The Greek government has reformed its Golden Visa Program, raising the minimum real estate investment to €800,000 in key areas. These changes, aimed at managing the housing crisis, have unintentionally led to market distortions. The government’s decision-making process has been criticized for not consulting industry experts, raising concerns about long-term effects.
Despite government efforts to control housing pressures, the program contributed over €1.2 billion to the economy without directly impacting the housing shortage, as involved properties were primarily rented out rather than owner-occupied.
