A few days ago, the Greek Ministry of Immigration and Asylum published an update on the status of applications and approvals for the Golden Visa.
01
Golden Visa
Overview of data for the first seven months of the year
The data shows that the Greek Golden Visa program is hot, with a total of 4,734 applications received in the first seven months of 2024, a monthly average of about 676 applications, which is almost the same as last year's monthly average of 707 applications.
And in July, the Greek Immigration Service received 666 cases of initial Golden Visa applications submitted by principal applicants.
This data shows that despite the fact that since August 1, 2023, the Greek Golden Visa program has adjusted the investment threshold for popular regions, raising it from 250,000 euros to 500,000 euros (on September 1, 2024, the price for some regions has risen to 800,000 euros), this change has not dampened investor enthusiasm.
02
Chinese investors
Still the main force
Chinese investors are undoubtedly the most visible presence in the distribution of nationalities of Golden Visa holders.
As of July 2024, the total number of Chinese Golden Visa holders reached 9,130 (main applicants), which fully demonstrates the recognition and trust of Chinese investors in the Greek Golden Visa program and investment environment.
They are followed by Turks (1,246), Lebanese (807), Russians (684), Iranians (624) and Egyptians (529).
03
Attica
The preferred location for investment
In terms of regional distribution of applications, the Attica region, where the Greek capital is located, is undoubtedly the preferred location for investment.
As the capital of Greece, Athens, Attica is a region with a favorable geographical location, a well-developed economy, rich educational resources and a thriving tourism industry.
The region not only boasts world heritage sites and excellent tourism facilities, but also offers convenient living services and a wealth of leisure and entertainment options, thus attracting a large number of investors looking for a high quality of life and return on investment.
04
Golden Visa Program
Latest Thresholds and Advantages
Although the Greek Golden Visa Program has adjusted its application thresholds as of September 1st, the previous figures have already demonstrated its strong attractiveness and unique advantages.
According to the latest policy:
? The real estate investment threshold has been raised to 800,000 euros for the Attica Region, the Thessaloniki region in Central Macedonia, Santorini, Mykonos, and popular islands with a resident population of more than 3,100 people.
? For all areas outside of these designated popular regions, the investment threshold is set at 400,000 euros.
? For government-recognized protected buildings or buildings converted from former commercial use into residential properties, the investment threshold is relatively low at 250,000 euros.
However, compared to other European countries, Greece Golden Visa investment threshold is lower, especially non-popular areas and specific projects.
At the same time, the advantages of the Greek golden visa are particularly significant:
★ Fast approval: rapid approval, investors can quickly obtain a residence permit.
★ Whole family immigration: the main applicant, his spouse and minor children can be granted the right of abode.
★ Educational Advantage: Free public education and many choices of international schools.
★ High quality of life: Mediterranean climate, rich history and beautiful scenery, suitable for high-quality living.
★ Healthcare: Free public healthcare, extensive private insurance coverage and low cost.
★ Schengen Convenience: As a Schengen country, golden visa holders can freely travel to many European countries.
★ Investment potential: stable real estate market, residence and investment double return.
Therefore, if you are interested in applying for Greece Golden Visa, welcome to contact Nebula Sea International, we will provide you with customized exclusive program.
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