Greece has rapidly become one of the most attractive destinations for individuals and families looking for a Plan B—a secure and strategic alternative for residency, investment, and long-term mobility. Over the last few years, the country’s Golden Visa programme has gained immense popularity, particularly among investors from India, Turkey, China, the U.S., and the UK. With rising political and economic uncertainties across various regions, more people are turning to Greece as a stable and accessible European gateway.
But what is driving this surge in demand? And why is Greece, specifically, becoming the go-to option for those seeking security, mobility, and financial advantages?
A Surge in Applications: The Numbers Speak
In 2024 alone, Greece saw a 10% increase in applications for the Golden Visa programme, reaching 9,289 submissions, compared to 8,477 applications in 2023, according to To Vima. The overwhelming interest has also created a backlog in approvals, with only 1,617 residence permits issued so far this year.
Chinese investors continue to dominate the Golden Visa applications, accounting for 62% of all approved permits in 2024. Meanwhile, applications from India, Turkey, and the U.S. have steadily increased, reflecting a broader trend of individuals and families seeking European residency for both lifestyle and business mobility.
Why Are So Many Choosing Greece?
1. A Safe Backup Plan in an Uncertain World
For many, Greece represents a safe and stable environment in contrast to political or economic instability in their home countries.
- Indian investors are looking for easier access to the European market, business expansion opportunities, and long-term mobility for their families.
- Turkish nationals are increasingly drawn to Greece due to its proximity, as well as concerns over political and economic stability at home.
- Chinese investors see Greece as an affordable entry point into the EU, with a real estate market that offers good investment potential.
- Americans and Britons view Greece as a lifestyle upgrade, offering a high standard of living at a lower cost compared to major cities in their home countries.
The Golden Visa programme’s flexibility—which does not require physical residency—makes it particularly attractive to those who want a European base without the need for relocation.
2. A Residency Programme That Stands Out
Greece’s Golden Visa is one of the most affordable residency-by-investment programmes in Europe. Although the government has raised the minimum investment threshold to €800,000 in high-demand areas like Athens, Mykonos, and Santorini, it remains more cost-effective than similar options in Portugal or Spain.
For those investing in lower-demand areas, the threshold is still €400,000, while special exemptions exist for those investing in the restoration of historic buildings or converting commercial properties into residential spaces. This has encouraged more long-term, value-driven investments rather than just quick real estate purchases.
Another major advantage is that the Greek residency permit has no minimum stay requirement, unlike other European programmes that require applicants to spend a certain number of days per year in the country. This is particularly appealing to Indian, Turkish, and Chinese investors, many of whom prefer to maintain their primary residence elsewhere while enjoying the benefits of EU mobility.
3. Strong Real Estate Investment Potential
Despite rising property prices, Greece’s real estate market remains one of the most attractive in Europe, with investors seeing solid returns on their investments.
- Athens continues to be the most popular choice, with property prices growing steadily due to foreign demand and urban development projects.
- The Greek islands, including Mykonos, Santorini, and Crete, remain hotspots for luxury real estate and tourism-driven rental income.
- Emerging investment areas outside of Athens, such as Thessaloniki, offer lower entry costs with high appreciation potential.
For U.S. and UK investors, the weak euro against the dollar and pound has made property purchases in Greece particularly advantageous. This allows them to acquire high-value real estate at a much lower cost compared to London or New York, while also securing a European residency permit.
4. The Lifestyle Advantage
While the financial and mobility benefits of the Golden Visa are clear, many investors are drawn to Greece’s lifestyle appeal.
- The country offers a Mediterranean climate, breathtaking coastlines, and a slower pace of life that is attractive to those looking for a healthier work-life balance.
- Indians find comfort in Greece’s cultural familiarity, with strong historical ties between the two nations.
- Turkish citizens appreciate the similar Mediterranean lifestyle, food, and climate.
- Americans and Britons are drawn to the lower cost of living compared to their home countries, with Greece offering excellent healthcare, education, and infrastructure.
Whether for business, retirement, or simply a backup residency, Greece offers a high quality of life at a fraction of the cost of other major European cities.
Why Now?
The demand for Greece’s Golden Visa is at an all-time high, with processing delays indicating that interest is only growing. With changes to other residency-by-investment programmes across Europe, Greece remains one of the most accessible pathways to EU residency.
As 2024 statistics show, the programme’s appeal is not limited to one region—China, India, Turkey, the U.S., and the UK are all seeing increasing numbers of applicants, solidifying Greece’s position as a top choice for global investors.
For those looking for an EU residency option that balances affordability, investment potential, and lifestyle benefits, Greece is proving to be one of the smartest choices on the market today.
