Important changes in Greece Golden Visa conditions

Greece Golden Visa

It has become known that the Greece Golden Visa for investments in real estate will rise in price from 31st of March! But there is a transition period for entering the program under the old conditions, as reported by the Minister of National Economy and Finance, Kostis Hatzidakis.

Greece Golden Visa: the price could triple in 2024

Greece Golden Visa

This February, during parliamentary hearings, Greek Prime Minister Kyriakos Mitsotakis proposed raising the minimum investment for a Greece Golden Visa to € 800,000. The politician cites the lack of affordable housing for the population as the reason. Despite the radical nature of this proposal, Prime Minister Mitsotakis would not like to set such a high cost of real estate for golden visa applicants in all municipalities.

Greece Golden Visa for purchasing real estate in 2023

Greeсe Golden Visa

The Greece Golden Visa program continues to operate, despite the turbulence that all the statements of parliamentarians in the EU Parliament have brought to the investment citizenship and residence permit industry recently. So, permanent residence in Greece can be obtained for 5 years if you purchase real estate in the amount of €250,000 – 500,000. In this case, the investment threshold is determined by the region of Greece. This requirement came into force on July 31, 2023.

The Greece Golden Visa – 3 months more to invest less!

Greece Golden Visa

At the end of March, the Hellenic Parliament voted to postpone the beginning of that transitional period for real estate-based Greece golden visa applications. Basically, they shift the date from the original April 30th this year to July 31st. Previously, in December of 2022, the authorities announced a decision to raise real estate investment rates for Greece Golden Visa applicants to a minimum of €500,000, depending on the region.

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