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Greece Considers Golden Visa Investment Hike: Prime Minister Announces Potential Increase to €800,000 Threshold


While the lower limit for Greece’s Golden Visa Program will continue to remain at €250,000, the further increase for this scheme announced recently could reach €800,000 in some cases.

Such an announcement has been confirmed by the Prime Minister of Greece, Kyriakos Mitsotakis, who stressed that the minimum investment for third-country nationals in order to acquire Golden Visas could rise up to €800,000 for real estate investments in certain parts of the country.

Announcing the increase, Mitsotakis stressed that the €250,000 threshold will remain for areas with no residential pressure.

What we are discussing with the finance minister is a further increase in the threshold for golden visa investments, and it will concern all areas where rents are high. It can go to €800,000 euros.


Greece’s PM also stressed that the government might make people who buy properties through the Residency by Investment scheme agree to rent them out for a long time, according to a report from the Greek Reporter.

“It’s convenient to attribute blame to a single villain for every complex issue,” he emphasised, adding that only 7 per cent of real estate transactions in recent years were connected to the Golden Visa.

Earlier this month, Greece’s Economy and Finance Minister, Kostis Hadjidakis, announced that the country plans to increase the investor visa threshold required for the Residency by Investment scheme again in order to bring more “significant investments” to the country and also reduce the number of visas granted.

According to the Minister, the new changes aim to address market distortions while also balancing the real estate market. Hadjidakis considered that the new changes aim to increase the availability of properties for rental, respect the rights of owners, and support construction.

Among the most favourite options for acquiring residency in the Hellenic Republic is buying a property. In addition, the statistics from the Migration Ministry of Greece showed that for over a decade that the scheme has been operating, nearly €5.54 million have been brought into Greece’s real estate market through the Golden Visa Program.

At present, Greece is dealing with a housing shortage. Greece’s Minister of Economy and Finance said that the new changes aim to reduce the increasing prices of buying and renting properties.

From August 1 last year, Greece increased the minimum amount of investment required for the issuance of a golden visa from n visa from €250,000 to €500,000 in some parts of the country, including Mykonos and Santorini, the Municipality of Thessaloniki, and the Greater Area of Athens.

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Monte OZ
Monte OZ is a highly accomplished and respected international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger based in Africa. With a passion for storytelling, a sense of adventure, and an eye for all things captivating, Monte has become a prominent figure in the world of travel, entertainment, and lifestyle journalism. Born and raised in Africa, Monte developed a deep appreciation for the continent's diverse cultures, rich heritage, and vibrant entertainment scene. His upbringing fueled his desire to share Africa's untold stories and showcase its dynamic lifestyle to a global audience. Monte's extensive experience and expertise have made him a sought-after authority on all things related to travel, adventure, entertainment, and lifestyle in Africa. As an international freelance journalist, Monte has made significant contributions to various prestigious publications worldwide. His captivating articles, insightful interviews, and engaging features have graced the pages of leading entertainment magazines, lifestyle publications, and reputable news outlets. Monte's unique ability to capture the essence of Africa's entertainment and lifestyle scene has garnered widespread acclaim and recognition. With a love for exploration and a thirst for adrenaline, Monte also thrives as an active adventure reporter. He has embarked on daring expeditions, immersing himself in Africa's wild landscapes, and documenting his adrenaline-pumping experiences. Whether it's conquering treacherous peaks, exploring remote jungles, or engaging in heart-pounding activities, Monte's adventurous spirit and daring escapades inspire readers to embrace their own sense of adventure. In addition to his work in journalism and adventure reporting, Monte is a leading entertainment & lifestyle blogger in Africa. Through his influential blog, he offers readers an insider's view of the continent's vibrant entertainment scene, trendy hotspots, fashion trends, culinary delights, and cultural experiences. Monte's unique blend of storytelling, personal insights, and expert recommendations has made his blog a go-to resource for entertainment and lifestyle enthusiasts seeking the pulse of Africa's dynamic culture. Beyond his professional pursuits, Monte is a passionate advocate for promoting Africa's talent, creativity, and cultural diversity. He actively supports and champions emerging artists, musicians, designers, and entrepreneurs, helping to showcase their work to a broader audience. Monte's dedication to promoting Africa's vibrant entertainment and lifestyle industry has positioned him as a respected influencer and tastemaker within the African and global entertainment communities. With a commitment to excellence, a passion for exploration, and a talent for captivating storytelling, Monte Oz continues to captivate audiences worldwide. As an international freelance journalist, travel and active adventure reporter, and leading entertainment & lifestyle blogger, his work has left an indelible mark on the world of journalism, travel, and entertainment, solidifying his position as a trusted authority and go-to resource for all things related to African travel, adventure, and lifestyle.