Greece to Increase ‘Golden Visa’ Amount to $862,000

Greek Prime Minister Kyriakos Mitsotakis said he would increase the threshold of foreign real estate investment from $269,491 to $862,372 for residency rights in certain pockets of the country to ease the housing crisis.

Greece has announced new measures to protect locals from a deluge of mainly Chinese nationals purchasing homes and property in exchange for residency rights in the West — what is commonly known as a “Golden Visa” scheme.