The Greek government has announced an extension until February 28, 2025, for the Golden Visa program with the old threshold of 250.000 and 500.000 euros in real estate investment. This decision directly impacts thousands of investors who had already made down payments of 10% and signed pre-contracts but faced delays in finalizing their final purchase contracts due to specific conditions.
The extension applies exclusively to investors who have already made down payments of 10% on the agreed price and signed pre-contracts by December 31, 2024. This additional time is expected to:
- Facilitate the completion of final purchase contracts.
- Prevent potential legal disputes.
- Enhance liquidity in the real estate market.
By granting investors additional time to finalize their transactions, the government aims to safeguard substantial financial inflows, preserve investor confidence, and maintain Greece’s appeal as a destination for foreign capital.
It is reminded that a new Golden Visa program has been implemented and is now in full force requiring a minimum investment on real estate of 400.000 euros in most territorial areas of Greece except for the areas of Thessaloniki, Mykonos, Santorini, the Region of Attica, and the islands with a population of more than 3.100 inhabitants where the threshold now stands to 800.000 euros.
To know more about the new Greek Golden Visa program please visit here.
Law Office Stathaki can help you apply for a Golden Visa investor’s residence permit and navigate this process with professional and to-the-point advice. Contact us today here.
