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00:00Why is demand for buying proper is in Greece rising among Indians?
00:10Increase in purchase of properties between July and August 2020, for Indian investors
00:16increased their property purchases in Greece by 37%.
00:22Greece's Golden Visa Program Greece's Golden Visa Program provides residency
00:27or citizenship in exchange for investments in real estate, government bonds or other
00:33recognized entities.
00:37Golden Visa Program Buyers scrambled to secure permanent residency
00:42ahead of revisions to the country's Golden Visa Program.
00:48Golden Visa Program The new restrictions, which took effect on
00:52September 1, more than doubled the minimum investment required to qualify for a visa
00:58through real estate acquisitions.
01:03High Demand The move is part of a larger housing program
01:06aimed at assuring cheap and quality homes for Greek inhabitants by relieving real estate
01:11pressure in high-demand locations.
01:15Greece is Finance Minister's Statement Greece's Finance Minister Kostis Hatzidakis
01:21The government hopes this will encourage investment in less-crowded areas while addressing local
01:27housing needs.
01:30Greece's Golden Visa Program The policy has grown in popularity among wealthy
01:35Indians looking for second homes in Europe.
01:40Perks People were also attracted by the perks of
01:42rental income, access to health care and education, and the possibility of establishing enterprises
01:48in the EU.