Covid-19 Impact on tourism economy Greece Sees High Investment Interest Through Golden Visa Program by GTP editing team 31 January 2022 written by GTP editing team 31 January 2022 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 20 Photo source: @Athens Attica Greece’s golden visa program, which grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros, is attracting more buyers due to political and economic instability in their countries, Greek newspaper Kathimerini reports. Residents of Turkey, Lebanon, India, Iran and Russia are looking to buy property in Greece and benefit from access rights to the EU. Indicatively, according to Greece’s migration and asylum ministry, a total of 576 permits were granted to Russian buyers in 2021 up by 79 percent year on year, 304 permits to Lebanese investors up by 71 percent, and 605 to buyers from Turkey, up by 15.5 percent. In 2021, Greek authorities issued 478 new permits to Chinese investors marking an 8 percent increase over 2020. Thanks to its strategic position and proximity to the Mediterranean and Europe, Greece is winning over investors at a time when currencies in their countries are losing ground. According to experts cited by Kathimerini, buyers from India are also looking to buy in Greece, seeking easy access to EU and Schengen countries provided by the investor visa scheme. The new markets are expected to mitigate losses incurred by the Covid-19 pandemic which put a stop to purchases by the Chinese who were among the top property buyers in 2019 and are now unable to travel due to coronavirus restrictions. Join the 15,000+ travel executives who read our newsletter Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Greek Cities Join EU Mission for Climate-neutrality by 2030 next post Covid-19: Greece Updates Rules for Entrance to Public Services, Churches, Restaurants You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ