The number of Greek ‘Golden Visas’ granted to UK citizens has increased by 48.9 per cent over the past year, driven by UK-based high net worth individuals (HNWI) looking to relocate, according to Astons.

The property consultancy analysed Golden Visa data from the Greek government, which showed that it had granted a total of 18,364 Golden Visa applications to foreign nationals by the end of September 2025.

This represented a monthly increase of 3.6 per cent between August and September 2025, and year-on-year growth of 44.1 per cent.

While the number of grants to UK citizens represented just 4 per cent of Golden Visas issued by the Greek government, the 48.9 per cent rise was the third largest increase after Turkey (152.9 per cent) and Israel (83.8 per cent).

UK citizens received the fourth most Greek Golden Visas, behind China (47.9 per cent), Turkey (14.7 per cent), and Lebanon (5.1 per cent).

Astons said that more UK-based HNWIs were applying for Golden Visas to escape increasing wealth and property taxes, and warned that the figure could increase further over the coming months if more tax rises are included in the Autumn Budget.

“Demand for Greece’s Golden Visa goes from strength to strength, and it’s no surprise to see such a sharp increase in applications from UK citizens over the past year,” said Astons senior consultant for residency and citizenship programmes, Suzanna Uzakova.

“With the UK government introducing a series of tax increases targeting wealth and property, many affluent Britons are looking abroad for greater financial stability and lifestyle benefits.

“With yet more UK tax rises expected in this month’s Autumn Budget, we very much expect to see the UK wealth exodus ramp up yet another gear, and there’s no doubt that Greece is going to continue to be a high demand destination.

“Greece’s Golden Visa remains one of the most accessible residency programmes in Europe, with investment requirements starting from just €250,000, provided the funds are directed toward commercial property that is then converted into residential dwellings.

“Combined with a highly attractive tax regime, including a flat €100,000 annual levy on foreign-sourced income for HNWIs - or a 7 per cent flat tax on overseas pensions for up to 15 years - Greece offers a compelling mix of accessibility, value, and long-term fiscal advantages.

“The country’s Mediterranean lifestyle, EU access, and growing real estate opportunities further enhance its draw. We’re seeing a clear trend of UK investors, entrepreneurs, and retirees choosing Greece not just as a tax-efficient base, but as a place to truly live, invest, and enjoy life, especially against a backdrop of rising costs and fiscal tightening back home.”

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