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. So now, investors who seek Greece Golden Visa are able to apply as long as they pay the 10% deposit before July 31st. And conclude the investment before the end of the same year. Note that each application may include dependents such as the spouse, as well as children (under 21) and parents (no age limit) of the main applicant and/or spouse.
Notis Mitarakis, Minister of Migration and Asylum of Greece, commented on the passing of the bill that government decisions are made “taking into account the needs of the Greek economy and society, acting as a deterrent to illegal immigration, but, at the same time, institutionalizing effective legal passages where we as a country want”.
How to obtain Greece Golden Visa by investment
The Greece Golden Visa will allow the investor to reside temporarily or permanently in Greece and travel around the Schengen countries without issuing a visa (90 days every six months). Thus, the Greek Permanent Residency Program gives the investor and his family members visa-free access to Italy, France, Germany, Switzerland, in total 27 countries of the European Union.
To sum up, the minimum investment threshold for real estate option after July 31, 2023 will rise to €500,000 for the North, Central and South Sector of Athens in the Attica Region, the islands of Mykonos and Santorini and the Municipality of Thessaloniki. For the other regions, the limit of €250,000 will remain.
For example, luxury apartments on the Athenian Riviera in the Mosсhato area
The project will be commissioned in 2024. A 106m2 two-bedroom ground floor apartment in a modern building with private garden access is currently available for €473,000 (no VAT). Mosсhato is located at the head of the 70km Athenian Riviera with its clear blue waters and stunning views of the Saronic Gulf.
This property is located a nine-minute walk from the metro station, from where you can reach the central Syntagma Square in just 17 minutes. Within walking distance from the building is the coast with a good beach, Flisvos marina, cafes, picturesque streets and marinas, a modern shopping center. Literally one kilometer away is the Athens School of Art. Now there is a large-scale modernization of the Athenian Riviera, for which 10 billion euros have been allocated. Piers, parks, hotels, casinos and other infrastructure facilities are being built here.
For many years, Apex Capital Partners has been building network of partnerships with the best developers in Greece, which will allow the investor to choose from the most interesting offers, only premium properties.
