No, the Greek Golden Visa is a top-selling program in the EU, and despite its investment thresholds being raised (from €250,000 to €500,000+) in some central areas of Athens and Thessaloniki, Santorini and Mykonos, the Greek authorities have expressed no plans of terminating this massively successful residency by property investment program in 2024.
And as things stand, the 2023 price increase affects less than 10% of all locations in Greece.
While demand for the program had sky-rocketed in the lead-up to the price increase deadlines, applications are still getting processed within acceptable timelines as of November 2023. If you’re looking for access to quality residential property stock — and off-plan opportunities, in particular – feel free to get in touch.
Especially at €250K, the Greek Golden program still offers unrivalled value (only the Hungarian Property Golden Visa, priced from only €250,000 excluding fees, matches it).
Portugal used to offer a real-estate based option priced at €280,000, but the Portuguese authorities scrapped all of their program’s real estate investment options earlier in 2023.
And whilst both Ireland, the UK and the Netherlands have all terminated their Golden Visa programs, the Greek and Spanish Golden Visas remain stable and reliable going into 2024.
To find out more about your available investment options, both in Greece and for any of the other European Golden Visa programs, talk to us today.