The Greek golden visa program has seen a surge in applications in recent months, as investors rush to meet the August 1st deadline for a doubling of the minimum real estate investment requirements.
As of May 1st, there were 15,847 pending golden visa applications, worth an estimated €1.5 billion. The majority of these applications are from China 35%, followed by Turkey 11%, Lebanon 4%, Russia 19%, and Egypt 7%.
It is unclear how the price hike will affect the Greek golden visa program. Some analysts believe that it will deter investors, while others believe that it will simply lead to a shift in the nationalities of applicants.
Only time will tell what the long-term impact of the price hike will be. However, it is clear that the Greek golden visa program is still a popular option for investors looking to obtain European residency.
