Back in September 2022 the Greek Prime Minister announced that the country would increase the minimum Golden Visa Investment threshold from €250,000 to €500,000 in 36 municipalities across the country, namely Athens and several surrounding locations, Thessaloniki, Mykonos and Santorini. At the start of this year it was announced that the transition period for the price rise would begin from May 2023, meaning all those wishing to invest at the lower level would need to have paid at least a 10% reservation fee on their chosen investment property by 30th April 2023.

The new legislation approving the price increase has now been officially approved, but with an extension on the deadline, which will now run until 31st July 2023

Prospective investors looking to purchase real estate in the above-mentioned areas, for the purpose of the Greek Golden Visa programme should act immediately in order to initiate this process by July. With just over three months to go, La Vida’s experts will be able to assist you with the entire process from suggesting suitable real estate options and assisting you with your residency application.

Please contact us to find out more and start your application.

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Tags: greece, residency visa

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