Greek Golden Visa

– Acquisition of real estate property in Greece, or

– Acquisition of real estate property in Greece through a fully owned company having its seat in Greece or another EU member state, or

– Long term lease of a combined tourist facility or timeshare lease of a touristic facility, or

– Acquisition at full ownership through inheritance (intestate or through a will) or through parental gift of real estate property in Greece.

• 250,000 euros for the acquisition of properties where the main living areas of such property are converted into a residential property. The investment is effected in a single property, and the change of use (i.e. the conversion of the property into a residential property) must have been completed before the submission of the application for residence permit however after the entrance into force of the relevant legal provisions (i.e. after 05.04.2024). The change of use may be undertaken by the buyer (investor) or the seller.

The above apply also to the cases where an industrial building (or a section thereof) is converted into a residential property, provided however that for the past 5 years no business was established and operating therein.

• 250,000 euros for listed buildings (so buildings of a particular architectural interest) restoration or reconstruction works. The investment is effected to a single property and the first renewal of the residence permit is conditional upon the full completion of the restoration of the real estate. The transfer of the property before completion of the restoration or reconstruction works is void.

• 400,000 euros for all properties which do not enter into the above two categories, except for properties which are located in specific regions which are considered to be of higher value. The investment must be effected in one single property and where such property consists of a building or apartment, the minimum surface must be 120 square meters.

• 800,000 euros for properties which are located in the following regions:
• Prefecture of Attica (Athens region and suburbs)
• Prefectural Unit of Thessaloniki,
• Prefectural Units of Mykonos and Thira (Santorini)
• All islands with a population of over 3100 residents

The investment must be effected in a single property and its surface (where it is a building or apartment) must be at least 120 square meters.

More details on the foregoing may be found here.

However, it is prohibited to lease (or sublease) the properties acquired for the application for residence permit under the short-term lease regime of sharing economy or to sub-lease them.

Additionally, the properties the use of which is converted into residential may not be used as registered address or branch office for a business.

Sharing economy, is defined as any model, where the digital platforms create an open market for the temporary use of properties or services, often provided by private individuals.

Short- term lease, is defined as the lease or sub-lease of a property, for a specific duration which is shorter than 60 days, and provided that no other services are provided, beyond the stay and bedding equipment.

Long-term leases or subleases to touristic businesses, for the professional use of the property, provided that additional services are provided (e.g. hotel), and provided that the property does not fall under the category of property converted into a residence are allowed.

The main applicant (investor) may be accompanied by the members of his/ her family, that is:

His/ her spouse

The children under the age of 21 years old

The ascendants (parents) of both spouses