Rushing to beat a Sept. 1 rise in the threshold to 800,000 euros ($891,476) in popular areas, rich foreigners are fast scooping up more properties in Greece to get a Golden Visa that brings a 5-year residency permit and passport.
That’s for them and their families, a valuable commodity that allows travel in the European Union but has seen even more homes taken off the market for Greeks, further exacerbating a shortage and driving up prices and rents.
Source: The National Herald
3287.99
1275.09