All About Greece's Golden Visa Scheme, Popular Among Wealthy Indians
NDTV
The Greece Golden Visa programme is a premier residency-by-investment initiative designed to attract non-EU nationals to invest in Greece.
Indian investors snapped up Greek properties at a record pace in July and August to secure permanent residency before the country's Golden Visa Programme underwent significant changes on September 1. Property purchases by Indian investors in Greece saw a remarkable 37 per cent increase between July and August, data show. The surge was led by buyers seeking to capitalise on the existing minimum investment requirements.
Now the changes in the Golden Visa Programme have doubled the minimum investment required to qualify for a visa through real estate purchases. In Tier I cities, including Athens, Thessaloniki, Mykonos, and Santorini, the threshold has increased €800,000 800,000 (approximately Rs 7 crore).
In Tier II regions, covering all other parts of Greece, the minimum investment has risen to €400,000 from €250,000.
