Golden Visa’s huge take-up

Third-country property investors aspiring to obtain a Golden Visa made purchases in Greece worth at least 1.57 billion euros between March 2022 and March 2023.

According to the latest official data from the Department of Immigration Policy, during the last 12 months a total of 6,064 requests for new permits have been submitted. Of these requests, 2,072 residence permits have already been issued and another 3,976 are pending.

Considering that the minimum investment threshold is €250,000, the total funds that have flowed into the country amount to €1.57 billion. However, in practice it is estimated that this number is even higher, perhaps around €2 billion, as there are quite a few who have chosen to acquire more expensive properties or even more than one.

During this year's first quarter a total of 1,052 new licenses were issued, an increase of 141% compared to...