Greek Golden Visa Raising €200m+ a Month: Backlog Has Tripled in One Year
August 23, 2023
While application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
Greece Golden Visa Real Estate
Properties that make the buyer eligible for residency in Greece through the golden visa program
Europe’s most popular residence-by-investment program for three of the last four years, the Greek Golden Visa offers visa-free travel throughout the Schengen area, as well as settlement rights in Greece itself.
While applicants may choose from a wide array of asset classes, the great preponderance prefer to qualify by investing at least EUR 250,000 in real estate on the open Greek market.
Unlike other programs, the Greek golden visa doesn’t stipulate different prices for specific areas or property types; any type of property, new or old, in Athens or in a smaller municipality is in principle eligible as long as the value exceeds the minimum investment requirement.
See the
to learn more about:
– Investment requirements
– Investment options
– Processing time
– Physical presence requirements
– Program statistics
– Path to citizenship
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Recent stories about Greece
Value of Greek Assets Rise Following Pro-Business Election Victory: Good News for Golden Visa Investors
July 17, 2023
Harvard-educated economist PM Mitsotakis’s securing a clear majority in parliament saw the value of Greek assets rise instantly.
Greek Golden Visa Has Backlog Worth €1.5 Billion as Applications Surge Ahead of Price-Hike
July 4, 2023
Greece’s backlog now numbers nearly 16,000 (about 5,000 main applicants), which, when converted to golden visas, will net billions for Greece.
Greek Golden Visa: Q1 2023 Application Volume Up 259% Y-o-Y, Backlog Doubled in 6 Months
May 2, 2023
Buoyed by fewer competitors and an impending price hike, the program’s application volume has ballooned. So has its backlog of pending cases.
Greece Extends Golden Visa Transition Period by Another 3 Months to July 31st
April 1, 2023
“This extension relieves the stress of investors,” commented Alexander Varnavas of Athens-based Varnavas Law on the news.
Record Application Volume Sees Greek Golden Visa Authorities Struggling to Keep Up With Demand
March 30, 2023
Greek Golden Visa authorities are struggling to keep up with mushrooming demand. Applications in the backlog now number at least 3,700.
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