(Web Desk) Many countries around the world have introduced schemes like the Golden Visa to attract foreign investors, under which people who invest a certain amount get access to residence permits and other facilities. .
Similarly, the European country Greece has also introduced a 5-year resident permit scheme called Golden Visa for those who invest a few million euros.
Holders of this Greek Golden Visa can move freely throughout the European Union, the residence permit also applies to family members (first degree relatives) of the purchaser and such relatives also get a 5-year visa. is
Before September 1, the law was that a golden visa to Greece could be obtained after investing 2.5 million euros or buying a house of that value.
However, now a citizen of any country outside the European Union, who wants to get a golden visa to Greece, has to invest 800,000 euros in major Greek cities or islands, but only 400,000 euros in many other areas. The investment condition has been set.
According to the Greek Ministry of Finance, purchased properties can be rented out but cannot be rented out as ‘holiday homes’ on platforms such as Airbnb.
The move is said to be aimed at addressing housing shortages in the real estate market as well as combating inflation, thereby adding more money to the country’s exchequer.
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According to the country’s Ministry of Finance, in the year 2023, two and a half billion euros were generated from the issuance of golden visas in Greece.
Last year, a total of 8,516 applications were submitted by foreign investors to purchase houses in Greece, and 1,802 of these investors were granted permission to purchase properties.
According to Greek media, the prices of apartments and houses have increased significantly in recent years due to the purchase of real estate by foreign investors.
However, ‘listed houses’ will still be cheaper. In other words, a special type of visa still exists for 2.5 million euros, intended to pave the way for investors who will buy ‘monument houses’ and renovate them according to legal requirements. .
2024-09-15 14:33:14