Third country buyers are playing a leading role in increasing foreign investment in Greek real estate

The Golden Visa program in Greece is the main incentive that has led to a major increase in real estate investment in recent years. Most of the investments made by third-country citizens are related to obtaining a residence permit in this country. In 2022, 4,363 applications for a residence permit were submitted. The total inflow of funds from non-EU citizens amounted to €1.26 billion.

This trend continues this year. In the first four months of the year, 3,064 new applications were submitted. The total investment amount for them is at least 766 million euros. This is 155% more than in the same period last year, when 1,200 applications were submitted.

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