Key Points
In a bid to address the mounting pressure on the housing market, Greek Prime Minister Kyriakos Mitsotakis announced on Friday that the government is contemplating an increase in the minimum investment required for foreign property buyers to be eligible for a Golden Visa..
"We are discussing a further increase in the threshold for investment, which will cover all areas where there is significant pressure on rents," Mitsotakis told to lawmakers in Athens...
In these locations, investors are currently required to spend a minimum of 500,000 to access the coveted 'Golden Visa' program, while the threshold in the rest of the country remains at 250,000...
Since its inception in 2013, the Golden Visa program has garnered substantial interest, with Greece receiving over 25,100 applications and granting 17,184 permits to buyers seeking to reside in the country..
The surge in foreign interest, coupled with Greece's resurging economy and the Golden Visa program's attractive price points, has fueled a substantial increase in residential property prices in Athens..
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