Greece is changing the Golden Visa program to ease property market pressure. Investors seeking residency will now need to invest at least €800,000 ($873,280) in popular areas. This adjustment aims to boost long-term rentals and reduce housing costs’ impact.
Starting March 31, investors must buy one property worth at least €800,000 in specified areas. This change comes after a previous increase in investment requirements last August.
Greece received over 25,000 Golden Visa applications, mostly from Chinese and Turkish investors. The demand for homes in Athens has risen due to foreign interest and the program’s affordability, leading to higher rental rates.
Greece Golden Visa, Investment Rules, Visa Policy Change, Residency Requirements, March 31 Deadline