The Greece Golden Visa program continues to attract global investors, with initial applications rising by 12% in October 2024. This growth underscores the program’s popularity as one of Europe’s most accessible and affordable residency-by-investment options.
Why Are Greece Golden Visa Applications Increasing?
Several factors contribute to the surge in applications:
1.Competitive Investment Threshold
Greece’s Golden Visa program offers residency with a real estate investment starting at €250,000, making it one of the most affordable in Europe. However, with the investment threshold in certain regions set to rise to €500,000 in February 2025, many investors are rushing to secure the lower threshold.
2.Schengen Visa-Free Travel
Golden Visa holders enjoy unrestricted access to the Schengen Area, a key selling point for investors from countries with limited global mobility.
3.Booming Real Estate Market
Greece’s property market is witnessing steady growth, offering both strong rental yields and long-term capital appreciation, particularly in Athens and other metropolitan areas.
Who is Investing in Greece?
The primary investors in the Greece Golden Visa program come from:
•China: The largest group, driven by demand for European residency and education opportunities.
•Middle East: Investors from countries like the UAE and Saudi Arabia seek stability and visa-free access.
•Turkey: Proximity and economic instability make Greece a prime choice for Turkish investors.
Yusuf Boz’s Insights on Greece Golden Visa
Yusuf Boz, an international investment advisor, highlights the urgency for investors to act:
“The 12% increase in Golden Visa applications reflects the program’s immense value. With the threshold set to rise in 2025, investors have a limited window to secure their residency at a lower cost. Greece offers not only a gateway to Europe but also a stable and profitable real estate market.”
He further adds:
“This program is ideal for families looking for a better lifestyle, access to top education, and Schengen mobility. It’s a holistic solution for global investors.”
Updates to the Greece Golden Visa Program
The Greek government recently extended the €250,000 investment threshold deadline to February 29, 2025, for select regions. This extension provides investors more time to finalize their applications before the threshold increases to €500,000 in high-demand areas like Athens, Thessaloniki, and Mykonos.
How Greece Compares to Other Golden Visa Programs
While Greece remains a favorite for its affordability, other European programs offer unique advantages:
•Portugal: Real estate investments start at €280,000, focusing on interior regions.
•Spain: Requires a higher threshold of €500,000, making it suitable for premium investors.
•Latvia: Offers residency through a business investment of just €89,500.
Greece’s €250,000 threshold gives it a competitive edge, especially for those seeking a balance between affordability and lifestyle benefits.
How Greece Compares to Other Golden Visa Programs
While Greece remains a favorite for its affordability, other European programs offer unique advantages:
•Portugal: Real estate investments start at €280,000, focusing on interior regions.
•Spain: Requires a higher threshold of €500,000, making it suitable for premium investors.
•Latvia: Offers residency through a business investment of just €89,500.
Greece’s €250,000 threshold gives it a competitive edge, especially for those seeking a balance between affordability and lifestyle benefits.
Key Benefits of Greece Golden Visa
1.Low Investment Requirement: One of the lowest thresholds in Europe.
2.Fast Processing: Residency is typically granted within two months of application.
3.Family Inclusion: Spouses and children are eligible for residency under the same application.
4.Schengen Access: Visa-free travel across 27 European countries.
The 12% increase in Greece Golden Visa applications in October highlights the program’s enduring appeal. With the investment threshold deadline approaching, now is the ideal time for global investors to take advantage of this opportunity. Greece offers a unique combination of lifestyle, mobility, and investment potential.
For more information or personalized guidance, contact Yusuf Boz and his team at Notte Global to start your Golden Visa journey today.
