Thursday, June 20 2024

Greece to raise Golden Visa investment amount

 GoldenVIsa

In a bid to address the mounting pressure on the housing market, Greek Prime Minister Kyriakos Mitsotakis announced on Friday that the government is contemplating an increase in the minimum investment required for foreign property buyers to be eligible for a Golden Visa. 

HDN Newsroom

The proposed measure is set to target areas with higher rental prices, aiming to manage the surge in demand for housing.

"We are discussing a further increase in the threshold for investment, which will cover all areas where there is significant pressure on rents," Mitsotakis told to lawmakers in Athens.

Greece has already taken steps to double the investment threshold for obtaining a Greek visa through property investment in popular destinations such as Athens, Thessaloniki, Mykonos, and Santorini. In these locations, investors are currently required to spend a minimum of €500,000 to access the coveted 'Golden Visa' program, while the threshold in the rest of the country remains at €250,000.