Planned changes to the Greek Golden visa program golden visa 2024

The threshold for obtaining a "Golden Visa" will be significantly increased, announced Prime Minister Kyriakos Mitsotakis. The Greek government plans to raise the lower limit of investments in the Golden Visa program to 800,000 euros in certain cases. At the same time, the minimum amount of 250,000 euros will remain for regions with lower demand. As part of the new measures, the government will also activate financial instruments for the use of unused real estate. The acute housing shortage that has emerged in recent years has prompted the Government to seek solutions to alleviate the situation, especially in the rental sector. Prime Minister Mitsotakis noted that the increase in the price of the "golden visa" has led to increased pressure on Western Athens. He also supported the opposition's proposal to ban short-term rental of real estate purchased under the Golden Visa program, and suggested focusing on long-term rentals or own accommodation. The Greek Golden Visa program remains in demand in the housing market, partly due to its relative accessibility compared to similar programs in other European countries.