Are you looking for a fast-tracked way to acquire European residency or even citizenship? Consider Greece — the Golden Visa Greece allows you to embody the philotomo lifestyle with property investment. Additionally, the investment needed for a Greek Golden Visa is currently the cheapest in Europe, with a minimum spend of €250,000 on a piece of property.
Of course, you know most good things come to an end, and this universal pricing is no exception.
That’s why, on December 21st, 2022 the Greek Ministry of Development submitted the amendment of the law into parliament to raise the Golden Visa minimum from €250,000 to €500,000.
This price hike is sure to make the Golden Visa Program less attractive and attainable for many potentially interested buyers. Nevertheless, the amendment specified the increase will only affect the following areas: North, South and Central Athens, Mykonos, Santorini and the Municipality of Thessaloniki.
Therefore, for the rest of the country, the minimum value of the property will remain a juicy €250,000.
So wait, there’s a smidge of time left?
Yes. In order to obtain the Golden Visa Greece as a non-EU citizen – applicable to citizens of the USA, UK, AUS, and NZ, amongst others– ) you have until December 31, 2023, to complete the contracts already in progress for the regions affected by the changing rules.
However, you must have put down a 10% deposit on the property by April 30, 2023. Once these conditions are met, you can obtain the Golden Visa at the minimum cost of €250,000 to purchase a property anywhere in the country.
What Are The Greek Golden Visa Benefits?
Let us remind you of the benefits accompanying Greece’s Golden Visa…. they are immense!
Once you make an investment in your property, you earn the Greek Golden Visa, which grants you residency.
Securing residency in Greece unlocks:
- access to Greek healthcare and education
- visa-free travel throughout the Schengen Zone
- freedom to rent out your property
- residency for your family
- no expiry date on your stay as long as you maintain the investment (renew your residency permit every 5 years)
- no requirement to live in Greece
- ability to apply for Greek citizenship after 7 years
How To Move Quick Before The Cost Hike
Remember, we are here to help. You’re going to want to move quickly to take advantage of this window of opportunity, but it’s not too late.
Lexidy’s multilingual legal experts can help melt away the language challenges, help you find the property, and guide you through the paperwork to cut down on time waste. Connect with us through the form below about your unique situation for more information.
Moreover, if the Greek Golden Visa isn’t the right pathway for you, other options exist that don’t require the same investment. We suggest reviewing the Greek Digital Nomad Visa or the FIP Visa as a fantastic alternative.
Speaking with our advisors will help you compare your options with other destination European countries like Italy, France, Spain or Portugal. Lexidy has expert legal teams in all of them, so we can help you every step of the way.