The advantages of Greece for Americans looking for a new home
In recent years, there has been a notable increase in the number of Americans seeking a new home outside the United States, exploring residency or citizenship options, for example, in Europe.
This phenomenon, which responds to factors such as political instability, mobility restrictions experienced during the pandemic and the interest in greater asset and geographical diversification, has generated a change in the profile of the international investor.
According to data from Henley & PartnersUS citizens accounted for 23% of all applications to residency and citizenship by investment programs in the last year.
This figure represents a 70% growth compared to the previous year and an increase of over 1.000% in the last five years.
In this context, Greece has emerged as one of the most prominent options among European destinations preferred by North Americans.
Greece: a practical and affordable option for living in Europe
Greece's appeal extends beyond its cultural and scenic value. The country offers a residency program through investment (Golden Visa) that remains one of the most accessible ways to settle in Europe.
Until August 2024, it was possible to obtain residency by investing a minimum of €250.000 in real estate. Currently, that amount only applies if the investment is in properties of historical interest requiring restoration, or in housing conversion projects.
For other types of projects, the figures range from €400.000 to €800.000 depending on the location and type of property. This residency is granted for five years and can be renewed, offering a path to immigration stability without requiring permanent physical residence.
This type of program has made Greece a relevant destination for those seeking to establish a foothold in Europe without completely severing ties with their country of origin.
Long-term Greek citizenship, without giving up nationality
An additional advantage for Americans is that Greece allows dual citizenship. After seven years of legal residency, it is possible to begin the naturalization process without having to renounce U.S. citizenship.
During that period, applicants must maintain their residency status, retain their investment, and comply with legal requirements.
Although there are additional costs related to property maintenance, taxes and paperwork, the process is competitive compared to other European countries that offer similar programs.
Greece on the radar of the most requested programs
The evolution of the number of golden visas issued by Greece confirms their growing popularity. In 2023, the country granted 5.444 residence permits for investment, far exceeding the figures from previous years.
Along with Spain, Malta, Portugal and Antigua and Barbuda, Greece ranks among the top five destinations preferred by North American applicants.
This segment's choice of Greece is due to a combination of accessibility, migration advantages, and stable living conditions.
This trend also reflects a change in the perception of international mobility as a strategic planning tool, rather than simply a change of residence.
AIM Global advises you on obtaining residency in Greece
The trend of Americans looking for a new home is on the rise. And Greece has established itself as one of the most accessible and viable options for achieving that goal.
At AIM Global we have a team of expert professionals and offices in Santiago and Portugal, which allows us to offer you the best advice when evaluating investment or residency projects in Europe.
In an increasingly interconnected and changing world, having options for diversifying wealth and being prepared for the future is vital. Schedule a meeting Join us and let us help you find the best option for you and your family.
