Chinese Nationals Remain Highly Attracted to Greece’s Golden Visa Program Despite Recent Changes

Chinese Nationals Remain Highly Attracted to Greece’s Golden Visa Program Despite Recent Changes

Key Points

1. High Interest in Greece’s Golden Visa Program Among Chinese Nationals  
   Chinese nationals continue to show strong interest in Greece's Golden Visa Program despite recent policy changes.

2. Attraction Remains Despite Increased Investment Thresholds  
   Chinese investors remain drawn to the program, even with a raised minimum investment requirement in certain areas, which now reaches €800,000.

3. Shift Toward Larger, Institutional Investments  
   Market analysts note a shift in investor profiles, with more interest from larger companies and investors with substantial resources, rather than individual small investors.

Chinese nationals' enthusiasm for Greece’s Golden Visa Program remains robust, even with new amendments. Prime Minister Kyriakos Mitsotakis announced earlier this year that the minimum investment for the real estate option would rise, a change aimed at addressing Greece’s housing shortage. However, market executives suggest this may attract a new type of investor with greater financial means.

Stavros Monemvasiotis, president of the Greek-Chinese Business Development Committee at the Athens Chamber of Commerce, explained that Chinese investors are shifting from smaller-scale purchases, like apartments in Athens, to larger investments across Greece. Holiday homes, tourism properties, and student housing remain especially popular among Chinese buyers, with cities like Attica, Patra, Ioannina, and Thessaloniki now emerging as focal points for investment.

Monemvasiotis also noted that while smaller individual investors typically gathered €250,000 from family and friends, the new profile includes companies exploring significant investments—such as a current €15 million real estate project in Ioannina. 

Revised Investment Requirements for the Golden Visa Program

Greece’s Golden Visa Program, popular among Chinese investors, grants residency to foreign nationals who meet certain financial investment criteria, with real estate investment being one of the most popular options. In response to the housing market's challenges, Greece has recently raised the minimum investment required in select areas, with thresholds in high-demand locations now reaching €800,000.

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