Mark Damsgaard
Founder of Global Residence Index
Last updated: March 30, 2024
After a period of speculation and mixed messages, the Greek government has finally clarified the updated investment thresholds for the Greece Golden Visa Program.
Recent weeks have seen fluctuating reports and official statements suggesting imminent changes to the program’s real estate investment criteria. Amidst this uncertainty, the government reviewed numerous proposals, contemplating varied investment levels across different regions and considering restrictions on short-term leasing options.
Additionally, the government introduces two significant exceptions to these investment amounts.
It remains unspecified whether these new usage restrictions will affect golden visa holders approved prior to these changes.
The regulations will be effective from the 31st of this month.
However, a transitional period is in place so applicants can lock in the current investment thresholds by making a 10% deposit before September 30th and finalizing their investment by December 31, 2024.
Investors who meet the initial deposit requirement but fail to complete their investment within this timeframe have until April 2025 to invest in an alternative property and still benefit from the existing thresholds.
To secure the current, more favorable investment thresholds for the Greek golden visa program, we offer streamlined assistance through our collaboration with our local Greek legal expert specializing in golden visa applications. Here’s how we’re ready to help:
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Gain access to our network of recommended local lawyers, as well as providers of eligible investment options.
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