Escaping to a Greek island is a real dream for many, which can last up to… two weeks. For some others, however, the Hellas it’s a lifestyle choice.

In recent years, according to an article published on CNBC, there has been a significant increase in the number of applications for the “residency by investment” program, at a time when there is less and less interest in similar programs in other countries.

As part of the program “residency by investment” a five-year residence permit is granted to people who invest at least 250,000 in Greek real estate. Permits issued almost doubled last year to 2,767, according to recent figures from the Greek Ministry of Asylum and Migration. In 2021, applications reached 1525.

In accordance with CNBCwhat is interesting is that while in the past most applicants were Chinese, today a new investor market is emerging: wealthy Americans.

Officials of the Ministry of Tourism point to the comparative advantage of Greece, a country with a low cost of living and countless geographical, climatic and investment advantages. At the same time, however, the publication highlights the government’s attempt to protect the real estate market, focusing on the protection of young people.