Greek Golden Visa Threshold To Increase

August 2024 marks the final month to purchase a property in mainland Greece and select Greek islands with the €250,000 threshold for the Golden Visa programme. Currently, investors can access a Golden Visa with a €250,000 investment (in certain areas and islands). However, from September 2024 the threshold will be raised to €800,000, more than triple.

Many leading Greek developers, are therefore imploring potential investors to make haste and secure their purchases now, as it’s a ‘now or never’ situation. The first milestone to be part of the current programme will enable investors to have paid 10% of the unit value and signed a ‘sale agreement’ by end of August.

The Golden Visa programme was first introduced in Greece in 2013 and has enabled thousands of purchasers to invest in Greek property and obtain EU citizenship. Popular amongst American, Asian and African buyers, the Golden Visa also became prominent amongst British investors after the EU referendum in 2016, enabling a continued freedom of movement for Brits looking to work and live in Europe.

Pantelis Leptos, Co-President of Leptos Group of Companies said: “The €250,000 threshold for Golden Visa applicants is about to rise to over triple at the end of August. The next few weeks signifies the last chance to invest in Greek property, reap the benefit of the permanent residency and obtain European residency. Leptos Estates have selected a collection of homes for sale across the Greek Islands that would enable an investor to purchase as soon as possible. It is also a gateway to obtaining the EU residency.

Leptos Estates is the leading provider of new homes in Greece and Cyprus. For more information contact Leptos Estates on Tel: +357 26880120 (Cyprus), +30 28210 20830 (Greece), +44) 208 883 2333 / (+44) 788 767 3342 (UK), email: info@LeptosEstates.com or visit: www.leptosestates.com.