According to Eurostat, 989,000 people acquired citizenship in the EU in 2022, a 20% increase from 2021. Moroccans received the most EU citizenships, followed by Syrians and Albanians. Italy, Spain, and Germany issued the most passports to foreigners. Portugal saw a decrease in citizenship applications in 2022. New citizenship law in Portugal simplifies the process for Golden Visa...
Important Update for Investors: The Greek government is introducing changes to the Golden Visa program, specifically for options not related to real estate investments. These changes will take effect on March 31, 2024. Key Changes: Increased Minimum Investment Threshold: The minimum investment amount for the following options will increase from €400,000 to €500,000: Purchase of shares...
Winter Holidays in Greece Winter holidays in Greece are an excellent way to enjoy not only the natural beauty but also the historical richness. The mountainous regions in the north of the country offer a great option for winter sports in there. Winter holidays in Greece also offer a pleasant experience in historic cities such as Athens. These cities retain their lively atmosphere even in winter and offer...
The Bank of Greece has released its latest report on property prices in Greece, revealing a strong upward trend in both nominal and real terms. The report provides detailed insights into the annual and quarterly price growth across different regions of the country. Key Findings: Overall growth: Property prices in Greece saw a significant increase in 2023 compared to 2022, with a rise of 13.4%...
According to data analyzed by Greek scientists, this winter was the warmest in Greece's history, putting crops at risk and raising fears of another summer of devastating wildfires, Reuters reported. From December to February, the average peak temperature was 11.3 degrees Celsius (52.3 Fahrenheit), which is 1.8 degrees Celsius (3.24 degrees Fahrenheit) above the average maximum winter temperatures from...
Greece has consistently ranked among the top countries for investment migration programs, offering a pathway to residency and citizenship through various investment options. Recently, Henley & Partners published its 2023 Global Residence and Citizenship Programs Index, where Greece secured 2nd place in the Investment Residency Programs category with an impressive score of 73 points. This puts Greece...
The Greece Golden Visa Program offers a fast and secure path to permanent residency for investors and their families who invest in real estate in Greece. The program is designed to attract foreign investment and stimulate the Greek economy. Key features of the Greece Golden Visa Program: Minimum investment of €250,000: The program requires an investment of at least €250,000 in residential or...
ATOR (Association of Tour Operators of Russia) recently published an article claiming that it will no longer be possible to enter Europe with a non-biometric passport in the second half of 2024. This is due to the launch of the automated Entry/Exit System (EES), which only works with chip-embedded passports. What is the EES? The EES is a system for tracking the movements of travelers from countries...
Greece plans to raise the investment threshold for "golden visas" from the current 250,000 euros to 800,000 euros in high-demand cities and islands. The announcement was made by the country's Prime Minister, Kyriakos Mitsotakis. Greece's "golden visa" program offers a five-year renewable residency permit to individuals who invest a set amount of money in the country. It also allows for travel within...
Foreigners are increasingly buying real estate in Greece, with demand rising by 5% in 2024 compared to the previous year. According to Greek media outlet Spitogatos, the most popular areas for foreign buyers are Halkidiki, the Cyclades, Athens, and the suburbs of Thessaloniki. Investors are typically buying private homes, apartments, and land. The largest number of transactions were made by citizens of...