Changes are being made to the Greek Golden Visa law, introducing a "three-phase" system of investment restrictions based on the location of properties.
Starting May 2024:
· In prestigious tourist zones:
- The minimum investment amount will increase to 800,000 euros (from 500,000 euros).
- Examples of such zones include the northern and southern sectors of Attica, the eastern part of the Athens Riviera, the center of Thessaloniki, Mykonos, and Santorini.
· In "average" regions:
- The minimum threshold will rise to 400,000 or 500,000 euros (from 250,000 euros).
· In regions with low demand:
- The minimum amount will remain at 250,000 euros.
Final decisions on the "three·phase" system will be announced next week.
Objectives of the changes:
- Stimulate investments in less developed regions of Greece.
Stay tuned for updates on:
- Final decisions regarding the "three-phase" system.
- Impact of changes on the real estate market.
Additional Information:
This information is provided for informational purposes only and is not legal advice.
