GBR Consulting reported that the Golden Visa program for real estate purchases in Greece has been a success since one billion euros has been invested in the Greek real estate market through it, according to Enterprise Greece.
A total of 1,725 “golden visas”, that is five-year residence permits for investment activity in the country were issued to foreign real estate investors in the period 2013 – June 2017, higher than 1,550 visas in 2016, 968 in 2015, 455 in 2014 and 20 in 2013.
During the 2013 – April 2017 period, a total of 1,684 visas had been granted to foreign investors with Chinese real estate investors representing 42% of the total sum (722 visas).
Russia ranled second with 359 visas and a market share of 21% while Turkey came third with a share of 6% with 95 visas and a total of 4,193 visas were given during over the same period for the family members of investors.
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