WHAT CAN YOU STILL BUY WITH 250.000 EUROS?
YOU CAN STILL FIND A GREAT PROPERTY IN GREECE
Law no. 5007/2022, and more precisely, article 91 of that law introduced changes in the conditions for obtaining a permanent investor’s residence permit under Greek Law, also commonly referred to as a “Golden Visa”, by replacing paragraph 2, article 20, Law 4251/2014. Based on these amendments, the minimum amount of investment in real estate for the granting of a permanent investor's residence permit has been increased to 500,000 euros in certain areas of the country of high investment interest and the investment in these areas must be in a single property. The areas which fall within the scope of these recent amendments are listed below:
• Athens North Sector: Kifissia, Marousi, Agia Paraskevi, Halandri, Flothei, Psychiko, Neo Heraklion, Lycovrisi, Pefki, Metamorfosi, Nea Ionia, Papagou, Cholargos, Penteli, Vrilissia
• Athens Central Sector: Athens, Philadelphia, Nea Chalkidona, Dafni, Ymittos, Galati, Kaesariani, Vyronas, Zografou, Ilioupoli
• Southern Sector of Athens: Glyfada, Paleo Faliro, Agios Dimitrios, Alimos, Elliniko, Argyroupoli, Kallithea, Moschato, Tavros, Nea Smyrni, Vari, Voula, Vouliagmeni
• Thessaloniki
• Mykonos and Santorini
In regards to the remaining areas of Greece, which do not fall within the scope of the amendments introduced by the above law, the minimum investment amount remains at 250,000 euros, which can be invested in the purchase of one or more properties.
Areas which remain under the previous status:
• The whole of Piraeus and Neo Faliro, Gerakas, Pallini
• All the islands EXCEPT MYKONOS AND SANTORINI