The Greece Golden Visa program has become a major driver of foreign investment, with significant increases in applications, particularly from China, Turkey, Lebanon, the UK, and the US. In 2024, a 2.3% rise in applications was recorded, totaling 7,052 in the first ten months, with Chinese nationals leading the charge. Popular property locations for investors include central Athens and the southern suburbs. The program has contributed to Greece's booming real estate market, but it also raises concerns about affordability for locals, as property prices have surged by 69% in recent years, intensifying the housing crisis.
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