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Carte Blanche for Investors: Golden Visas in Southern Europe
In 2008, a financial crisis began in Europe. The problems in the economy affected the state of local real estate markets: the volume of investments decreased, real estate prices fell by 20–40%. In order to stimulate capital inflows from abroad, some countries in southern Europe have launched “golden visa” programs: Greece, Spain, Cyprus, and Portugal have started to issue residence permits to foreign investors in exchange for investments in their country’s economy. Malta, where such a program has been operating since 1988, has made conditions for investors more flexible. Continue reading
Spare airfield in Greece: the top 5 holders of the Greek “golden visa”
The Greek program for obtaining a residence permit in exchange for investment is one of the most profitable in Europe. To acquire resident status, it is enough to buy one or more real estate objects in Greece for a sum of 250 thousand euros or buy a hotel or tourist furnished apartments as part of a timeshare contract. In addition to the main applicant, a spouse, their parents and children under 21 receive a residence permit. Continue reading