Indian Investors Rush To Secure Greek Properties Before Golden Visa Changes

 

Introduction

What New Investment Rules Mean for Indian Buyers

Greece's real estate market has seen a remarkable boost, particularly from Indian investors, following major changes to its Golden Visa programme. Launched in 2013, the programme allows non-EU citizens to obtain residency in Greece through real estate investments. Initially, the minimum required investment was EUR 250,000, one of the lowest in Europe, which attracted a significant amount of foreign capital and boosted property prices.


However, rising demand in Tier 1 cities like Athens, Thessaloniki, Mykonos, and Santorini led to substantial price increases, creating a housing affordability issue for local residents. To address this, the Greek government raised the minimum investment threshold to EUR 800,000 for properties in these high-demand areas, effective from September 2024. For properties in less sought-after Tier 2 regions, the threshold was raised to EUR 400,000........Read More

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