Golden Visa

In particular, for the Region of Attica, the Regional Unit of Thessaloniki of the Region of Central Macedonia, the Regional Units of Mykonos and Thira of the South Aegean Region  and for the islands with a population, according to the last census, of more than three thousand hundred (3,100) inhabitants, the minimum acquisition value of the real estate at the time of its acquisition, are set at eight hundred thousand (800,000) euros. It is noted, following questions, that Evia is an island region, according to the current provisions, and falls under the limit of 800,000. For the rest of the country, the minimum acquisition value of the immovable property at the time of its acquisition, are set at  four hundred thousand (400,000) euros.

The new provisions extend to all cases the restriction that the minimum investment value concerns only one property. Also, a minimum surface area limitation is introduced in approx. where a minimum area of main areas of one hundred and twenty (120) square meters is required. The limitation of the minimum area does not apply in cases of nonbuilt immovable property or immovable property for which no building permit has been issued (indicatively, a plot of land is mentioned, stadium).

Introduces the possibility of investing through purchase in real estate, provided that its main spaces change into a residence, with a minimum acquisition value of two hundred and fifty (250,000) euros at the time of its acquisition.  The investment is likewise carried out on a single property, without applying restrictions on the surface area of the main premises (i.e. the limit of 120 m² does not apply) and the change of use must be completed before submitting the application for the permanent residence permit of an investor. At this point, it is clarified that the above change of use should be completed after the entry into force of article 64 of v. 5100/2024, i.e. from 05.04.2024 onwards, while the change of use can be carried out either by the buyer or by the seller of the property (the investor’s franchisor). The above also covers cases of investment through purchase in real estate consisting of an industrial building or part of an industrial building or within which an industrial building is located and if, Especially for these cases, for at least the last five (5) years, there has been no established and operating industry without applying restrictions on the surface of the main premises (i.e. the limit of 120 sq.m. does not apply). It is possible to invest through the purchase of real estate, in case it consists of a listed building or part of a listed building to be restored or reconstructed, or in which a listed building is located, with a minimum acquisition value of two hundred and fifty thousand (250,000) euros at the time of its acquisition. The above cases include investments in real estate resulting from interventions or additions in height or extension to listed buildings to be restored or reconstructed or the addition of new independent buildings on plots or land on which listed buildings are to be restored or reconstructed. The investment is also carried out on a single property, without, in this case, applying restrictions on the surface of the main premises (i.e. the limit of 120 m² does not apply).

It is possible to invest through the purchase of real estate, in case it consists of a listed building or part of a listed building to be restored or reconstructed, or in which a listed building is located, with a minimum acquisition value of two hundred and fifty thousand (250,000) euros at the time of its acquisition. The above cases include investments in real estate resulting from interventions or additions in height or extension to listed buildings to be restored or reconstructed or the addition of new independent buildings on plots or land on which listed buildings are to be restored or reconstructed.

The investment is also carried out on a single property, without, in this case, applying restrictions on the surface of the main premises (i.e. the limit of 120 m² does not apply).