Greece launched its golden visa scheme in 2013, since then some €2.2 billion euros entered Greece through property investment in the past five years. This also means Greece is receiving about €440 million euros  real estate investment pouring into Greece every year. Property investors in Greece receive permanent residence permits under golden visa scheme. It is also possible to buy multiple properties so that the total value of all properties exceed €250K euros

 

In the beginning, when the program started in 2013, only 21 people applied for Greek golden visa and in 2018 it exceeded 3000 investors. According to Bank of Greece, Greece received €3.2 billion euros as Foreign direct investment (FDI)

 

According to  enterprise greece, over 9000 residence permits have been issued to property investors excluding dependents.  Assuming 250,000 euros per investor, this brings a total of €2.26 billion euros from 2013 to 2018.

 

Golden visas contribute 0.35% of Greek GDP every year. In 2017 the Total GDP of Greece was $200 billion.

 

YEAR Golden visa permits
2013 21
2014 444
2015 949
2016 1532
2017 2493
2018 3620
Total permits 9059
Investment €2,264,750,000

Top cities for golden visa investment

Some €285 million euros invested in Athens properties by golden visa investors followed by Piraeus and Pallini.

City Golden visas
Athens 1143
Piraeus 968
Pallini 644
Polygyros 198
Chania 139
Thessaloniki 120
Ermoupolis 64
Corfu 60

Family members

These foreign property investors brought a total of 22,730 family members at an average of 2.5 family members per property owner.

Family Residence permits
2013 42
2014 888
2015 2144
2016 3695
2017 6205
2018 9756
Total 22730

Golden Visas in Total

In total, the combined residence permits issued under golden visas including all family and investors bring a total of 31,739 golden visas

 

Who are those investing?

This brings us to our final question, who are the foreigners investing in property. Chinese, Russians and Turkish nationals are the leading property investors in Greece.

Country Permits
China 1945
Russia 423
Turkey 384
Lebanon 119
Egypt 119
Ukraine 81
Iran 79
Iraq 76
Jordan 65
Syria 55
Other countries 274

Golden visas

  • Investors
  • Family

Top Cities

  • Property investors

Top Countries

  • Property investors

Golden Visa Investment

  • Millions