Greece Golden Visa Top 10 Nationalities
Greece’s Ministry of Immigration and Asylum has recently released its official report on the latest immigration data on the country, with numbers regarding August 2024. Among the statistics, the top 10 nationalities that were granted Golden Visa authorization in Greece have caught the attention of experts. The key change is not on the nations forming the list, but on how the ranking has changed from August 2023 to the same month in 2024.
While China still remains absolute on the top of the chart, accounting for almost 55% of all issued permits, the UK has risen from 7th to 5th position in just one year, with an increase of 51% of new concessions granted while the US went from 8th to 7th place, with 47% more permits than in the 2023. However, the biggest boost in percentage goes to Israel, with and in increase of 70% of new Golden Visa permits approved when compared to last year. Overall, Golden Visa concessions have seen a rise of 11% and the great mix between the top 10 nationalities receiving the permit, with countries from 4 different continents, shows that the program has really conquered the world’s attention.
Although the figures do not give a clear explanation of why we see some nationalities having such a steep increase in interest, it is not too difficult to gather some valid – and grounded - hypotheses. While UK nationals are probably still trying to minimize the effects of Brexit, they probably had an extra push after the British government announced the end of its popular Non-Don tax regime. As for the US, the political uncertainty the country is facing, a common collateral from current presidential campaigns, could be the main driver. However, the affordable healthcare system and great lifestyle that Greece offers, turn this destination into a great relocation option for Americans. For Israel, there is a strong indication that the ongoing conflict in the region is taking its toll on many High-Net-Worth Israeli Individuals who might be seeking more stability and peace of mind by moving to Greece, a country offering amazing quality of life not that far from their home country.
Whether these explanations are correct or not, one thing is certain: Greece’s Golden Visa program is high on demand.
Properties on the Attica Region to Maitaing Appreciation
Although the Greece Golden Visa offers various investment options, the real estate one is definitely the most popular route towards the Greek residency permit. In fact, that has been seen as one of the reasons for the rise on property prices in sought-after regions like Attica, which was the main driver behind the government's decision to raise the minimum threshold for property investment from €250,000 to €500,000, in August 2023, and to €800,000 in September 2024.
However, even though there have been no Golden Visa related purchases in the Attica region since the first increase, the housing stock has diminished considerably, leading the prices up, giving an indication that the Golden Visa Program is not at the core of the housing issues some European countries have seen in the past few years.
For those who have already invested in Greece, appreciation is already a reality, as even the most affordable areas are also seeing their properties’ inventory on a constant decrease, bringing more value to what is currently still available. As this seems to be a trend that is not going to vail anytime soon, the Greek real estate market remains an attractive option for investors, with the plus of allowing them to obtain residency in one of the most desirable countries in the world.
Get the Best Greece Golden Visa Advice and Start Your Relocation Plans
The positive statistics that were brought to the public’s attention after the release of the report on the Greek immigration landscape added to some other recent related news, shows that the Greece Golden Visa is on the rise.
On the one hand, data indicates that investors have an elevated interest the country’s opportunities and Mediterranean lifestyle. On the other, the government has demonstrated its clear understanding that the Golden Visa is a reliable source of revenue for Greece, something that can be seen not only in the increased number of permits issued, but also in the recent announcement of a new €250,000 investment option to be soon available, regarding the startup ecosystem.
No matter what route you might take or where you are starting it from, Investment Visa is by your side throughout the whole Golden Visa journey. We are ready to give you the best advice, based on your needs and preferences, and to make your investment in Greece have the best possible outcome. Reach out to one of our Greece Golden Visa Experts and start your future now.
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