going to raise the minimum threshold for obtaining a Golden Visa in 2024

The Greek authorities have announced changes to the Golden Visa program from February 1, 2024. Now the minimum threshold for real estate investments to obtain this privileged status will be €250,000. These changes are aimed at regulating the demand for Golden Visa and combating rising real estate prices.

After a thorough analysis of the market, the Greek government decided to increase the minimum investment amount. This step was taken in order to maintain the competitiveness of the program and ensure the stability of the real estate market.

The changes will affect various locations, including regions where the threshold will remain at €250,000. In places like Piraeus, real estate sales are actively growing. However, in the center of Athens and some other suburbs, where the minimum amount has already been increased, the situation will change.

The Greek authorities considered various options for changes, but decided to stop at the level of €250,000. This decision was made after taking into account the current market dynamics and forecasts for the future.

Minister of National Economy and Finance Kostis Hatzidakis stressed that measures have been taken to limit the program, but there will be exceptions for facilities requiring special support. This will attract more substantial investments in key sectors.

In comparison with similar programs in Europe, the Greek Golden Visa remains one of the most attractive. The low threshold of €250,000 is its main competitive advantage.

Despite the increase in the minimum amount in some locations, there are still attractive areas for foreign investors. The program remains flexible and continues to attract the attention of investors.

Statistics from the Ministry of Immigration Policy indicate an increase in the number of permits for investors from the UK and Israel. This indicates a constant interest in the Greek program among foreign investors.

The introduction of changes to the Golden Visa program underscores the Greek government's willingness to adapt to market conditions. While maintaining the attractiveness of the program and taking into account the interests of investors, these steps will ensure the stability and long-term effectiveness of the program.