Greece has recently updated its Golden Visa program, imposing new investment thresholds for foreign investors seeking residency through real estate purchases. The revised requirements mandate a minimum investment of €800,000 for properties in major cities and islands, a significant increase from the previous €250,000. For less populated areas, the new minimum is set at €400,000, also a substantial rise from the earlier threshold.
This adjustment is aimed at addressing inflation and enhancing revenue from the program. The Golden Visa offers residency not only to investors but also to their immediate family members, with the added benefit of unrestricted travel within the European Union. By raising the investment limits, Greece seeks to attract high-net-worth individuals while managing the impact on the housing market and economy.
