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"Greece’s golden visa program requires a minimum investment of approximately $263,000 (€250,000) in real estate."
Is that enough to buy an average house? Is the economy still this bad over there?
I just looked at realestate.com for greece, it's really bad. I'm probably not searching right but i looked at a few dozen "houses" up to 250k euro and they are legit ruins. Also 90% of the photos are terrible. I also suspect most of these listings are scams, I swear I saw the same houses a few times. I did see some really gnarly looking trees though, those would be cool to look at from your caved in house.
Ok, all the bogus listings are 1 bed 1 bath, setting it to 2 bed 1 bath minimum gets such better results. There are some really neat houses for 100k-150k euro. Lookit this one: https://www.realestate.com.au/international/gr/neapoli-crete-120082459627//
Location, location, location
The us can be really cheap too. But you won't want to live there.
That's a good point. But the US is not offering this same path to citizenship to anyone willing to buy a house in rural Alabama. I assumed these visa programs were aimed at attracting wealthy foreigners which is why the US has something similar for anyone willing to invest $800K in a commercial enterprise. That's why I was curious if $263K is considered relatively wealthy in Greece and could buy a house even in desirable areas. The fact that apparently this is not the case makes the goals of this program unclear.