{"id":47377,"date":"2023-01-10T13:02:46","date_gmt":"2023-01-10T18:02:46","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=47377"},"modified":"2023-01-10T13:12:03","modified_gmt":"2023-01-10T18:12:03","slug":"new-changes-to-greek-golden-visa-program","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/new-changes-to-greek-golden-visa-program\/","title":{"rendered":"New Changes to Greek Golden Visa Program"},"content":{"rendered":"

Greece Increases Minimum Golden Visa Investment<\/strong><\/h1>\n

Greece is one of the global west\u2019s oldest civilizations. The rich history, temperate weather, and beautiful architecture of the country make it one of the most desirable destinations in the world.<\/a>\u00a0 It is an easy place to adopt a healthy lifestyle.\u00a0 The quality of life is high, and expats earning anything above the average salary will be able to live a relatively lavish life in this Mediterranean country.<\/p>\n

For many years, the Greek Golden Visa<\/a> program has offered one of the more affordable investment thresholds among its European counterparts, whereby applicants could qualify for a minimal real estate property investment worth at least \u20ac250,000, among other investment options.<\/p>\n

Our experts look forward to discussing all options to make Greece happen for you!\u00a0 Contact us today<\/a> to arrange for a consultation.<\/p>\n

\"Invest<\/p>\n

The Greek Golden Visa Demand Skyrocketed in 2022<\/strong><\/h3>\n

According to data from the Bank of Greece<\/a>, during the second quarter of the year, capital inflows from abroad for the acquisition of real estate in Greece amounted to 414.4 million euros<\/a>. This is an increase of sixty-seven percent compared to the corresponding period last year.<\/p>\n

Apartments in the center of Athens, quality constructions along the Athens Riviera, and luxurious country houses in popular tourist areas are the main areas chosen by foreign investors.<\/p>\n

During the first half of 2022, foreign capital inflows in Greece registered an annual increase of sixty-one percent to 788 million euros compared to 488 million during the corresponding period of the previous year.<\/p>\n

\"best<\/a><\/p>\n

In Certain Regions of the Country the Investment Has Doubled To \u20ac500,000<\/strong><\/h3>\n

On 10 September, Kyriakos Mitsotakis, Prime Minister of Greece, made an announcement and stated that the minimum investment amount for property acquisition under Greece Golden Visa<\/a> program will be raised to \u20ac500,000.<\/p>\n

This price hike makes the Golden Visa Program less attractive and attainable for many potentially interested.<\/p>\n

In his speech, Mitsotakis emphasized that this change is because investors were snapping up Greek properties, particularly in Athens, and driving Greeks out of their own neighborhoods and raising rents.<\/p>\n

Changes to the Greece Golden Visa Program Per Region<\/strong><\/h3>\n

According to Kathimerini<\/a>,<\/strong> a leading political and economic newspaper in Greece, the minimum investment is to double in central Athens and its southern and northern regions<\/strong>. Sources speculate that this increase to the minimum qualifying investment shall also be imposed in Thessaloniki<\/strong>, Santorini<\/strong>, and Mykonos<\/strong>, excluding Attica and Piraeus\u2019s eastern and western suburbs from the change.
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\n\"Wander<\/a><\/p>\n

Visa Benefits<\/strong><\/h3>\n

The benefits accompanying Greece\u2019s Golden Visa are many!<\/p>\n

Securing Greece\u2019s Golden Visa enables:<\/p>\n