The Investment Migration Knowledge Platform
Greek residence by investment practitioners say program revenue could be more than double its current level if only the country’s Decentralized Authorities weren’t so inefficient.
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The Association of Chinese Investors in Greece says their countrymen will spend €800 million to €1 billion on Greek golden visas in 2020. Is that realistic?
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Having already beaten all European records in 2018, there was little left for Greece to outperform in 2019 but its own achievements, which it did by 34%.
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Paying returns to old investors with funds from new ones: In finance, that’s called a Ponzi scheme. In Golden Visa real estate, it’s par for the course.
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The Greek property market has taken a drastic turn for the better during 2019, spurred on by a VAT holiday and soaring demand for golden visas.
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Greece’s residence by investment program is raising €23 million a week. Already Europe’s most popular program by far, its application volumes keep growing.
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After two years on the drawing board, the Greek government yesterday approved a variety of new investment options for its golden visa program.
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Greek Prime Minister Mitsotakis means business: Invest half a million; pay 100,000 in tax. Invest 1.5 million; pay 50,000. Invest 3 million; pay 25,000.
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In a decision diametrically opposed to that of the previous government, Greek authorities move to allow the use of POS-terminals for golden visa investments.
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Immigration offices in the capital region are turning away applications due to a lack of capacity. Fortunately, regional offices are picking up the slack.
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The Greek golden visa program is raising capital to the tune of EUR 15-20 million a week, most of it attributable to Chinese investors.
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Unconfirmed reports indicate Greece will double its minimum investment requirement, introduce compulsory stays, and mandate minimum spending.
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Greek property just got a whole lot cheaper. The new government has declared it will not collect VAT on real estate investments for the next three years.
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Greece has put plans for the EUR 400,000 share, bond, and deposit options on ice as it braces for a snap election on July 7th.
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Rules requiring golden visa investors submit files in the municipality where they bought the property had seen Athens appointments fully booked until 2021.
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On an annualized basis, this equates to an 8% drop in main applicants, but a 35% increase in total visas, indicating prodigious family size growth.
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Mahmoudi maintains that Portugal has the world’s best golden visa. In response, Rozakis lists the reasons why that is not the case.
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Despite growing Chinese Chinese demand, approvals are down by a quarter on an annualized basis, and Iraqi and Iranian investors
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Christian NesheimEditor No more POS sales, no more re-selling property to multiple golden visa participants. The Greek government is
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Enterprise Greece has released figures indicating that, by the end of September this year, the country had issued residence permits
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