Recent data indicates a significant uptick in property acquisitions by Indian investors via Greece’s Golden Visa Program. Key details include:
- Notable Increase: Between July and August 2024, there was a 37% rise in property purchases by Indian nationals under this program.
- Program Modifications: Changes implemented on September 1, 2024, have altered investment thresholds:
- In popular regions such as Mykonos and Santorini, the minimum investment requirement has escalated from €500,000 to €800,000.
- Other areas have seen an increase from €250,000 to €400,000.
- Investor Behavior: Indian investors are increasingly:
- Investing in under-construction projects with expected completion timelines of 6-12 months.
- Seeking opportunities ahead of the implementation of new investment thresholds.
- Market Impact: The surge in demand has led to:
- Rapid depletion of available residential properties, as reported by developers like Leptos Estates.
- Economic Objectives: The Greek government aims to:
- Promote equitable development.
- Mitigate swift property price hikes.
- Redirect investment towards less frequented areas.
- Program Success: Greece’s Golden Visa Program continues to be a preferred choice among Indian investors, contributing significantly to the country’s real estate sector and overall economic growth.
Stay ahead with the latest updates! For personalized advice and more information, shoot us an email at visa@gogpl.in or explore our website at www.greenoutdoors.in.
