look news india
Indians are settled in every corner of the world, but in the last two months Indians have gone to Greece, one of the most beautiful countries in the world. According to a report, there has been a 37% increase in property purchases by Indians in Greece in the last two months of July and August.
Greece launched the Golden Visa program to boost the real estate market in the country. Under this program, the Greek government gives residency permit to a person from any country on purchasing land worth around Rs 2 crore.
Rates have increased manifold in posh areas of Greece
It is being said that Indians are taking advantage of this scheme of the Greek government. This is the reason why property rates have increased manifold in posh areas of the country like Thessaloniki, Santorini, Athens and Mykonos etc. According to media reports, the land in these areas which was earlier worth around Rs. 2 crores, is now available for around Rs. 7 crores.
Citizenship with health care and education
According to media reports, after buying land in Greece, people are being provided with good health care, education and other basic facilities. According to a report, while Indians used to go to European Union islands like Paros and Crete, now Greece is their first choice. Let us tell you that Indians, Pakistanis and people from other countries of the world are also taking advantage of the Golden Visa Scheme of the Greek government. According to a report, property prices in Greece are rising at an impressive rate of 10 percent annually.
What is Greece's Golden Rule?
Greece's Golden Visa program was introduced in 2013. Under this, foreign nationals can obtain Greek citizenship by investing in Greek government bonds, real estate and some other instruments. This program is quite popular among the wealthy people of India. Many wealthy Indians have invested in real estate in Greece for rental income, starting businesses in the EU and better health care and education.