Funds worth between € 800 million and € 1 billion as estimated by the Association of Chinese Investors in Greece are going to be invested in real estate this year in the context of the opportunities offered by the Golden Visa program.
The German financial magazine Handelsblatt focuses on the rising interest of foreign investors in the Greek real estate market, stressing that this increased appeal had resulted in domestic tenants suffering as they are being pushed out by landowners who want to ride the wave of the market boom to raise their profit.
Greece has become one of the most lucrative markets for Chinese property investors, as the extremely low prices of land, coupled with one of Europe’s most generous “golden visa” schemes, which provides a renewable five-year residence permit in exchange for a 250,000 euro investment in real estate are not easy to pass up.