Greece’s Golden Visa program appears to be entering a phase of de-escalation, as
Greece’s Golden Visa program appears to be entering a phase of de-escalation, as recent data points to a noticeable drop in the number of residence permit applications submitted by foreign investors.
According to figures released by the Ministry of Migration and Asylum, a total of 441 new applications were filed in June 2025, marking a 26.5% decline compared to the same month in 2024, when 600 applications were recorded.
This shift follows steady growth since September 2022, when Prime Minister Mitsotakis hinted at raising the minimum investment threshold, prompting a surge in real estate purchases by foreign investors anticipating policy changes.
Since then, the program has seen a steady influx of interest, largely driven by successive amendments by the government aimed at curbing foreign acquisitions of residential properties. Ironically, these measures had the opposite effect in the short term, creating artificial demand as investors rushed to finalize deals before new rules took effect.
Now, June’s figures offer the first tangible indication that the market may be cooling, with expectations of a continued decline in application numbers in the months ahead.
Who Are the Investors?
Chinese nationals continue to lead Greece’s Golden Visa program with 7,795 permits, underscoring the country’s appeal as a gateway
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