As Greece’s property market continues to grow, 2024 presents a golden opportunity for investors. With favourable economic conditions, rising demand for real estate, and the benefits of the Greek Golden Visa program, Greece is attracting global attention. This program offers not only a path to residency but also access to the entire Schengen zone and a thriving property market. Whether you’re an experienced investor or considering your first international property purchase, now is the perfect time to explore the opportunities Greece has to offer.
The Greek property market is booming, with a projected GDP growth of 2.2% in 2024 and expectations of a drastic decrease in unemployment. These positive economic indicators reflect the resilience and strength of Greece’s real estate market. Investors from around the world are increasingly looking to Greece, drawn by its mix of affordable investment options, potential for capital appreciation, and the security that the Golden Visa program provides.
For those seeking a stable investment in uncertain times, Greece offers political stability, an accessible healthcare system, and a high quality of life. This combination of factors makes the country an attractive destination for investors looking to diversify their portfolios while gaining the added benefit of residency.
As of September 2024, Greece has introduced new thresholds for Golden Visa eligibility. Investment migration expert Yiannos Trisokkas explains that “due to strong demand, even the previous €500,000 threshold did not deter investors. In response, the government has implemented further increases in minimum investment requirements, dividing the country into two Zones. These changes are prompting investors to act quickly to secure their position under the updated terms.”
The new thresholds are as follows:
2. ONE PROPERTY of 120 square metres in one of the two threshold zones:
2. ONE PROPERTY of minimum value of €250.000 that is:
New Investment Route:
Invest €250,000 in a Greek startup company.
Investing in Greek real estate, particularly through the Golden Visa program, offers a wide range of benefits for international investors, including:
The current conditions in Greece present a unique opportunity for investors to secure their Golden Visa under the new thresholds. With the real estate market continuing to grow and new routes for investment such as startup companies, 2024 is the perfect time to make an investment in Greece.
In addition to the financial returns, Greece offers a lifestyle that’s hard to match. From its Mediterranean climate to its rich cultural heritage and vibrant urban life, Greece provides not only investment potential but also an excellent quality of life.
Whether you’re looking for a second home, a rental property, or a long-term investment, Greece’s property market has something to offer. For more information on securing your Golden Visa and navigating the latest changes, contact Velment’s property experts at info@velment.com. Our team is ready to guide you through the process and ensure you make the most of your investment in Greece.
