In the new changes that are coming in Golden Visa it is stated that from March 31, the following conditions will apply for the granting of the golden visa:
The amount of the investment for the regions of Attica, Thessaloniki, Mykonos, Santorini, but also for the islands with a population of over 3,000 inhabitants will increase from 500,000 to 800,000 euros in objective value. The investment will concern each time a property with a surface area of at least 120 square meters.
For the rest of Greece, the limit will rise from 250,000, which is currently the minimum, to 400,000 euros.
The only exception, where the limit of 250,000 euros for the Golden Visa will remain, will concern investors who will acquire conservation properties and renovate them in order to support this particular category of properties.
The five-year residence permits will be renewable as long as the property remains in the possession of the investor. If the investor sells the property the Residence Permit will be revoked.
Investors will be able to rent out their properties, however they will not be able to offer them for development through the digital short-term rental platforms.
In order for the new system to be implemented smoothly, a transitional period will be provided until September 30, 2024. That is, those who acquire property by September 30 under the Golden Visa regime will be subject to the existing and not the new provisions.