Thousands of Greeks evicted due to “Golden Visa” property programme, Daily Telegraph writes

18 February 2019
240 Views

Online British news outlet “Daily Telegraph” claims thousands of Greek tenants are forced out of their homes in a piece entitled “Mass evictions in Athens as government offers golden visa incentive to Airbnb investors from Russia and China”.
For mass exhumations of Greek tenants from homes bought by Chinese, Turkish and Russian under the “Golden Vision” business, the British Telegraph speaks extensively.

As the piece reports, wealthy non-EU citizens are securing EU residency by buying up property in Greece in exchange for investments of 250,000 euros in the real estate industry under the “Golden Visa” scheme. The new foreign owners then lease the property to Airbnb evicting the tenants.

Within two years, Airbnb properties in Greece have skyrocketed from 9,000 to 129,000 euros thanks to the “Golden Visa,” as sources from the real estate say. This has given new impetus to the real estate market and the government is planning to expand the program, but there is a cost.

“The “golden visas” over the last five years have revitalised Real Estate in Greece, and the government is considering expanding the program”, the article points out. It goes on to stress that these type of visas in Greece are the cheapest in Europe – a corresponding visa in Britain costs £2 million – and allow non-EU citizens to live and work professionally in Greece, to travel to any country of Europe and apply for EU citizenship”.

The British newspaper notes the increases of 200 and 300 euros in rents in areas where AirBnB is booming.

As the article points out, the European Commission had called for stricter limitation to be put in force on the “golden visa” programmes.

According to the British newspaper, in January 2018 AirBnB announced that Greece agreed to a full release of short leases, disregarding its previous commitments. The number of Greek “golden visas” tripled in 2018, the article concludes.

You may be interested

Milos the best island in Europe: Travel + Leisure
GREECE
shares26 views
GREECE
shares26 views

Milos the best island in Europe: Travel + Leisure

Panos - Jul 17, 2019

The readers of the famous ”Travel + Leisure” magazine recently voted the Greek island of Milos as ”the best island…

Emmy Nominations 2019: See the Full List of Nominees for TV’s Big Night
ART
shares21 views
ART
shares21 views

Emmy Nominations 2019: See the Full List of Nominees for TV’s Big Night

Panos - Jul 17, 2019

The nominations for the 71st Primetime Emmy Awards were announced on Tuesday, officially kicking off this year’s awards season. Actors…

Trump cuts off F-35 for Turkey & lawmakers say sanctions are coming
DEFENCE
shares29 views
DEFENCE
shares29 views

Trump cuts off F-35 for Turkey & lawmakers say sanctions are coming

Panos - Jul 17, 2019

After days of silence about whether Turkey will be punished for accepting a Russian-made air defense system, U.S. President Donald…

Leave a Comment

Your email address will not be published.