Greece Golden Visa Investment Limit Increase Pushed Back

Photo © Greek Travel Pages

The Greek government has postponed increasing the 250,000-euro threshold for the acquisition of an investor visa to July 31 from the initial May 1 date previously announced.

This means that under Greece’s current golden visa program buyers will be able for three more months to benefit from the 250,000-euro minimum for property purchases in Greece and be granted five-year residency rights.

According to the new announcement, on July 31, the 250,000-euro minimum to be invested in property in Greece will increase to 500,000 euros for certain areas, including the center of Athens, the northern and southern suburbs of Attica, Thessaloniki, Halkidiki, Mykonos and Santorini.

The 250,000-euro limit will continue to apply for Piraeus and the eastern and western Attica suburbs.

Photo source: European Parliament

Meanwhile, aiming to take advantage of the current threshold, the number of interested buyers has increased. Indicatively, online searches for information about Greece’s golden visa program rose by 75.2 percent in March, while the number of applications for Greek investor visas from high net-worth US citizens grew by 740 percent in 2021, according to Astons data.

Indicative of the demand, according to Greek Immigration and Asylum Ministry, the number of investor visa applications increased by 252 percent to 1,446 applications in the first two months of the year compared to 411 in the same period in 2022.

In the same period, the number of golden visas granted grew by 101 percent to issued was 574 last year.