As with the Portugal Golden Visa we explored in the last issue, the Greece Golden Visa (or Greece Investment Residence Permit) remains one of Europe’s most accessible residency programmes for non-EU nationals.
Even with the recent changes to the minimum investment thresholds, the Greece Golden Visa continues to offer multiple property-based routes to residency, with these amendments helping to ensure long-term sustainability and flexibility of the program.
Some high-demand areas such as Attica (including central Athens and Piraeus), Thessaloniki, Mykonos, Santorini, and any island with over 3,100 inhabitants now require a minimum real estate investment of EUR 800,000; whereas for all other locations across the country, including hidden gems and charming mainland towns, the entry point remains lower at EUR 400,000. For those willing to think creatively, a EUR 250,000 investment remains possible. either by converting commercial properties into residential use or restoring buildings of cultural or historical significance.
The Greece Golden Visa allows applicants (and family members) to obtain a five-year renewable residence permit, with no minimum stay requirement and no language test, unless pursuing eventual citizenship. Greek residents are able to enjoy the same benefits as Greek citizens, notably access to free public healthcare and education, and enjoy the freedom to travel throughout the Schengen Area for up to 90 days within any 180-day period.
Although the profiles of applicants are fairly varied, we would say that they usually have in common a love for Southern Europe, rich historic culture, and the desire to spend quality time in Greece, either during holidays or upon retirement. The real estate option enables investors to acquire a holiday home to welcome annual family reunions.
From its ancient cities to its hundreds of islands, Greece offers a lifestyle that is relaxed, safe, and rooted in culture. It is quite simply a beautiful place to spend time. From an investment perspective, Greece offers affordable entry into the EU property market, with low annual property tax, no wealth tax, and potential for long-term capital appreciation.