New changes to the "Golden Visa" program to address the housing crisis
The Greek government is moving forward with significant changes to the "Golden Visa" program, aiming to address the serious problem of housing shortages in the country. The new regulations are intended to limit the negative impacts on the real estate market and facilitate citizens' access to affordable housing.
Under the new framework, a new category of investment is being introduced. Foreign investors will now have the option to purchase a portfolio of properties instead of just a single property, as was the case until now. However, this specific option comes with strict conditions to ensure social benefit.
The primary condition for investors is that the properties acquired must be made available for long-term rental. In this way, the government seeks to increase the number of available homes for permanent residents of Greece, while simultaneously reducing the pressure exerted on rental prices.
These changes are part of a broader effort to control the real estate market. Authorities hope that the new rules will attract investments that will not burden the daily lives of citizens, but will instead help balance supply and demand in the market.
Further details regarding the implementation of the new measures are expected to be announced in the coming period. Experts are closely monitoring developments, as the success of this program is considered crucial for normalizing the situation in the country's housing sector.