Greece’s Golden Visa program continues to attract strong interest from non-EU investors, despite recent adjustments to its terms. In recent months, market reports highlight a noticeable increase in property purchases by foreign nationals seeking residency.
From January to July 2025, Greece issued 17,254 Golden Visas to foreign citizens—marking a 31.4% rise since the beginning of the year. The strongest demand came from investors in Turkey, China, and Israel.
Record Growth in Visa Issuance
According to new data from the international property consultancy Astons, 932 Golden Visas were issued in July alone, representing the highest monthly growth in the past year—a 5.7% increase compared with June. This upward trend has been consistent since October 2024, setting new records for sustained demand.
Turkish nationals recorded the sharpest increase in approvals, soaring by 80% between January and July 2025. They were followed by Israelis (+42.1%), Chinese (+27.8%), Americans (+27.3%), and Britons (+25%).
Wealthy Investors and Broader Benefits
Astons advisor Suzanna Uzakova emphasized that many Golden Visa applicants are affluent individuals whose investments strengthen both the property market and local business activity. But beyond attracting high-net-worth individuals, Greece’s program stands out as one of the most accessible in Europe, requiring a minimum property investment of 250,000 euros.
Coupled with a favorable tax framework, the scheme positions Greece as an appealing destination for those looking to establish a life or business presence in the heart of the EU.
Tax Incentives Driving Relocation
The program is also drawing interest from retirees abroad. Foreign pensioners relocating to Greece benefit from a flat 7% tax rate on overseas pensions for up to 15 years.
High-net-worth individuals enjoy another incentive: a flat annual tax of 100,000 euros on all foreign-sourced income, with the option to include family members at an additional 20,000 euros each. These advantages are further fueling demand for relocation and investment.
Source: tovima.com
