Chinese investors appear to be dominating Greece’s Golden Visa Program, a residence-by-investment scheme launched in 2013 enabling non-EU nationals and their family members to secure permanent residence permits in Greece based on the amount of cash they invest in Greece.
The Ministry of Migration and Asylum released data indicating that Chinese nationals have the lion’s share with 54.7% of applications submitted during the 12 months from August 2023 to August 2024.
Interestingly, Turkish nationals occupy the second spot, with 8%, while a significant uptick from Brits and Americans has been recorded over the 12-month period.
American investors are in seventh place on the relevant list, while investors from Israel now hold 271 permits, with the latter apparently seeking security through the Golden Visa program due to the ongoing conflict in the broader Middle East region.
Real estate market experts in Greece believe that significant delays in the approval process for existing permit applications have limited the numbers.
They add, however, that despite these delays, the number of applications is expected to rise considerably in the coming months.
Greece updated the requirements for applications on August 31st, raising the minimum threshold from 250, 000 euros to 800,000 euros in some regions.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Draft Budget Reveals Early 8bln€ Loan Payment in Dec.
In 2025, Greece's general government debt is forecast to fall to 149.1% of GDP, with its nominal value at 361.4 billion euros
BoG Gov. Stournaras on Challenges of Greek Economy
Yannis Stournaras addressed the “Risk Management & Compliance Conference" as a keynote speaker on Monday
IPTO CEO Article: ‘Greece an Energy Powerhouse and Infrastructure Hub’
"The rich potential in renewable energy sources (RES) and Greece's geographic location constitute two key pillars upon which our country has the opportunity to build a robust and outward-looking strategy"
Olive Oil: First Contract of the Year at €10.20 per Kilo
As noted, the price that the first batch was sold for, reflects the exceptional quality of this year’s olive oil from this specific area
Greek Government Submits 2025 Budget Draft Monday amid ΜΕ Crisis
The economy is expected to close this year with growth at around 2.2%, while for 2025, the target is slightly higher at 2.3% as outline in the medium-term fiscal plan.
4.4R Quakes in Thiva, on Crete Monday Morning
The tremor from the quake in Thiva was also felt in the greater Athens area.
PASOK Sets the Stage for a Comeback; Over 300K Members Vote in Round 1 of Leadership Elections
Recent polls firmly place Greece’s Social Democratic party in main opposition second place
Greek Draft Budget Tabled on Oct. 7, Amid Concerns Over Mid. East War
A major issue of concern is how the Israel-Iran conflict will play out with pundits projecting a surge in oil prices
Migration: New approach on returns to be called for by the “27” at the Summit
According to Eurostat data, in the second quarter of 2024, 96 115 third-country nationals were ordered to leave an EU country and 25 285 people returned to third countries after being ordered to do so.
PM Mitsotakis Hosts US Senators for Work Breakfast in Crete
The Greek PM was accompanied by Defense Minister, Nikos Dendias, while the US Ambassador to Athens, George Tsunis was also present
![Δημόσιο Χρέος: Η πρόωρη αποπληρωμή δανείων και το σχέδιο «εξόδων» στις αγορές το 2025 [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/10/xreos-600x361.jpg)
