Greece Golden Visa Properties

Greece Golden Visa Properties

Investors can acquire Greek golden visa in 2024 through investment in a property worth at least €250,000. Since 1 August 2023, an elevated investment threshold of €500k applies for real estate investment in certain locations, such as areas in and around Athens, as well as the islands of Santorini and Mykonos.

March 2024 Update:

In March 2024, the Greek government announced significant changes to the Investment thresholds applicable for the Greece Golden Visa program. More specifically, the revised regulations applicable to the real estate investments are as follows

  • In high-demand areas, the minimum investment for Greek golden visa will increase to €800,000. This includes the entire administrative region of Athens, including Piraeus which previously benefitted from a €250,000 threshold. The threshold of €800,000 also applies to Thessaloniki, Mykonos, Santorini and other densely populated islands.
  • In the remaining regions of Greece, the threshold will increase to €400,000 from €250,000.
  • Each investment must be in a single property with a minimum area of 120m².
  • The use of properties for short-term rentals, such as through Airbnb or similar platforms, is now prohibited. This restriction impacts the overall investment returns from the property.
  • The minimum investment for the Greek golden visa remains at €250,000, applicable only to exempted properties (as notified) or commercial properties acquired for conversion to residential use. In such cases, the conversion must be completed before the investor can apply for the Golden visa.

Key Dates:

The aforementioned changes come into effect from 31 March 2024. Investors still have the opportunity to benefit from the previous thresholds of either €500,000 (in Athens, Thessaloniki, Mykonos, or Santorini) or €250,000 (in Piraeus), provided that:

  • 10% of the downpayment for reservation of such properties is concluded by 30 September 2024
  • The investment is finalized by completing the final payment and signing the final contracts by 31 December 2024.

With the implementation of these new changes, the Greece Golden Visa program through real estate investment may no longer be as advantageous compared to other alternatives. Therefore, it is imperative for investors interested in a real estate investment for Greek Golden Visa to move quickly, in order to meet the above deadlines.

Eligible properties for Greek Golden Visa

Location: Piraeus – suburb of Athens.
EUR 250k investment for Golden Visa.
Apartments ranging 49 m² – 85 m²
Overview:
Walking distance to the port of Piraeus. Excellent transport links to the city center of Athens. Shops, restaurants and beaches in the vicinity enhances rental value. Close to Olympiakos Football Stadium.
 

Bedroom

Bathroom

Parking

 

Min

1

1

1

Max

2

2

2

Location: Piraeus – suburb of Athens.
EUR 250k investment for Golden Visa.
Apartments ranging 41 m² – 91 m²
Overview:
Sea view apartments in proximity to the port of Piraeus. Privileged amenities including gym and garden access.  Close proximity to Piraeus Metro station & community swimming pool.
 

Bedroom

Bathroom

Parking

 

Min

1

1

1

Max

2

2

1

Location: Pangrati – Athens city center.
EUR 500k investment for Golden Visa.
Apartments ranging 55 m² – 130 m²
Overview:
Excellent view towards the Acropolis of Athens & Mount Lycabettus.  Heart of the city, with largest number of public squares. Close proximity to Agios Ioannis Metro station & Panathenaic Stadium – home of first modern Olympic Games.
 

Bedroom

Bathroom

Parking

 

Min

1

1

1

Max

3

3

2

Location: Peristeri – Western suburb of Athens.
EUR 250k investment for Golden Visa.
Apartments ranging 70 m² – 110 m²
Overview:
Located in the vibrant western suburbs of Athens. Short walk to a bustling commercial hub, local shops and supermarkets. Close proximity to Anthoupoli and Peristeri Metro Stations ensures excellent connectivity to city center of Athens.
 

Bedroom

Bathroom

Parking

 

Min

2

2

1

Max

3

3

2

Location: Kefalonia Island.
EUR 250k investment for Golden Visa.
Apartments ranging 56 m² – 100 m²
Overview:
Apartment by the sea, located in one of the largest islands in Greece. Exceptional natural beauty, beautiful beaches and clean water. High touristic demand makes this an excellent location for Airbnb or short-term rental. Peak rental of €150-200/night.
 

Bedroom

Bathroom

Parking

 

Min

1

1

1

Max

2

2

2

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