🌟 Major Update for Investors on Greek Golden Visa Program!🌟
The finance minister has announced new criteria for the 5-Year Greek residency program, effective March 31st, once the relevant amendment is expected to be voted in:
📍 In Attica, Thessaloniki, Mykonos, Santorini, and islands with a population over 3,100, the property value requirement rises to €800,000.
🌅 For other regions, the investment threshold is set at €400,000.
🏠 Each investment must be in a single property with a minimum area of 120 sqm.
🏛️ The €250,000 limit remains for investments in heritage buildings, provided they are restored.
🏗️ For industrial buildings converted into residences, the threshold is €250,000.
🚫 Investments in new properties acquired will not qualify for short-term rentals, including Airbnb.
🔄 Adjustment Period Details for Greek Golden Visa Applicants (Before Final Vote):
✍️ Third-country nationals who fulfill payment or pay a 10% deposit, sign a preliminary contract, or a private purchase agreement, showing the related credits by September 30, 2024, can complete their investment by December 31, 2024, under the current conditions.
🔄 In these cases, if the property purchase is not finalized, the investor may complete their investment in another property under the existing terms, but not after April 30, 2025.
Contact us for personalized guidance through the new Greek Golden Visa process!
What is the definition of short term ?
Then if we already have the GV and buy another property this is not as a GV surely and can be rented
"Investments in new properties acquired will not qualify for short-term rentals" - does it mean that properties acquired before 5.4.24 are still qualify for short term rentals and the new rule applies only to "new" owners?
What about properties that were purchased already in the Golden Visa Scheme and the status of the owner is already approved? They are also prohibited from short term rentals?
I need know