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What is Golden Visa in Greece?

Posted by nantia on 24 January 2025
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What is Golden Visa in Greece?

The Greece Golden Visa program was launched in 2013 and it is a residency-by-investment program that offers the possibility of 5-year residence in Greece to non-European residents and their families without the need for a regular visa, with the condition of investing in the country’s economy. The program also allows Golden Visa holders to travel to countries within the Schengen area without a visa.

Obtaining a Golden Visa through real estate

One way to obtain a Greek Golden Visa is to invest in real estate. This system operates with 3 real estate investment categories, which are presented below. It should be noted that the interested investor can purchase real estate in more than one area to reach the required minimum investment value.

What are the three real estate investment categories for Golden Visa in Greece?

The 3 categories of properties for Golden Visa are divided based on the type of property and its location. Thus, we have:

A) Properties with at least 250,000 euros: these are former commercial properties (e.g. shops, craft spaces) with the aim of converting them into permanent residences, i.e. not for short-term rental or tourist rentals. For this type of property, the investor needs at least 250,000 euros regardless of the location of the property and its square meters.

B) Properties with at least 400,000 euros: this concerns properties of at least 120 sq.m. which are located in cities outside of Athens and Thessaloniki, and on islands with less than 3,100 inhabitants. In this case, the investor will need to invest at least 400,000 euros.

C) Properties with at least 800,000 euros: the third category includes properties within the Athens and Thessaloniki areas and on islands with over 3,100 residents. In this case, the investor needs at least 800,000 euros.

For example, areas in Attica such as Piraeus, Glyfada and Vouliagmeni have seen a large increase in commercial property conversion projects into residential properties in order to attract investors of the first category.

Conclusion

From what we have seen above, the Golden Visa program in Greece allows non-European residents to obtain 5-year residency in the country for themselves and their families. The prerequisite is investment in the Greek economy and one way to do this is through real estate based on the 3 property categories, which we analyzed above.

If you would like to learn more about Golden Visa, whether you are an interested investor or an owner in Greece who wants to sell their property, you can leave a message by filling out the contact form or by calling +306943283470 or +306946786688 and I will personally answer you as soon as possible.

I am Mpimpa Nantia, Holistic Real Estate Agent MSc MA. My real estate office has been located in Voula Square since 2009, at Vasileos Pavlou Avenue 59. For three consecutive years, in 2024, 2023 and 2022, I was awarded as the first real estate agent with 130+ five-star reviews in Greece in the real estate services industry.

You can also watch more videos on Youtube, Tiktok, Instagram or Facebook on Nantia Mpimpa Holistic Real Estate Agent’s page.

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