Greece extends its Golden Visa program to February 2025, boosting economy but raising housing concerns.
Greece extends its Golden Visa program until February 2025, benefiting 3,000 property cases and saving €750 million. The program, attracting 7,052 applications, mostly from Chinese investors, has driven a €3 billion real estate surge. However, it has led to a 69% increase in property prices since 2017, making housing less accessible for locals and raising concerns about the "touristification" of urban areas. Greece is balancing economic growth with the need for housing reforms to address these issues.
3 months ago
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