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Greek Golden Visas Remain Available at €250,000
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The RIF Trust Reaction to the Greek Golden Visa Price Freeze
William Hakim is our Greek Residency by Investment expert. You last heard from him when he cautioned you to invest in Greek Golden Visas before the September cost rise. Hakim is pleased that “€250,000 Residency by Investment continues to be an option in Greece.”
“What is even more reassuring for you as an investor is that this minimum investment threshold is not area specific,” he points out. “That means you can take your pick of real estate investment projects throughout the Greek mainland and islands.”
“The deadline has come and gone but Greece continues to offer affordable Residency by Investment. Yet this venture is finite as it relates to 2 main types of property investment.”
Hakim concludes: “In the short term, you can travel freely around the Schengen area and offset the arrival of EES. While, in the longer term, you can make yourself eligible for a Greek passport after 7 years of residency.”
The Qualifying Conditions to Secure €250,000 Greek Golden Visas
These are the requirements you have to meet to obtain Greek Golden Visas for €250,000:
- Convert individual commercial or industrial properties to residential real estate
- Restore or refurbish a single listed property
In all other cases, for a single real estate unit with a minimum 120m² surface area:
- The minimum investment threshold increases to €800,000 for specific areas, including Attica, Thessaloniki, Mykonos, Santorini, and Greek islands with a 3,100+ population
- For all other Greek regions, the threshold is €400,000
Piraeus Profile
One of the hotspots for those seeking Greek Golden Visas is Piraeaus. This is in the Attica region where Greek residency will cost as much as €800,000 if you’re not converting, refurbishing, or restoring a property. A beautiful city in its own right, it’s also home to Athens’ main port.
To reach Piraeus by car, it’s a 6 mile (10km) southwesterly drive from the Greek capital. Captured by the Spartans, reclaimed by the Athenians, and decimated by the Romans, Piraeus rose like Phoenix from the flames in 1834 with Athens becoming the capital of the freshly independent Greece. A transport hub, Piraeus links the Greek islands with the mainland by boat and is also a main terminal for all major train networks in the country.
Piraeus has seen more revival with the awakening of its sleeping giant, its 88-metre-high tower. This is the second tallest building in the whole of Greece, after the Tower of Athens. It reopened on Tuesday, June 4, 2024, as Greece’s first green highrise.
While the Piraeus Tower is a beacon for the area, there are other landmarks. These include the Municipal Theatre of Piraeus. This neoclassical building, opened in 1895, hosts regular concerts of various musical genres.
Tourists are discovering Piraeus as an ideal day trip from Athens. It’s also possible to island hop from Europe’s largest passenger port, with Piraeus the gateway to the Aegean. Or taste the fruits of the sea at bustling tavernas that line the promenades of the Athenian Riviera.
How to Become a Greek Resident
If you want to enjoy more value from Greek Golden Visas, you will want to continue to take advantage of the lower-cost options. You should run, not walk to consult a Residency by Investment specialist such as RIF Trust who can guide you every step of the way. So, contact us now and we’ll show you how to land a more economical Greek Golden Visa.