This February, during parliamentary hearings, Greek Prime Minister Kyriakos Mitsotakis proposed raising the minimum investment for a Greece Golden Visa to € 800,000. The politician cites the lack of affordable housing for the population as the reason. Despite the radical nature of this proposal, Prime Minister Mitsotakis would not like to set such a high cost of real estate for golden visa applicants in all municipalities. But only in big cities and on islands. At the same time, he emphasized that in regions without a housing shortage the threshold will remain at €250,000. Despise of the Prime Minister’s words, Greece golden visa is now an instrument for renovation of cities important infrastructure such as affordable housing for students in Piraeus. Thus, there is more affordable housing, thanks to applicants for this program.
The Greece Golden Visa will allow the investor to reside temporarily or permanently in Greece and travel around the Schengen countries without issuing a visa (90 days every six months).
Thus, the Greece Permanent Residency Program gives the investor and his family members visa-free access to Italy, France, Germany, Switzerland, in total 27 countries of the European Union.
How has the program Greek Golden Visa changed in 2023?
Let us remind you that the conditions for participation in the Greek Golden Visa program have already changed in 2023. Then the minimum investment in real estate in 36 popular municipalities of Greece (including Attica, Mykonos, Santorini and Thessaloniki) increased from €250,000 to €500,000. Despite this, by the end of 2023, the demand for the Greek Golden Visa increased by 65%. It is important to note here that the cost of participation in the program is quite low compared to other similar offers in Europe.
