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Golden Visa

Chinese Investors Delivering Athens Real Estate Boom

The recent real estate boom in Athens, precipitated by the thousands of Chinese citizens visiting Athens seeking out a bargain on property, was the focus of an extensive report published recently by Reuters. As reported by the wire service,...

Greece to Expand Its 'Golden Visa' Scheme

The expansion of the "golden visa" foreign investors incentive program is among the priorities of the Economy and Development Ministry of Greece. At a press briefing on the Ministry’s plan over the next two months, Stergios Pitsiorlas, Greece’s alternate Minister...

Record Number of Foreign Investors Use 'Golden Visa' Scheme in Greece

Record numbers of non-EU investors are granted the "Golden Visa" scheme that entitles them to a Greek residence permit in return for major investments, new data show. Chinese top the list with 1,395 permits, followed by Russians at 429, and...

Chinese Purchased €258 Mln of Greek Residential Real Estate in 2017

Mainland Chinese purchased at least €258 million (U.S. $300 million) of Greek residential real estate in 2017, according to a report by Juwai, a Chinese international real estate company. The company estimates that in 2018 investment could be even higher...

Greece Looks to Expand 'Golden Visa' Scheme for Investors

More so-called 'golden visas' for major non-EU investors in Greece could be on the way. An amendment in parliament submitted by Greece's Migration Policy Ministry would broaden the definition of people entitled to a Greek residence permit in return for...

Rich Turks Buy EU Resident Rights by Purchasing Property in Greece

Many prosperous Turkish citizens acquire free movement in Europe, by purchasing real estate property in Greece; an act that gives them full EU resident rights, according to Deutsche Welle. The "golden visa" that the Greek government offers to foreigners who...

Chinese Investors Look for Bargains in Foreclosure Auctions in Greece

Chinese investors are embracing online foreclosure auctions in Greece, while demand for buying real estate property in Greece has gone up 158.5%, according to Juwai.com. Juwai.com is a platform connecting international agents real estate agents and Chinese buyers. According to its...

Chinese Investor Buys 100 Apartments in Athens's Exarchia

A Chinese investor has bought 100 apartments in the Exarchia area, a Kathimerini newspaper report says. According to the report, the Chinese man made use of them through short-term rental platforms and then sold them as an investment portfolio to...

Chinese, Russians and Turks Rush to Buy Property in Greece

Chinese, Russian and Turkish citizens are ranked in the top three in terms of the number of recipients of a five-year residence permit from Greece through property acquisition. Since 2014, Greece has offered so-called “golden visas” granting five-year residency -...

Chinese Investors to be Presented with ‘Golden Visa’ Opportunity for Greek Investment Products

The "golden visa” program is one in which non-European Union citizens can obtain a visa by a minimum investment in a property of 250,000 euros. As recently as March, the Economy and Development Ministry started discussing different categories of investment...