Record Number of Foreign Investors Use 'Golden Visa' Scheme in Greece

Record numbers of non-EU investors are granted the "Golden Visa" scheme that entitles them to a Greek residence permit in return for major investments, new data show. Chinese top the list with 1,395 permits, followed by Russians at 429, and...

Chinese Purchased €258 Mln of Greek Residential Real Estate in 2017

Mainland Chinese purchased at least €258 million (U.S. $300 million) of Greek residential real estate in 2017, according to a report by Juwai, a Chinese international real estate company. The company estimates that in 2018 investment could be even higher...