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 Golden Visa program for investors has provided the Mediterranean country with an influx of capital of more than 4.3 billion euros from 2021 to 2023. This is the most popular investment residence permit program in Europe.
Benefits of the Greek residence permit program
— A residence permit in Greece for investment is issued for a period of 5 years (can be extended if the investment is maintained).
— Visa-free entry to all Schengen countries.
— Possibility to reside temporarily or permanently in Greece.
— You can apply for your spouse, as well as children (under 21 years old) and parents of the main applicant and/or spouse.
— No residency requirements.
How to choose a property for a Greece Golden Visa
Apex Capital Partners has accumulated extensive expertise in selecting real estate for those wishing to obtain a Greek residence permit. Taking into account this experience, we will be able to quickly select a beautiful apartment that can be rented out for long-term rent (properties purchased under a residence permit cannot be rented out for a short period of time) when the owners do not live in it. Or a villa on the islands for those who are used to such scale and privacy. Or an excellent investment project that will be a good investment with a guaranteed income in Euros.
How to apply for a Greek residence permit in time
Note that Apex Capital Partners submits clients’ applications for Greek residence permits not in Athens, where the immigration department is overloaded, but in a small city. Therefore, these applications are registered in the system quite quickly. However, don’t wait until the last moment – it’s already here.
We remind you that you can apply for a residence permit in Greece for real estate option under the same conditions only by concluding an agreement to purchase the property and paying at least 10% of the cost until August 30, 2024! This is a transition period after the official announcement of the price increase and the last opportunity to buy real estate under a residence permit at a favorable price in the suburbs of Athens.
Special offer!
Share in a 4* hotel under construction in the port of Piraeus
We offer to purchase a share in a 4* hotel under construction for €250,000. The amount includes the costs of completing the transaction. Piraeus is a major port, connected to Athens by many transport lines. Location 170 m to the embankment, 200 m to the nearest metro station, 600 m to the famous Zea Marina. Delivery in the 2nd quarter of 2026.
Developer offers two options for generating income. Here they are.
OPTION 1.
Stable, predictable income without risks
Fixed income for 10 years.
- Yield 3% for the first 2 years.
- Yield 3.5% over the next 2 years.
- 4% return for remaining years
OPTION 2.
Potentially higher income, but with risks
Variable returns.
- Yield 4% for the first 2 years.
- 70% EBITDA* from hotel activities in the fu-ture.
* Earnings before interest, taxes, depreciation and amortization.
Freehold apartments in the suburbs of Athens, Piraeus
A new project for 59 one-bedroom apartments, most of which have already been sold out or reserved. The apartments will delivered, equipped with premium kitchens and plumbing fixtures. The coastline of Piraeus port is just a 5-minute walk away, and there is also a metro station nearby. This is a quiet area where there is all the infrastructure for living and recreation, including a large park.Delivery in the 3rd quarter of 2025.
For example, an apartment on the 4th floor with a total area of 39.8 m2 for €255,000. Or an apartment on the 5th floor with an area of 47.2 m2 for €305,000.
Freehold apartments in the northern suburbs of Athens, the city of Gerakas
The location is in an area that is closest to the international airport (only 15 minutes by car), with many educational institutions nearby (French Lyceum, Byron and St. Catherine’s English School, Metropolitan Lyceum, University of Athens). This means that such housing will be in high demand for long-term rental among students and families with school-age children. There are also many embassies in this area (China, Vatican, Morocco). You can get anywhere in Athens from here by metro; the new Pallini station is just a 4-minute drive from the project.
The key advantage of the project is that Gerakas has retained the minimum rate of €250,000 for obtaining a Greek residence permit, while the neighboring areas – Agia Paraskeva, Kifissia, Maroussi and Chalandri – offer options starting from €500,000. Thus, you choose a project in premium location, but you don’t overpay for the opportunity to participate in the residence permit program (Golden visa).
The design of two-storey apartments (maisonettes) was developed in London. An apartment on the 1st-2nd floor, 2 bedrooms, 1 bathroom, with a total covered area of 59 m2 + 6m2 balcony costs €251,000 (you can additionally purchase a furniture “package” for €20,000). The developer offers to conclude a 3-year rental contract with a guaranteed income of 3% per annum. Delivery in the 2nd quarter of 2026.
The minimum investment in real estate under a Greece Golden Visa after the end of the grace period (until August 30, 2024) will be €800,000 in the administrative region of Attica (all Athens, including the suburbs, Piraeus), Thessaloniki, Mykonos and Santorini, as well as on islands with a population of less than 3,100 inhabitants.
Get a free consultation from Apex Capital Partners on the Greece Golden Visa program based on a profitable real estate investment.
