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Greece lifts price of popular Golden Visa to fight housing crisis
The Peninsula
Athens: Greece on Sunday tightened its Golden Visa rules raising the required investment to as much as 800,000 euros in a bid to help ease a housing c...
Athens: Greece on Sunday tightened its Golden Visa rules raising the required investment to as much as 800,000 euros in a bid to help ease a housing crisis.
The successful programme that has attracted thousands of Chinese launched in 2014 granting foreigners a renewable, five-year residence permit in return for a 250,000-euro property investment.
The finance ministry announced that from Sunday, the threshold would climb to 800,000 euros in attractive regions, such as Attica, around Athens, Thessaloniki, Mykonos, Santorini and the islands with a population of over 3,100.
In other areas, it would start at 400,000 euros.
"These measures are part of the government's overall housing policy, which aims, in cooperation with the private sector, to ensure affordable and quality housing for all citizens," Finance Minister Kostis Hatzidakis said.