Greece’s Golden Visa Program Gains Momentum

The Greece Golden Visa program continued to show impressive results in 2023, attracting significant investments to the country. According to the publication Ekathimerini, last year Greece approved 4,444 applications for permanent residency by investment. In January and February of 2024, another 664 statuses were issued.

Purchasing Greek real estate remains the most popular option among investors. Since the launch of the Golden Visa program, foreigners have acquired 24,000 properties with a total value of 6 billion euros.

A new investment threshold

Greece recently set a new investment threshold:

  • 800,000 euros for properties in Attica, Thessaloniki, Mykonos, Santorini, and islands with a population of more than 3,100 people.
  • 400,000 euros for properties in less popular regions.

The increase in the minimum investment threshold has sparked additional interest in Greek real estate from foreign investors. Media forecasts predict that foreigners will be actively purchasing properties to participate in the program over the next six months.

Permanent residency in Greece through investment

To qualify for permanent residency in Greece under the old conditions through real estate purchase, one must:

  • Make a deposit of 10% by August 31, 2024.
  • Complete the transaction by December 31, 2024.
  • Apply for residency after closing the transaction.

Obtaining Greek residency status through investment offers several advantages:

  • Permanent residency for the investor and their family members.
  • The right to free movement and residence within the Schengen Area.
  • No residency requirements.
  • Favorable tax regime.

Mercury Group specialists are ready to provide individual consultations on the Greece Golden Visa program, select optimal investment properties, and prepare the necessary documents.

Just contact us!

info@mercuryestate.com

 

Properties in Greece

€ 500 000 Apartment, For sale
ID: GR-35-173944 Greece, Athens, Athens city
€ 630 000 House, For sale
ID: GR-35-173664 Greece, Peloponnese, Peloponnesus
€ 2 500 000 House, For sale
ID: GR-35-173528 Greece, Crete, Crete
€ 840 000 Apartment, For sale
ID: GR-35-173395 Greece, Athens, Athens city
€ 630 000 House, For sale
ID: GR-35-173394 Greece, Macedonia and Thrace, Kassandra - Halkidiki
€ 980 000 House, For sale
ID: GR-35-173008 Greece, Crete, Crete

Special offers of real estate abroad

upon request House, For sale
ID: LV-1529 Latvia, Jurmala and region, Asari
upon request Apartment, For sale
ID: LV-163139 Latvia, Jurmala and region, Bulduri
€ 2 800 000 Mansion, castle, estate, For sale
ID: IT-39-165406 Italy, Toscana, Siena
€ 6 500 000 House, For sale
ID: ES-248-170785 Spain, Costa del Sol, Marbella
€ 720 000 Apartment, For sale
ID: LV-163935 Latvia, Riga, Centre
€ 33 540 000 Penthouse, For sale
ID: OW-OAE-165616 UAE, Dubai, Dubai Marina
Would like to receive the best website experience? Agree to our Cookie policy.