Minimum investment amount for property acquisition under Greece Golden Visa program will be raised to €500,000
On 10 September, Greek Prime Minister Kyriakos Mitsotakis made an announcement and stated that the minimum investment amount for property acquisition under Greece Golden Visa program will be raised to €500,000. In his speech, Mitsotakis emphasized that this change is to the affordability of real estate for Greeks.
Greece Golden Visa property acquisition investment amount is currently €250,000 and one of the lowest amounts among Europe’s popular residency by investment schemes.
- The investment amount for Greece Golden Visa property acquisition route will be increased to €500,000 from €250,000.
- With this change, the Greek government aims to make Greece’s real estate market more affordable for the locals.
- No geographical changes or restrictions for property acquisition have been announced.
- The exact date when the changes will come into effect is to be clarified soon.
What Should Investors Expect from Greece Golden Visa Changes?
While the upcoming change on Greece Golden Visa aims to make property acquisition more affordable for the locals, it’s expected that foreign investors will speed up their application to benefit from the current €250,000 threshold.
Source: Get Golden Visa
Published: September 12, 2022