The Greek golden visa became the leading residency-for-investment programme in Europe by the relative demand growth in the first half of 2022, says a report released by property brokers Tranio.
According to Tranio, during January-June 2022, inquiries for the Greek golden visa programme increased by 127 percent compared to H1 2021.
The findings are based on Tranio’s statistics on property purchase inquiries made by transnational investors from January to June 2022, as well as on its latest annual survey of property market experts from 40 countries.
Over the last decade, global investors’ interest in the golden visas or passports was largely focused on Europe and North America. According to Tranio’s survey, the average number of foreign property buyers willing to get residents’ rights or citizenship in the offering European countries increased by 20 percent in 2021.
As highlighted by the survey, golden visas and passports significantly contributed to the recovery of Europe’s property market after the Covid-19 pandemic.
The survey showed that the top-5 European programmes growing in popularity among foreign investors were Portugal’s golden visa (in 2021 investors’ demand had increased by 100 percent), Montenegro’s golden passport (50 percent), the Greek and Spanish golden visas (+30 percent and +28 percent, respectively) and the Turkish golden passport (+22 percent).
H1 2022: Europe’s top programmes by demand growth
In the first half of 2022, major trend shifts were outlined in the cross-border property investment. According to Tranio’s data, Europe’s top programmes by demand growth were the Greek golden visa (inquiries increased by 127 percent to H1 2021), the golden passports of Turkey (+24 percent), Malta (+18 percent) and Montenegro (+12 percent), as well as Italy’s residence-by-investment programme (+11 percent).
In H1 2022, the growing in demand programmes outside of Europe are the UAE golden visa (inquiries have risen by +8 percent comparing to H1 2021), the United States’ green card (+4 percent) and Thailand’s golden visa (+4 percent).
The statistics are based on Tranio’s data on online inquiries for property investment in 93 countries.
Tranio’s detailed research can be found here.