Greece Golden Visa Investment Increased to €500,000

Real Estate Investment to Double

Dr. Antoine Saliba Haig | Published on 15 Sep 2022

Greece golden visa investment increased

The Greece Golden Visa currently requires investors to invest at least €250,000 in residential or commercial real estate. Successful applicants and their qualifying family members receive permanent residence in Greece which is valid as long as the investor maintains the investment property in Greece.  

The investment required is about to double, from €250,000 to €500,000. This was announced in a speech by Greek prime minister Kyriakos Mitsotakis during the Thessaloniki International Fair. The main reason for the increase in price, is to increase the affordability of real estate for the Greek people. The Prime Minister also announced that he wants to encourage home ownership and renovation, and will be granting a subsidy to property owners to renovate their properties. This measure is part of a wider set of policies which are to be implemented. 

Although such measure has been announced, the timeline of when this will enter into effect has not yet been announced and prospective investors can still benefit from the existing price of €250,000.  

The Benefits of Obtaining Greece Golden Visa

  1. Acquisition of a residence card allowing visa free travel within the Schengen Area 
  2. No minimum residence requirement in Greece 
  3. Opportunity to rent out the investment property 
  4. Ability to include family members in the application 

We can assist applicants in applying for residency in Greece and hand-hold applicants throughout the entire process ensuring that the application is submitted correctly, and the residence cards are issued in a timely manner.  

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Key Contacts

Dr Priscilla Mifsud Parker

Advocate, Tax Consultant, Licenced Agent, Malta

+356 22056422

Dr Antoine Saliba Haig

Advocate, Malta

+356 22056446

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