Greek Golden Visa Raising €200m+ a Month: Backlog Has Tripled in One Year
While application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
Read moreWhile application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
Read moreHarvard-educated economist PM Mitsotakis’s securing a clear majority in parliament saw the value of Greek assets rise instantly.
Read moreGreece’s backlog now numbers nearly 16,000 (about 5,000 main applicants), which, when converted to golden visas, will net billions for Greece.
Read moreBuoyed by fewer competitors and an impending price hike, the program’s application volume has ballooned. So has its backlog of pending cases.
Read more“This extension relieves the stress of investors,” commented Alexander Varnavas of Athens-based Varnavas Law on the news.
Read moreGreek Golden Visa authorities are struggling to keep up with mushrooming demand. Applications in the backlog now number at least 3,700.
Read moreGreece offers investors, retirees, and business owners the opportunity to pay a sharply reduced tax rate for up to 15 years.
Read moreWhen Greece last year announced golden visa investment requirements would increase, prospective investors worried. They needn’t have.
Read moreWhen Greek Prime Minister Mitsotakis announced the price increase for golden visa real estate in September, investors reacted immediately.
Read moreOnly one in ten Greek municipalities are subject to the new EUR 500,000 golden visa property investment minimum, write Georgaki & Partners.
Read moreUkraine, whiplashing post-pandemic demand, Portugal’s golden visa crisis, and a host of price changes made for a highly eventful year.
Read moreMunicipalities in Greater Athens, Thessaloniki, as well as on two of the islands, will cost more next year. The transition starts in May.
Read moreThe Greek golden visa is becoming more expensive and Portugal’s may be on its way out. That combination is driving a surge in Greek GV applications.
Read moreInvestors will have until next year, at least, to file under the current EUR 250k threshold, and changes will only apply in parts of the country.
Read moreA Greek golden visa costs $50,000 less than a year ago. Combined with access to the EU and more upside potential, the program has never been more competitive relative to the Caribbean CIPs.
Read moreThe measure, said Prime Minister Mitsotakis in his speech, would “increase the affordability of real estate for Greeks.”
Read moreGet the Greek golden visa in a matter of weeks without any transaction-related costs by investing in a term deposit, writes the Golden Visa Greece team.
Read moreChoose properties on the open market, switch easily between investments if you later change your mind, and pay the same prices as locals.
Read moreForeign investors, retirees, and – in some cases – freelancers and employees can pay a single-digit rate of tax under Greece’s new regimes.
Read moreThe facts and figures speak for themselves: Greece offers the best deal in the world for residence by investment.
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