GOLDEN VISA IN GREECE WITH INVESTMENTS IN REAL ESTATE FROM 250,000 EUROS
- Law office ANNA IGNATENKO & Associates
- Apr 2
- 2 min read
Updated: Apr 7
Many believe that the times of obtaining a 'Golden Visa' in Greece through real estate investments starting from 250,000 euros are in the past, as the minimum investment amount for a 'Golden Visa' significantly increased starting from September 2024, particularly for popular regions of the country. However, this opportunity still exists — under certain conditions!
Thus, according to Law No. 5038/2023, it is possible to obtain a residence permit in Greece under the 'Golden Visa' program through real estate investments (in any region of the country) starting from 250,000 euros, provided that:
The purpose of the real estate at the time of its acquisition is NOT classified as residential.
Such real estate objects may include, for example, industrial buildings, parts of industrial buildings, or land plots on which industrial buildings are located, but only if no industrial enterprise has been operating on these properties for the last 5 years.
The new owner or seller must carry out all procedures to change the classification of the property to residential. It is important that the change of purpose is completed BEFORE the submission of the residence permit application.
Buildings/structures classified as architectural monuments, subject to restoration or reconstruction, as well as parts of these buildings, or land plots on which they are located.
The condition for the first extension of the residence permit is the complete restoration or reconstruction of the property.
If you have decided to purchase property in Greece and require reliable and professional legal assistance, feel free to contact us! We will guide you through all stages of the transaction and its potential risks, as well as ensure that your real estate deal is conducted safely and in compliance with all legal requirements.
Our services include document preparation and analysis, legal due diligence of the property, dispute resolution, and representation of your interests in negotiations with the other party to the transaction.
Our goal is to ensure the safety and efficiency of every transaction for our clients!