Interest in Greece's Golden Visa Program has increased significantly among Americans, with a 50.4% rise in searches since the recent US elections. This surge follows Spain's announcement to end its Golden Visa, prompting many to consider Greece as an alternative European investment destination. Current investors could see substantial benefits as property values are expected to rise.
Tag: Real Estate Investment
Wyndham Hotels & Resorts has signed an agreement with DKG Development to develop the first Wyndham hotel in Piraeus. Nestled on the seafront next to Tourism Marina Zeas, Wyndham Residences Piraeus Marina Zeas will feature 72 luxurious serviced apartments, most boasting unobstructed sea views. The property will also include a restaurant, gym, spa, and a multipurpose event hall, all meticulously designed by renowned architect Jean-Pierre Heim. This unique project, valued at over €25 million, is set to welcome its first guests in December 2025, marking a significant collaboration between DKG Development and Wyndham's hospitality excellence.
Cyprus shines as the last beacon of affordable EU residency, offering permanent residency for a minimum property investment of €300,000. With its stunning beaches, vibrant culture, and attractive tax regime, Cyprus is attracting discerning investors and travelers seeking a slice of Mediterranean paradise. Leptos Estates, a leading Cypriot developer, stands ready to guide you on your journey to owning property and securing your future in this idyllic island nation.
Nick Politis, chairman of the Sydney Roosters, has acquired two Porsche dealerships in Melbourne for nearly $50 million. The properties, located in Brighton and Doncaster, were purchased from PM Group, with Penske Australia securing new 12-year leases. This deal follows Politis' $245 million sale of Victorian car dealerships last year.
The real estate market in Greece is undergoing significant changes with the implementation of new Golden Visa rules, raising investment thresholds and affecting foreign investors outside the European Union. Specific regions now require a minimum investment of €800,000, with exceptions for certain cases.
Real estate remains a leading sector for foreign direct investment in Greece. In the first…