According to the latest data, the Greek Golden Visa program has had a significant impact on the real estate market, accounting for 10.77% of the total volume of sales and purchases between 2023 and 2024.
This surge in activity, driven by investors seeking residency, has resulted in record numbers of applications. Over two years, 17,766 applications were submitted, representing a minimum investment of €4.44 billion in real estate. The total value of real estate transactions during this period was €41.2 billion, highlighting the significant contribution of the Golden Visa program.
However, recent changes to the program, in particular the increase in the minimum investment amount, are expected to slow down this growth rate. Nevertheless, Greece remains an attractive destination for investors, especially after similar programs in other countries, such as Spain, were discontinued. Analysts say Greece's Golden Visa program continues to generate interest, particularly among American expats, indicating its long-term potential.
This surge in activity, driven by investors seeking residency, has resulted in record numbers of applications. Over two years, 17,766 applications were submitted, representing a minimum investment of €4.44 billion in real estate. The total value of real estate transactions during this period was €41.2 billion, highlighting the significant contribution of the Golden Visa program.
However, recent changes to the program, in particular the increase in the minimum investment amount, are expected to slow down this growth rate. Nevertheless, Greece remains an attractive destination for investors, especially after similar programs in other countries, such as Spain, were discontinued. Analysts say Greece's Golden Visa program continues to generate interest, particularly among American expats, indicating its long-term potential.
