Golden Visa: The changes coming to the Greek real estate market
The Greek real estate market is in a period of significant changes, as the "Golden Visa" program continuously attracts new investors from abroad. This program allows citizens of third countries to obtain a residence permit in Greece, provided they purchase property of a specific value.
In recent years, a new trend has been observed among buyers. While interest was previously focused mainly on properties for tourist exploitation, today foreign investors are increasingly looking for homes for permanent residence or long-term utilization. This change is affecting property prices, especially in large cities such as Athens and Thessaloniki.
The Greek government is planning new interventions in the program, aiming for balance in the market. These changes are expected to set stricter limits on investments, in order to protect the access of Greek citizens to affordable housing, as demand from abroad has led to an increase in rents and sale prices.
Experts are closely monitoring these developments, as the "Golden Visa" is one of the key pillars of foreign investment in the country. The challenge for the coming period is to maintain Greece's attractiveness for investors, without, however, burdening the daily lives of permanent residents.
In conclusion, the "Golden Visa" program continues to play a decisive role in the economy. The upcoming regulations will determine the future of the real estate market, attempting to combine growth with social prosperity.