Living in GreeceThe Greek government is planning to increase the required investment threshold for obtaining a Golden Visa, which is a five-year residency permit that costs €250,000. The purpose of this move is to manage the high number of applications and to control the rising sale and rental prices in the real estate market.

The change in the required investment threshold has encouraged property transactions in areas like Piraeus, Rhodes, Halkidiki, and Crete, where the Golden Visa program’s €250,000 benchmark has remained the same.

However, in certain areas of Athens, such as its central regions and northern and southern suburbs, as well as some Cyclades islands, the minimum investment has already increased to €500,000.

Government officials explained that the potential modifications to the Greek Golden Visa program could encourage more significant investments. However, a lower investment threshold would be maintained for specific properties to direct investments towards those in dire need. Despite not including prime locations in Attica, foreign investors continue to express interest in other valuable areas.

According to news reports, the Ministry of Immigration Policy explains that a significant increase in permits was issued to British and Israeli investors last year. British investment saw a 77.8 percent increase to 370 applications, while Israeli investment increased by 77.6 percent to make up 183 applications.

How Can Global Citizen Solutions Help You?

Global Citizen Solutions is a boutique migration consultancy firm with years of experience delivering bespoke residence and citizenship by investment solutions for international families. With offices worldwide and an experienced, hands-on team, we have helped hundreds of clients worldwide acquire citizenship, residence visas, or homes while diversifying their portfolios with robust investments. 

We guide you from start to finish, taking you beyond your citizenship or residency by investment application. 

More About Greece

Greece Golden Visa New Rules & Changes 2024: What to...
More Info arrow icon
Greece Digital Nomad Visa: Your Ticket to Paradise
More Info arrow icon
Greek Citizenship by Descent: A Complete Guide
More Info arrow icon
Greece Retirement Visa: The Definitive Guide
More Info arrow icon