Key points on the pending changes of the Greek Golden Visa Framework
In September of this year, the?Prime Minister?of?Greece, Kyriakos Mitsotakis announced an increase in the minimum of the?Greek Golden Visa. Up until this day there seems to be a lot of confusion on what exactly has changed. We are here to help you understand what will be changing, regarding the Residence Permit offered through Real Estate Purchase.
Starting from April 31st 2023
A) The GV Investment in the following locations/areas, must be 500k:
All the other locations in Greece remain available for 250k investments.
B) Investors will no longer have the option to buy more than 1 (one) property for their investment, in order to reach the minimum investment threshold.
Until April 31st, 2023 interested parties, can benefit from the existing framework, and acquire property/properties all over Greece (even in the locations/areas that will be revised) by wiring a 10% deposit for the property/properties they have reserved followed by a private reservation agreement or Notarial agreement - and secure their entry to the Golden Visa program, by completing the purchase of the estate(s) chosen until Dec. 31st, 2023.
Kindly note, that your Residence Permit application can be processed once the real estate transaction(s) has concluded (per the Greek Legal Framework).