Greece: Increased Real Estate Investment Requirements for Golden Visa in Some Areas
January 27, 2025
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Update – January 27, 2025: Eligible individuals may continue to be subject to the previous, lower thresholds in the following situations:
- Individuals who, prior to August 31, 2024, either made a 10% deposit or finalized the real estate contract may now complete their investment under the pre-existing thresholds by February 28, 2025 (whereas previously this deadline was December 31, 2024); and
- Individuals in the above situation whose initial purchase attempt fails to be completed, may now attempt to pursue a separate property investment under the lower thresholds, provided that they complete the purchase by April 30, 2025.
Update - April 15, 2024: The real estate Golden Visa eligibility threshold has increased to between EUR 400,000 and EUR 800,000, depending on the region (for example, areas like Athens, Thessaloniki, Santorini, and Mykonos, among others, have higher thresholds). Limits on the number of properties a single investor can buy in a given area are also now in effect. In limited circumstances, applicants may remain eligible for the previous, lower threshold until the end of 2024.
Update - August 9, 2023: The increased monetary requirements apply for property purchased after July 31, 2023.
February 2, 2023: The government of Greece is increasing monetary requirements for individuals applying for a Golden Visa based on real estate purchases in the Municipality of Athens, the North and South Suburbs of Athens, Thessaloniki, Santorini and Mykonos. Applicants will be required to invest a minimum of EUR 500,000, up from EUR 250,000. The government will also limit the number of properties in a given area which investors can buy, in order to keep prices from dramatically increasing and pricing out the local population.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
