Greece’s Coveted Golden Visa, Doubled To €500,000, Finally Takes Effect

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Greece’s Coveted Golden Visa, Doubled To €500,000, Finally Takes Effect
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Starting this month, the cost of a Greek golden visa has doubled from €250,000 (among the lowest in Europe) to €500,000 in the most popular areas of the country.

The total value of properties sold during that period reached €975 million, three times higher than the €361 million in the previous year.The Greek decision didn’t make the European Union happy as it has been intensifying the pressure on member countries to scrap all

The E.U.’s effort to crack down on this combined multi-billion euro industry has gained favor especially before the security risk represented by the war in Ukraine.has also called for the end of golden visa programs that “have turned European Union citizenship and residency rights into a luxury good: with enough money, anyone can buy in. This is a particularly attractive prospect for criminals and the corrupt – and numerous scandals have proven they are taking advantage. These E.U.

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