Realty sector to boom from Q4

The Greek property market looks set to find itself in a privileged position once the travel restrictions are lifted and foreign investors return. The main attraction will once again be the Golden Visa residence permit program for those who invest at least 250,000 euros in Greek realty, providing they originate from non-European Union countries.

Henley & Partners, an investment consultancy firm specializing in the housing market through programs such as Golden Visa, notes in a report that the coronavirus pandemic will motivate more high-income investors to reassess their investment strategy, mainly as to how they can safeguard their capital and families in case of future financial shocks. In that context, countries with successful residence permit or nationality concession programs will be at the focus of interest, with Greece well positioned to benefit.

The company's...