Will the Greek Golden Visa Program increase to €800,000?

Greece's Updated Golden Visa: Increased Investment Thresholds

Greece has raised the investment requirements for its Golden Visa program. As of September 1, the minimum investment for securing a residence permit has increased to €800,000 in key areas such as Attica, Thessaloniki, and islands with a population over 3,100. This increase is intended to manage demand in high-demand regions. In most other areas, the investment requirement has risen to €400,000.

Investors must now focus on a single property of at least 120 square meters. The updated program aims to balance regional development with housing affordability.

Loopholes and Exceptions

Despite the increased thresholds, there are exceptions allowing for investments as low as €250,000. These exceptions apply to properties that qualify under special categories, such as listed buildings or properties undergoing a change in use (e.g., from industrial to residential). In these cases, investors can purchase property anywhere in Greece without the new size requirements.

This strategic adjustment helps attract diverse investments while fostering economic development in underdeveloped areas.

For individuals looking to invest in Greece’s real estate market, these changes offer opportunities to capitalize on areas outside the high-demand regions, while still taking advantage of Greece’s residency-by-investment benefits.

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