Greece just submitted a draft bill containing sweeping changes to its Golden Visa to parliament for ratification in a bid to address property price inflation in its most popular areas. (See Bloomberg’s coverage here.)
Assuming the new Greek Golden Visa draft bill passes unamended:
– All of Attica (including Piraeus) as well as all islands with less than 3,100 inhabitants will be priced at €800K going forward, with the rest of the country priced at €400K.
– No more Airbnb or short-term letting of Golden Visa properties.
– Properties have to be bigger than 120m2.
However…
– Properties converted from commercial to residential will be priced at €250K, regardless of location. (To get your GV, you have to complete the conversion first.)
– The restoration of listed buildings will qualify for the €250K price tier as well. (The renovation must be completed within 5 years if you’d like to renew your GV, and you cannot use it as corporate head offices.)
The good news is that there will be a generous grace period – you can still qualify under the old rules by getting a 10% deposit down by September 30th, 2024, and completing the deal by December 31, 2024.
Get your Greek Golden Visa – before the price goes up
You DO still have time – but not a lot: The old rules remain in effect until the new ones are ratified, so contact us now to take advantage of this closing window of opportunity.
VIEW THE CURRENT PRICING MAP HERE
There is a lot more to this story. Reach out to us now at contact@goldenvisas.gr to learn more and get your Golden Visa application started today.
