Changes are being made to the Greek Golden Visa law, introducing a "three-phase" system of investment restrictions based on the location of properties.

Starting May 2024:

· In prestigious tourist zones:

• The minimum investment amount will increase to 800,000 euros (from 500,000 euros).
• Examples of such zones include the northern and southern sectors of Attica, the eastern part of the Athens Riviera, the center of Thessaloniki, Mykonos, and Santorini.

· In "average" regions:

• The minimum threshold will rise to 400,000 or 500,000 euros (from 250,000 euros).

· In regions with low demand:

• The minimum amount will remain at 250,000 euros.

Final decisions on the "three·phase" system will be announced next week.

Objectives of the changes:

• Stimulate investments in less developed regions of Greece.

Stay tuned for updates on:

• Final decisions regarding the "three-phase" system.
• Impact of changes on the real estate market.

Additional Information:

This information is provided for informational purposes only and is not legal advice.