The possibility of increasing the investment limit for foreign citizens under the “Golden Visa” program to even 800,000 euros was left open by Greece’s Prime Minister Kyriakos Mitsotakis, during his speech at the “Prime Minister’s Hour” in parliament.
Specifically, Prime Minister Kyriakos Mitsotakis referred to the possibility of a new increase in the investment threshold that would apply to all those areas experiencing pressure on rental price increases.
“We will soon announce further increase in the investment limit,” noted the Prime Minister, as he is in discussions with the Ministry of National Economy regarding the procedural aspects of the matter and added, “and I am referring to urban centers and islands. It could go up to 800,000 euros.”
However, the scenario remains open for maintaining the lower limit of 250,000 euros in areas without residential pressure, as is the case in Portugal, in order to actually create new demand and increase investments.
It is reminded that since last year, prospective property buyers aiming to obtain a golden visa in the Regional Units of Northern, Central, and Southern Athens of the Attica Region, Mykonos, Santorini, and the Municipality of Thessaloniki, are required to pay at least 500,000 euros.
