The Golden Visa new limits, main direction is to increase the investment limit for obtaining the Golden Visa, in order to put a brake on the frenetic pace of demand recorded in the expensive areas of the two major urban centers (Athens and Thessaloniki).
The funds that entered the country from abroad through the golden visa exceeded 4.3 billion euros in total. First in the ranking for the purchase of real estate through the Golden Visa are the Chinese, while a significant increase is recorded from the countries of the Middle East and also from the United Kingdom.
However, with the property market rally continuing and the housing crisis acute for households, the government is moving ahead with changes to the Golden Visa scheme this week.
With the new changes, many areas of Attica will become very expensive for foreign investors from third countries, who wish to obtain a residence permit through the golden visa program. The new Golden Visa map will provide for three price levels, with the upper limit reaching 800,000 euros, while there will be special care for investments in conservation properties. The changes will be activated in May, and according to the scenarios, new limits are established depending on the geographical location in which the property is located.
In areas where real estate prices have jumped in recent years, as they are a pole of attraction for foreign investors, such as in the districts of the northern and southern sectors of Attica, especially the part of the coastal Riviera, the center of Thessaloniki, Mykonos and Santorini, the Golden Visa limit is being considered to rise to 800,000 euros from 500,000 euros today.
In the areas where real estate prices and sales have increased in recent months, such as Piraeus, the investment limit for a golden visa will rise from the current 250,000 euros to 400,000 euros or 500,000 euros.
Source Ministry of Interior 11/3/2024