Greek Govt. Announces New Golden Visa Rules: 4 Price Tiers From €250,000 to 800,000
Short-term rental is forbidden, but investors can qualify at EUR 250,000 throughout the country by renovating or converting properties.
Read MoreShort-term rental is forbidden, but investors can qualify at EUR 250,000 throughout the country by renovating or converting properties.
Read MoreOfficials are reportedly debating whether to include a ban in the new set of real estate rules it plans to bring to parliament “next week.”
Read MoreFund investments become cheaper and are likely to become more popular with the expected introduction of higher real estate minimums.
Read More“The most likely scenario is now a EUR 400,000 threshold for most of Greece, and EUR 800,000 in places like Athens,” says Alexander Varnavas.
Read MoreThe news is likely to vex golden visa developers who had pivoted to neighborhoods near – but not within – Athens, like Piraeus.
Read MorePM Mitsotakis will also consider the opposition’s proposal to oblige golden visa investors to put their properties up for long term rental.
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Read MoreApplication volume for Greek golden visas nearly doubled last year, despite price hikes. Now, the government plans to raise prices again.
Read MoreNew data from The Economist indicate shares in Greek companies have been the best-performing golden visa asset over the last year.
Read MoreThe golden visa has raised EUR 45 million per WEEK for Greece in 2023. Now, the socialist opposition wants to end the program.
Read MoreWhile application volume is up 262%, processing is up only 142%. Net result: A sudden and unprecedented backlog worth EUR 1.75 billion.
Read MoreHarvard-educated economist PM Mitsotakis’s securing a clear majority in parliament saw the value of Greek assets rise instantly.
Read MoreGreece’s backlog now numbers nearly 16,000 (about 5,000 main applicants), which, when converted to golden visas, will net billions for Greece.
Read MoreBuoyed by fewer competitors and an impending price hike, the program’s application volume has ballooned. So has its backlog of pending cases.
Read More“This extension relieves the stress of investors,” commented Alexander Varnavas of Athens-based Varnavas Law on the news.
Read MoreGreek Golden Visa authorities are struggling to keep up with mushrooming demand. Applications in the backlog now number at least 3,700.
Read MoreGreece offers investors, retirees, and business owners the opportunity to pay a sharply reduced tax rate for up to 15 years.
Read MoreWhen Greece last year announced golden visa investment requirements would increase, prospective investors worried. They needn’t have.
Read MoreWhen Greek Prime Minister Mitsotakis announced the price increase for golden visa real estate in September, investors reacted immediately.
Read MoreOnly one in ten Greek municipalities are subject to the new EUR 500,000 golden visa property investment minimum, write Georgaki & Partners.
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