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Changes to Greece’s ”Golden Visa” Program Starting September 1st!

Changes to Greece’s ”Golden Visa” Program Starting September 1st!

The real estate market is anticipating significant changes with the introduction of new rules in the “Golden Visa” program. The government has made amendments to the “Golden Visa” program, which was launched in 2014 and provided a five-year residence permit to non-EU citizens on the condition that they purchase real estate worth at least 250,000 […]

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Economic Contribution of Thessaloniki and Halkidiki to Greece’s Tourism Industry: New Records and Trends

Economic Contribution of Thessaloniki and Halkidiki to Greece’s Tourism Industry: New Records and Trends

Greece’s tourism industry remains a key driver of its economy, with the regions of Thessaloniki and Halkidiki playing a vital role in maintaining this momentum. In 2023, their economic contribution was significant, highlighting the growing importance of these regions to the entire country. Let’s take a closer look at how these regions are contributing to […]

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High Demand for Vacation Homes in Halkidiki and Apartments in the Suburbs of Thessaloniki

High Demand for Vacation Homes in Halkidiki and Apartments in the Suburbs of Thessaloniki

Recently, there has been a significant increase in interest in purchasing real estate in popular regions of Greece. Amid this trend, the suburbs of Thessaloniki have emerged as top choices for Greek buyers, while foreign buyers prefer the picturesque Halkidiki. In this article, we will take a closer look at the real estate market, focusing […]

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Greece: Tourism Leader of 2024! – Leisure Lifestyle Awards

Greece: Tourism Leader of 2024! – Leisure Lifestyle Awards

At the Leisure Lifestyle Awards 2024 ceremony, Greece once again affirmed its status as a leading tourist destination, receiving top honors in several categories. For the third consecutive year, the country was named the winner in the “Best Historical Attractions, International” category, highlighting Greece’s unique cultural heritage that attracts tourists from around the world. The […]

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Almost 10,000 Applications: Surge in Interest for Greek Golden Visas

Almost 10,000 Applications: Surge in Interest for Greek Golden Visas

Greece is currently reviewing 9,478 applications for the so-called “golden visas,” which provide investment-based residence permits. According to the Ministry of Migration, 6,200 of these were submitted during 2023! Interest in the program intensified after the announcement of upcoming increases in the minimum investment requirements, prompting investors to accelerate their application process. As a result, […]

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Shortened transition period for investors in the Golden Visa program

Shortened transition period for investors in the Golden Visa program

The Greek Parliament has approved amendments to the popular “Golden Visa” program, including an increase in the entry threshold and a shortened grace period until August 30, 2024, for those wishing to participate under the old conditions. The initial transition period was until the end of September. The Greek Parliament has adopted a number of […]

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Golden Visa in Greece: Regions Where the Threshold Increases to €800,000-Breaking news!

Golden Visa in Greece: Regions Where the Threshold Increases to €800,000-Breaking news!

The conditions for obtaining the “Golden Visa” for investors in Greece have been modified. Details below. Conditions For the acquisition of a five-year residence permit by citizens of third countries (Golden Visa), starting from March 31, 2024, the following conditions will apply: In the Attica region, Thessaloniki, Mykonos, Santorini, and islands with a population of […]

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Acceleration of Apartment Price Growth in Greece in 2023!

Acceleration of Apartment Price Growth in Greece in 2023!

Introduction In recent years, the Greek real estate market has shown notable growth, attracting attention from both local and foreign investors. According to a recent report by the Bank of Greece, 2023 marked a particularly pronounced acceleration in apartment price growth, confirming a steady trend towards market strengthening and development. This article will analyze the […]

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The investment threshold for the Golden Visa in Greece will change!

The investment threshold for the Golden Visa in Greece will change!

Greece is set to amend the regulations of its renowned “Golden Visa” program, raising the investment threshold to attract more significant capital inflows. The announcement was made by the Minister of Economy and Finance, Kostis Hatzidakis, highlighting the country’s ambition to enhance its appeal to foreign investors. The program, which offers non-EU citizens a five-year […]

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Apartments in new buildings in Thessaloniki are sold during the construction phase!

Apartments in new buildings in Thessaloniki are sold during the construction phase!

The constant demand for housing and simultaneously, the limited, outdated housing stock led to an increase in construction activity in Thessaloniki. According to the latest data from ELSTAT (ΕΛΣΤΑΤ), the number of constructions permits in Central Macedonia for the first ten months of 2023 increased by 8.8%, reaching a total of 3,663 issued permits. Many […]

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Greece announces innovations in real estate: new initiatives and prospects!

Greece announces innovations in real estate: new initiatives and prospects!

At a government conference dedicated to real estate issues, Kostis Hatzidakis, the Minister of Finance of the parliamentary republic, presented ambitious state initiatives aimed at significant changes in this key sector of the greek economy. According to the minister’s statements, the Greek government has launched a series of initiatives focused on addressing three challenges: the […]

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Country houses: Where is the local area where foreigners buy houses in Greece?

Country houses: Where is the local area where foreigners buy houses in Greece?

Very interesting seems the increasing trend both in terms of demand and in terms of the market for holiday homes in Greece, according to recent data obtained from the Spitogatos platform. More specifically, according to data from the Spitogatos.gr platform, demand from abroad has increased by 15% this year, while asking prices for sale have […]

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Trustate Management at UNITED PROPERTY EXPO 2023 in Astana

Trustate Management at UNITED PROPERTY EXPO 2023 in Astana

Trustate Management, a leading player in the Greek real estate market, is proud to announce its participation in the UNITED PROPERTY EXPO 2023. This event, scheduled for November 17 and 18 at the Radisson Hotel in Astana, Kazakhstan, will bring together top developers, real estate agencies, and design firms from 15 countries worldwide. Our booth, […]

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7 Reasons to Invest in the Greek Golden Visa Program in 2023-2024

7 Reasons to Invest in the Greek Golden Visa Program in 2023-2024

The Greek Golden Visa program, which offers the opportunity to obtain residency in Greece through specific investments, is becoming an increasingly attractive choice for many investors. In this article, we will explore seven key reasons why investing in the Greek Golden Visa in 2023-2024 can be a profitable and reasonable step. Accessibility of Investments: One […]

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Resale Property prices in Greece are appreciating faster: 2023 Trends.

Resale Property prices in Greece are appreciating faster: 2023 Trends.

The Central Bank of Greece has recently released an overview of the real estate market’s performance in the country for the second quarter of 2023, highlighting an extremely interesting trend. Apartment prices are experiencing an even more rapid surge compared to the previous years 2021-2022, with the primary focus of buyers centered on offerings in […]

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The “Golden Visa” program brought Greece almost 1 billion euros (from January to May 2023)!

The “Golden Visa” program brought Greece almost 1 billion euros (from January to May 2023)!

In the first 5 months of 2023, Greece earned nearly a billion euros through the “Golden Visa” program. Against the backdrop of announced changes in the rules for obtaining Greek residence permits for investments at the beginning of the year, there was a colossal surge in the number of applications for property purchases in the […]

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