Indian investors snapped up Greek properties at a record pace in July and August to secure permanent residency before the country's Golden Visa Programme underwent significant changes on September 1.

Indian investors have increased their property purchases in Greece during July and August, driven by the country's Golden Visa Program.

Indian investors are flocking to Greece’s Golden Visa Programme in a race to secure residency permits before new regulations raise the investment threshold. Between July and August 2024, property purchases by Indian buyers surged by 37%,

Greece has witnessed a notable 37 percent increase in property purchases by Indian investors between July and August, spurred by a rush to secure permanent residency under the country’s Golden Visa Programme before significant regulatory changes took effect on September 1, 2024, according to NDTV.

Greece has witnessed a remarkable 37 per cent surge in property purchases by Indian investors between July and August.

The Portugal Golden Visa offers a straightforward path to EU residency and, eventually, citizenship. However, recent changes to the program have eliminated the real estate and real estate-linked investment fund options. Instead, the focus has shifted to investment funds targeting key Portuguese industries.

Buying property abroad, especially in Europe can often be a daunting task. However, Greece stands out as a more accessible option, particularly thanks to its Golden Visa scheme, which simplifies the process for Indian investors.