Why Investing in Greece Now Is Imperative: Insights from Patricia Casaburi
As the CEO of Global Citizen Solutions, I’ve witnessed firsthand the transformative power of strategic investments in countries like Greece. Today, I want to address recent changes in Greece’s Golden Visa program and why acting swiftly to seize this opportunity is paramount for investors.
Greece, renowned for its rich history, stunning landscapes, and vibrant culture, has long been a magnet for investors seeking both residency and financial growth. However, recent adjustments in the Golden Visa program signal a shift that demands attention from all investors.
The Greek government’s decision to raise the minimum investment threshold to €500,000 in certain regions underscores the need for proactive investment strategies. While some areas have maintained the €250,000 benchmark, strategic investors must recognize the urgency in capitalizing on this opportunity before further adjustments occur.
Government officials explained that the Golden Visa program will be modified to encourage more significant investments. However, a lower investment threshold will be maintained for specific properties to direct investments towards those in dire need. Despite not including prime locations in Attica, foreign investors continue to express interest in other valuable areas.
According to news reports, the Ministry of Immigration Policy explains that a significant increase in permits were issued to British and Israeli investors last year. British investment saw a 77.8 percent increase to 370 applications, while Israeli investment increased by 77.6 percent to make up 183 applications.
Why Greece?
Living in Greece offers a myriad of benefits, from unparalleled quality of life to a burgeoning real estate market ripe for investment. The recent surge in property transactions in regions like Piraeus, Rhodes, Halkidiki, and Crete underscores the continued allure of Greece for international investors.
Despite the increase in investment requirements in select areas, opportunities abound in other regions. Athens, with its central districts and surrounding suburbs, as well as various Cyclades islands, remains prime locations for savvy investors. The government’s commitment to directing investments towards areas in need ensures that opportunities for growth and development remain abundant.
In a rapidly evolving global landscape, seizing opportunities requires agility and foresight. Greece’s Golden Visa program presents a unique chance for investors to diversify their portfolios and secure a foothold in one of Europe’s most promising markets.
