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.
The Migration Ministry submitted its five-point draft bill on migration for public consultation on Friday. The consultation will last until April 24.
The bill provides for speeding up the processing and approval/rejection of asylum applications, the creation of closed controlled structures on the islands, and the legal requirements for the latter's new operating framework.
The Migration Ministry has upwardly revised the 2019 data for the Golden Visa program, which provides residence permits to non-European Union citizens who invest over 250,000 euros in Greek realty, but it is clear that 2020 will be the first year that the program sees a drop, due to the Covid-19 pandemic.