Golden Visas Fuel Greece’s Real Estate Surge
The allure of Greece’s Golden Visa program, which grants residency permits and passports to foreign investors in exchange for property purchases, has undeniably invigorated the country’s real estate market.
Greece Golden Visa 2024: changes for real estate option
From September 1st, 2024, the Greek Golden Visa program (aka Greece Golden Visa) accepts applications from investors under new conditions. In fact, the changes affect only the option to purchase real estate. Here are some examples of such real estate projects under program requirements.
Navigating the European Golden Visa Landscape: A Comprehensive Guide
The allure of European residency has never been more potent, and Golden Visa programs continue to be a popular pathway for high-net-worth individuals seeking a foothold in the continent.
Greece Golden Visa for real estate from €250,000 only until 30th of August, 2024
Now, when there are two and a half months left before the price of investments under the “Greece Golden Visa” goes up, the program is at the peak of its popularity. In addition to last minute dates, there are other factors in favor of this decision. So, unlike Spain and Portugal, Greece issues a “Golden Visa” for 5 years at once. The minimum value of real estate under the program under current conditions is €250,000. However, the requirements for the amount depend on the location of the property.
Greece’s Golden Visa Revamp: What Investors Need to Know
As the European Union reevaluates Golden Visa schemes amidst considerations of housing market dynamics and security, Greece steps forward with strategic modifications to its offering.
Important changes in Greece Golden Visa conditions
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
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
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!
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.
Greece Golden Visa will rise in real estate minimum investment
On September 11, 2022, the Prime Minister of Greece, during a speech on the country’s economic policy, announced an increase in the minimum investment amount required under the property investment option of the Greece Golden Visa program.
Greece permanent residency visa: warm welcome to Digital Nomades
Like in many countries around the world, Greece permanent residency visa must solve some financial problems that country must face during COVID era.