As we come close to the end of 2024, the Greece Golden Visa program has another significant update. Greece Golden Visa investors who made a 10% deposit on a Greek property before August 31, 2024, are now allowed to extend the process of finalizing their contracts. With this extension, the goal is to provide additional flexibility to the investors and ensure that the eligible applicants for the Greek Golden Visa can finalize their property agreements and still apply under the previous investment thresholds for the Greece Golden Visa.
If you are an investor and you are currently in the process of completing your contracts, with the new update, you have now until February 28, 2025, to finalize your property agreements and remain eligible to apply under the current investment thresholds of €250,000-€500,000. This new announcement gives extra time after the previously stated deadline, which was December 31, 2024. You now have more time to benefit from the existing system of the Greece Golden Visa.
Besides, the previously announced changes to the Greece Golden Visa requirements are now implemented for all new investors, and the changes have been active since September 1st, 2024. The minimum real estate investment required to receive a Golden Visa has been raised to €800,000 in the Regional Units of Thessaloniki, Mykonos, Santorini, the Region of Attica, and islands with populations of more than 3,100. In all other places, the minimum investment remains €400,000. In addition, the investment must be in a single property with a minimum area of 120 square meters.
If you are curious about all the details, you can check out our comprehensive guide for the Greece Golden Visa Program.
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