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Greece Golden Visa , Talk to a Greece Golden Visa Advisor

7 January, 2025

Main Conditions

Investment in Property:

€800,000: Athens, Thessaloniki, Mykonos, Santorini, Evia and islands with >3,100 residents (in a property, >120 sq m. if built).

€400,000: Other areas (mainland Greece except Attica/Thessaloniki, small islands) (in one property, >120 sq m. if built).

€250,000: For the purchase of commercial property and conversion into a residence (with specific conditions) or investment in tourist accommodation (lease/timeshare).

For the Attica Region, the Thessaloniki Regional Unit of the Central Macedonia Region, the Mykonos and Thira Regional Units of the South Aegean Region and for the islands with a population of over 3,100 residents, the minimum acquisition value of the real estate at the time of its acquisition is set at €800,000. In particular, if it is a structured real estate or a property for which a building permit has been issued, a minimum area of 120 sq m of main premises is required.

For the other regions of the country, the minimum acquisition value of the real estate, at the time of its acquisition, is set at €400,000.

Specifically, in the case of investment through the purchase of real estate and provided that its main premises are changed into a residence, the minimum acquisition value of the real estate, at the time of its acquisition, is set at €250,000.

Furthermore, in cases of investment, through the purchase of real estate consisting of a listed building or part of a listed building to be restored or reconstructed or within which a listed building is located, the minimum acquisition value of the real estate, at the time of its acquisition, is set at €250,000.

The transfer – in the latter case – of the property, before its full restoration or total reconstruction is completed, is invalid, the residence permit is revoked and an independent administrative fine of €150,000 is imposed.

Prohibition on renting out properties as AirBnB:

Properties acquired in full ownership and possession by third-country nationals for the initial granting or renewal of an investor residence permit are prohibited from being rented out on a short-term basis, within the framework of the sharing economy, as well as from being subleased. Furthermore, properties that are converted into a primary residence are not permitted to be used as a head office or branch of a business. In case of non-compliance with the above, an independent administrative fine of €50,000 is imposed on the owners and/or holders of the properties.

Finally, and with regard to the transitional provisions, the following are provided:

– Investor residence permits, which have been granted to third-country citizens, based on the provisions of articles 20 of Law 4251/2014 and 92 of Law 5007/2022, remain in force and are renewed – provided that the conditions that were in force at the time of their granting continue to be met.