What's Greece Golden Visa Scheme

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Greece's Golden Visa scheme provides a route to permanent residency for non-EU nationals through various investment options

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The real estate option, offering good rental yields, remains one of the most popular choices

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Launched in 2013, its initial Rs 2.2 crore threshold was one of Europe's lowest, drawing significant investment and boosting Greece's real estate market

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The surge in demand pushed up property prices, particularly in high-demand areas like Athens, Thessaloniki, Mykonos and Santorini

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To address this, the Greek government raised the investment threshold to Rs 7 crore for properties in these regions, effective September 1 2024

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Greece has witnessed a remarkable 37 per cent surge in property purchases by Indian investors between July and August

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Effective September 2024, the revised programme seeks to temper rapid price increases, promote equitable development and direct investment towards less saturated areas

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