\u00a0<\/span><\/p>\nThis is significantly lower than the \u20ac2 million required for citizenship in Cyprus or \u00a32 million for permanent residence in the UK.<\/p>\n
Further, real estate investment is an eligible asset class to qualify for PR under the program.\u00a0<\/span><\/p>\n
\nGreece Golden Visa: Investment Requirements<\/h3>\n\n- Purchase real estate property in Greece with a minimum value of \u20ac250,000.<\/li>\n
- Sign a 10-year lease with minimum \u20ac250,000 for hotel or other tourist residence.<\/li>\n
- Have purchased a property before 2013 currently worth \u20ac250,000 or more.<\/li>\n
- Own Greece real estate of minimum value \u20ac250,000 acquired through donation or parental concession.<\/li>\n
- Purchase land with intent to build, provided value of land and construction contract is minimum \u20ac250,000.<\/li>\n<\/ol>\n
\nThis is a big plus since investment immigrants prefer purchase or lease of property over all other investment options.\u00a0<\/span><\/p>\nThe program also offers permanent residence to the applicant\u2019s immediate family.\u00a0<\/span><\/p>\nThis makes it an attractive option for those wishing to educate their children in a European nation without the hassle of applying as a non-EU national.\u00a0<\/span><\/p>\nSince those gaining PR through this program can eventually apply for citizenship, the Greek program is a good option for far-sighted investors seeking a better future for their children.\u00a0<\/span><\/p>\n
\nBenefits of Greece Golden Visa<\/h3>\n\n- Greek residency for property purchase of just \u20ac250,000.<\/li>\n
- Live and work in Greece when maintaining residence in another country.<\/li>\n
- Study in Greece.<\/li>\n
- Visa-free access to the Schengen area of EU countries<\/li>\n
- Family members are included.<\/li>\n
- Visa can be renewed every five years.<\/li>\n<\/ul>\n
\nOther benefits include the prospect of living in a beautiful country with temperate climate, a relaxed lifestyle, and an inexpensive \u2013 at least by European standards \u2013 property market.\u00a0<\/span><\/p>\nThe latter is particularly important because the Greek real estate market is yet to recover from the after effects of the 2008 global recession.\u00a0<\/span><\/p>\nThis means Greece is, independent of the golden visa, a very attractive investment proposition for foreign investors. \u00a0<\/span><\/p>\nPopular Among Chinese Applicants<\/h3>\n
Wealthy Chinese nationals contribute to bulk of the global demand for investment immigration programs and this is equally true for the Greek program.<\/p>\n
In 2017, Chinese nationals pumped a staggering \u20ac258 million into the Greek real estate sector with the bulk of investments coming through the golden visa program.\u00a0<\/span><\/p>\nWhat makes this figure even more impressive was that 2017 was a relatively lean year as compared to 2016.\u00a0<\/span><\/p>\nChinese investment inquiries in the Greek real estate sector jumped by 100 per cent in the first quarter of 2018 as compared to the first three months of 2017. Data for the second quarter is expected to show a 300 per cent surge in inquiries.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Greece is set to capitalize on surging demand by issuing 15,000 golden visas in 2018. The surge in numbers compares to the 20,000 visas issued in the entire history of the Greek program. Almost half of the 2018 target \u2013 around 7,000 golden visas \u2013 are likely to be issued to wealthy applicants from mainland…<\/p>\n","protected":false},"author":2,"featured_media":54657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[4024,4020,4022,4018],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2018\/11\/Greece_159840665.jpeg","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-edy","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/54656"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=54656"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/54656\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media\/54657"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=54656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=54656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=54656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}