Greek Golden Visa Approvals Fell Nearly 90% in 2020, Portugal’s By 5%
Laboring under a pandemic, Greek bureaucrats might have been excused were it not for the starkly contrasting performance of Portuguese peers.
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The Portuguese Golden Visa Market Has Bounced Back – The Greek One Has Not
While approvals for Portugal’s golden visa are already back on track for a statistically normal year, those of Greece have halted.
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Property Owners Fret Over Inability to Visit New Homes in Greece and Get Their Golden Visas
Many bought qualifying homes in 2019 and were awaiting approvals. Now, they’re out EUR 250,000 and unable to enter Greece.
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Greece to Target Foreign Pensioners With 7% Flat Tax to Bolster Economic Recovery
The Ministry of Finance has tabled a law that would offer a flat tax of 7% for foreign retirees who transfer their tax residence to Greece.
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Pandemic Pummels Greek Golden Visa in Q2, But Policy Changes Offer Promise of Comeback in Q3
New procedural measures will make remote-application feasible and boost application volumes, but they did not take effect in time to save Q2.
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10 on the Weekend – Alexander Risvas: Greek Golden Visa is a “National Effort”
Alexander Risvas, perhaps thanks to his penchant for the works of self-help gurus like Tony Robbins and Napoleon Hill, is optimistic in spite of COVID.
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Pandemic Has Robbed Greek and Portuguese Golden Visas of Nearly EUR 300 Million So Far
Greece and Portugal’s golden visa programs have missed out on 800 applications and investment equivalent to a small country’s GDP due to the pandemic.
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Weak Q3 Expected for Greek Golden Visa, But Flurry of Reforms May Bring a Roaring Q4
The government is heeding the advice of practitioners and speeding up golden visa processing. Their zeal, unfortunately, isn’t matched by local authorities.
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Greek Amendments to Reduce Golden Visa Investment Risk, Demand Physical Presence for FIP-Visas
In practice, the changes enable investors to pay for the property from abroad, rather than by first opening a Greek bank account, without excess risk.
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Greece to “Jump-Start” Golden Visa Program, Allow Investors to Apply by Proxy
“To accelerate the course of growth in the coming months, we will seek to lift the bureaucratic obstacles that currently exist in the property market.”
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Shock-Figures Show Greek Golden Visa Hardest Hit by COVID-19
Q1 figures show Greece – where China has been the source of four-fifths of applicants over the last year – have been disproportionately slammed.
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10 On The Weekend – Alexander Varnavas: “Real Estate is The King in This Industry”
Alexander Varnavas has worked with golden visas since before it was cool and is surprised that industry leaders think startup visas are the next big thing.
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Greek Immigration Offices Close Over Covid-19 – Others Will Follow
Sneer not at the Italians, for there, but for the grace of about two weeks, go the rest of us.
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After Waiting Two Years for Greek Golden Visas, 35 Investors Prepare Class Action Suit
The 35 Chinese applicants demand an immediate granting of their visas, compensation, and the bringing to justice of the responsible bureaucrats.
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Inefficient Bureaucrats Costing Greece Billions in Lost Golden Visa Revenue Say Practitioners
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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Chinese Investors’ Association Says Chinese Will Spend €1 Billion on Greek Golden Visas in 2020
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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Greek Golden Visa Has Raised Some €2 Billion From Almost 19k Participants
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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Chinese Agents Frustrated by Greek Golden Visa Developers’ Payment Issues
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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Golden Visa Demand, VAT-Breaks See Athens-Region New Development Area Equivalent to Gibraltar
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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Greek Golden Visa to Surpass 2,000 Main Applicants in 2019, 40% Ahead of Closest EU Competitor
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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