After ten years of booming real estate and thousands of successful golden visa applications, the government announced that is moving forward to significant amendments of the Greek Golden Visa program and we would like both to update you for the major points and present new opportunities, too.
The whole country shall apply the amount of 400.000 euros, with the following exceptions:
Whole Attica region (Athens), Thessaloniki & Central Macedonia region, Mykonos, Santorini, south Aegean region, islands of over 3.100 inhabitants, the minimum investment amount for golden visa applicants be raised to 800.000 euros.
- In all areas, the investment must be on a singe property AND with minimum square meters 120m².
- Short term rentals are not allowed (type ‘airbnb’). Only long term tenancy agreements will be possible. Please note that serious penalties (€€) will be imposed to anyone who violates this rule.
Also, the property can’t be used as business headquarters nor branch.
- €800.000 Investment Zone: This higher threshold applies to sought-after areas such as the entire region of Attica (including Athens of course), Thessaloniki, the islands of Mykonos, Santorini, and 32 islands which are: Crete, Euvoia, Rhodes, Corfu, Lesbos, Chios, Zakynthos, Salamina, Kos, Kefalonia, Samos, Lefkada, Syros, Naxos, Kalymnos, Lemos, Paros, Thassos, Aegina, Tinos, Ikaria, Andros, Leros, Karpathos, Skiathos, Milos, Skopelos, Spetses, Kythera, Patmos, Poros, Alonissos.
- €400.000 Investment Zone: for properties located outside the zone of €800.000 (see above), the minimum investment is set at €400.000; once again for a single property with minimum covered areas of 120 m².
- €250.000 Special (exemption) Investment Category: Industrial, Commercial etc. assets which are converted to ‘Residential’ and there is a successful change of their use (to residential), despite of their location and size, the restored properties can be sold at €250.000 and qualify for the Golden Visa.
Which Are The Good News? Our company has already invested on such commercial projects, let us guide you thoroughly and present you the new opportunities that qualify the low minimum investment requirement of 250.000 Euros.
