Indian investors snapped up Greek properties at a record pace in July and August to secure permanent residency before the country's Golden Visa Programme underwent significant changes on September 1.

Indian investors have increased their property purchases in Greece during July and August, driven by the country's Golden Visa Program.

Greece has witnessed a notable 37 percent increase in property purchases by Indian investors between July and August, spurred by a rush to secure permanent residency under the country’s Golden Visa Programme before significant regulatory changes took effect on September 1,

Greece has witnessed a remarkable 37 per cent surge in property purchases by Indian investors between July and August.

The investment threshold for Greece’s Golden Visa program has been raised significantly. Initially, the program required a minimum property investment of €250,000, one of the lowest thresholds in Europe,

Greece's Golden Visa program, which started in 2013 and initially required a €250,000 investment for residency, is set to increase its threshold to €800,000 starting in September 2024. This change aims to address rising property prices in high-demand areas like Athens and Mykonos,

Buying property abroad, especially in Europe can often be a daunting task. However, Greece stands out as a more accessible option, particularly thanks to its Golden Visa scheme, which simplifies the process for Indian investors.