Experts say the Chinese no longer regard Greece merely as a foot in the door to the EU’s free-travel Schengen zone, but actually enjoy life in their new home. Photo: Shutterstock

Chinese investors take a shine to Greece’s ‘Golden Visa’ scheme

  • Non-EU citizens receive five-year residency permit in return for investing US$275,000 in Greek real estate
  • Of the 5,300 residency permits issued since 2013, more than 3,400 went to Chinese
Topic |   China Society

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Experts say the Chinese no longer regard Greece merely as a foot in the door to the EU’s free-travel Schengen zone, but actually enjoy life in their new home. Photo: Shutterstock
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Apartments for sale in central Madrid. Foreigners have bought 100,000 properties in Spain so far this year, an increase of 4 per cent. Photo: Reuters

More Hong Kong investors are eyeing Spanish property as gateway to permanent residency in EU

  • Spain allows investors to gain permanent residency by buying property worth €500,000
  • Since 2014, more than 1,700 Chinese nationals have been granted ‘golden visas’, more than a third of total approved applicants
Topic |   International Property

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Apartments for sale in central Madrid. Foreigners have bought 100,000 properties in Spain so far this year, an increase of 4 per cent. Photo: Reuters
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