Mumbai, 27th September 2023: Leptos Estates, a leading property developer in Cyprus & Greece, is pleased to announce the continued success and growing popularity of the Greek Permanent Residency Programme for Indians. As European countries re-evaluate their immigration policies, the programme stands out as an attractive option for Indian investors seeking permanent residency in Europe.
The Greek Permanent Residency Programme has been a beacon of opportunity especially for Indian families from around the world. Investors are drawn to Greece’s rich cultural heritage, stunning landscapes, and the unparalleled lifestyle it offers. By investing in Greek real estate, applicants can secure a pathway to European residency, making it a golden opportunity in today’s ever-changing immigration landscape.
According to recent data from Schengen Visa Info, Greece has witnessed a surge in interest, with over €1.57 billion invested in the last 12 months through the Greek Golden Visa Programme. This program, which provides Greek residency to foreigners who invest in real estate, is increasingly becoming the preferred choice for individuals seeking a European foothold. Additionally, data tabled by Ministry of External Affairs (MEA) states that over 2.25 lakh Indians renounced Indian citizenship in 2022. The data reflects how Indians, especially high net worth individuals (HNIs) are moving towards Greece in search of better opportunities, healthcare, quality of life, and education, among several other factors.
While several European countries are revising their immigration policies (Ireland, Spain & Portugal have closed their Permanent Residency/Golden Visa programmes via Real Estate Investment), Greece has continued to provide a stable and appealing option for investors.
Even Greece since August this year increased the Investment amount from € 250000 to € 500000 in certain areas of Greece. Luckily it is still the most economical programme in Europe and the investment amount in Crete (Greece’s largest island with 3 International Airports /Ferry terminal and Cruise port) and the beautiful Island of Paros, remains at € 250,000. Around INR2.5 CR
The investment gets you a PR for Life for all 3 generations of your family unit. Free Government health & education. The freedom to travel across most of Europe, including Schengen countries without a visa. And the ability to do business in Greece and also access other EU markets. The property itself gives you good rental income and great capital appreciation. The market is giving 10% capital appreciation year on year. Greece economy is also rated stable & positive by Fitch, Moody’s, S&P and others. Moreover, it is also a ‘Gateway to the Greek (European passport) if you so desire
This is echoed by Pantelis Leptos, co-President of Leptos Group of Companies, who stated, “Greece’s Permanent Residency Programme for Indians is a testament to the country’s commitment to attracting global investors. Our nation’s natural beauty, combined with a thriving real estate market, makes Greece an exceptional destination for those seeking European residency. The real estate you buy is on the beautiful Mediterranean Sea and most of our projects are sea from or with spectacular Sea views’
Leptos Estates’ dedication to crafting dream homes in Greece has been a driving force behind the success of the Greek Permanent Residency Programme especially for Indians.
The company’s expertise in real estate development and continued commitment to excellence have made it a trusted partner for investors looking to secure their future in Europe. Leptos provides a ‘One stop shop’ for investors. They do all the PR paperwork, organise rental income & also maintain your property for a hassle-free smooth experience
