The imminent end of Spain’s Golden Visa scheme, coupled with the growing influence of former U.S. President Donald Trump, has led to a notable surge in American interest in Greece’s five-year residence card program, primarily based on real estate investments. A recent report from leading international property experts, Astons, highlights this shift in preference, with Americans increasingly turning to Greece for alternative residency opportunities.
The trend, which began shortly after Trump’s election in November, has gained significant momentum. Astons’ analysis of Google search data from October to December 2024 reveals a dramatic spike in interest in Golden Visa-related terms among U.S. residents. As Spain prepares to close its Golden Visa program in April, search interest for “Spain Golden Visa” has surged by 21.6%. However, the most significant increase is seen in the search for “Greece Golden Visa,” which has risen by 50.4% in just two months.
With Spain’s Golden Visa program set to end on April 3, the clock is ticking for American investors seeking a European alternative. Alena Lesina, an expert in citizenship, residence permits, and real estate investments at Astons, notes that the closing deadline is fueling this spike in interest. “There’s been a surge in demand from U.S. citizens seeking a backup destination in Europe. This trend is expected to remain until Spain’s scheme concludes,” she said. “However, it’s evident that many Americans are now turning their attention to Greece, which is quickly becoming the most sought-after Golden Visa destination in Europe.”
One of the key reasons behind this shift is Greece’s affordability compared to Spain. With a minimum investment requirement of just 250,000 euros, the Greek Golden Visa offers a more accessible option for investors. The program promises residency for the entire family for five years, with the possibility of renewal once the initial period expires. Furthermore, applications are often processed in as little as three months.
Astons emphasizes that Greece’s Golden Visa, like Spain’s, does not require residents to live in the country or pay taxes there to maintain residency. As long as the investor retains their property investment, the residency status can be extended indefinitely.
In addition to its attractive financial requirements, Greece’s lifestyle benefits are also a major draw. The country is renowned for its stunning weather, beautiful beaches, and rich landscapes, which, combined with a strong economy, political stability, and a robust education system, make it an appealing destination for investors and their families.
Lesina points out that as demand for Greek properties increases, real estate values are expected to rise, offering a lucrative opportunity for early investors. “Greece is one of the most welcoming countries for Golden Visa investors, and with Spain closing its program, it’s an attractive market to invest in ahead of the curve,” she concluded.
As Spain’s Golden Visa program nears its closure, Greece stands poised to take its place as a leading European destination for American investors seeking residency by investment.
