Since its launch, Greece’s Golden Visa program has attracted thousands of investors looking for EU residency through real estate investment.
It remains one of the most affordable and accessible programs, yet demand has surged, making the process more competitive.
Here’s a breakdown of how many visas were issued annually in recent years:
- 2015: 1,018 visas
- 2016: 1,550 visas
- 2017: 2,305 visas
- 2018: 3,154 visas
- 2019: 3,504 visas
- 2020: 938 visas (pandemic impact)
- 2021: 2,776 visas
- 2022: 4,264 visas
- 2023: 5,444 visas
The numbers show steady growth, especially after the pandemic slowdown. The biggest boost came in 2023, when many investors rushed to apply before the minimum investment threshold increased in key areas like Athens and Thessaloniki.
Despite the program’s success, there are key factors investors must consider:
- Processing delays – Due to high demand, applications can take 6 to 12 months or longer.
- Rule changes – The investment threshold recently increased in popular locations. Investors should act quickly before further changes happen.
- Hidden costs – Beyond the property price, there are taxes, legal fees, and maintenance costs to consider.
- Unreliable agents – Choosing the wrong advisor can result in documentation errors, delays, or even visa rejection.
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