Farro & Co

Greece Residence by Investment

One Investment, multiple yields. Strategically invest in a country's economy or real estate market and secure residency rights, which comes with an array of lifestyle and financial benefits.

Greece

Athens
+29°C
Mostly Cloudy
CAPITAL
  • Greece Golden Visa Programrequires an investment of EUR 250,000 in real estate and EUR 500,000 in specific municipalities including Athens, Mykonos and Santorini
TIMELINE
  • 6-8 months
Dependents
  • Spouse, children (under 21 years), and parents of the main applicant and spouse
PHYSICAL PRESENCE
  • No minimum physical presence required
MINIMUM TIME TO QUALIFY FOR CITIZENSHIP
  • 7 years of legal residence in Greece

Greece’s warm Mediterranean climate, desirable lifestyle, and cosmopolitan cities, coupled with the country’s strong industries, have led many wealthy individuals and families to make this country their second home. According to data from the Bank of Greece, 1.975 billion euros flowed into the local realty market from abroad in 2022. That was 68% higher than in 2021, when the corresponding amount had not exceeded €1.17 billion. At the same time, the performance of 2022 surpassed by 37% the previous record set in 2019. Real Estate prices and the cost of living are amongst the lowest in the EU. Tourism in Greece has been rising steadily and the Airbnb industry has been growing alongside providing investors an opportunity to turn a property purchase into potential rental income.

CAPITAL

Greece Golden Visa Programrequires an investment of EUR 250,000 in real estate and EUR 500,000 in specific municipalities including Athens, Mykonos and Santorini

TIMELINE

6-8 months

DEPENDENTS

Spouse, children (under 21 years), and parents of the main applicant and spouse

PHYSICAL PRESENCE

No minimum physical presence required

MINIMUM TIME TO QUALIFY FOR CITIZENSHIP

No minimum physical presence required

Athens
+29°C
Mostly Cloudy

Greece’s warm Mediterranean climate, desirable lifestyle, and cosmopolitan cities, coupled with the country’s strong industries, have led many wealthy individuals and families to make this country their second home. According to data from the Bank of Greece, 1.975 billion euros flowed into the local realty market from abroad in 2022. That was 68% higher than in 2021, when the corresponding amount had not exceeded €1.17 billion. At the same time, the performance of 2022 surpassed by 37% the previous record set in 2019. Real Estate prices and the cost of living are amongst the lowest in the EU. Tourism in Greece has been rising steadily and the Airbnb industry has been growing alongside providing investors an opportunity to turn a property purchase into potential rental income.

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