Between 2023 and 2024, foreign buyers acquired nearly 17,900 properties under the Golden Visa scheme-more than the total number purchased during the previous ten years of the program's operation. After nearly two years of rapid growth, Greece's Golden Visa program is beginning to show signs of fatigue. For the first time since 2022, the country has recorded a noticeable decline in new applications for residence permits through real estate investment, suggesting the initial momentum driven by the previous, more favorable conditions may be losing steam. In April 2025, Greece received 564 new Golden Visa applications, a significant drop of 28.5% compared to the 790 applications submitted in April 2024. This marks the first monthly decline since September 2022, when the Greek government announced plans to raise the minimum investment thresholds for the program. That announcement triggered a rush of interest from foreign investors eager to...