Citizens of third countries can purchase a property and obtain a Golden Visa based on the “old” rules until August 30.
However, a transitional period is foreseen so that the transition to the new system is carried out smoothly without disrupting the operation of the market, based on the following conditions:
Third-country nationals who will pay the price or pay a 10% advance, or sign a pre-contract or private purchase agreement, proving the relevant credits until August 30, 2024 can complete their investment until December 31, 2024 with the conditions that applied until now.
In these cases, if the purchase of the property is not completed, the buyer can complete his investment in another property always under the conditions that applied until now, but in any case, not after April 30, 2025.
Based on the new regime voted in Parliament, the following conditions will apply for the granting of a 5-year residence permit to citizens of third countries (Golden Visa):
In the Region of Attica, the Regional Units of Thessaloniki, Mykonos and Santorini and on the islands with a population of over 3,100 inhabitants, the value of the real estate that the interested party must own increases to 800,000 euros.
In the rest of the country, the value of real estate is set at 400,000 euros.
In any case, the investment must be made in one property (not in several properties of lesser value) with an area of at least 120 sq.m.
