25 December 2024, Athens

Today, various Greek media outlets are reporting that Greece has extended the deadline for Golden Visa investors to complete their real estate transactions. Applicants who paid a 10% deposit on a property in Greece by August 31, 2024, now have until February 28, 2025, to finalize their property purchase.

This extension is designed to offer greater flexibility, enabling applicants to take advantage of the earlier, lower investment thresholds (€250,000–€500,000) before higher thresholds are introduced in specific regions.

This postponement follows Greece’s adjustments to its Golden Visa Program in September 2024, aimed at addressing the local housing crisis.

Among these changes is an increase in the minimum investment requirements for high-demand locations such as Santorini, Mykonos, and the Attica region – unless applicants invest in so-called Conversion Category Properties.

Moreover, the country recently introduced an Innovative Startup option, however exact guidance and regulations are yet to be released by the Greek authorities.

Despite these changes, Greece’s Golden Visa Program continues to attract strong interest.

In October 2024, over 12,500 initial applications were submitted—a 12% rise from October 2023, when over 11,200 applications were filed.

The top source nationalities for the program in October 2024 included applicants from China, Turkey, Lebanon, the United Kingdom, and the United States.