Despite the price increases in the Greek Golden Visa thresholds, applicants can still enjoy the perks of investing EUR 250,000 in prime real estate in the country.
If you haven’t caught up on all the Greece Golden Visa changes, don’t worry. Here’s what you need to know:
Greece Real Estate Investment Options:
- Central & South Athens, Thessaloniki, Mykonos & Santorini: increasing from €500,000 to €800,000.
- Attica (outside of Central & South Athens): increasing from €250,000 to €800,000.
- Elsewhere in Greece: increasing from €250,000 to €400,000.
- Mutual Funds Investments: from €350,000
- Bank Time-Deposits: from €400,000
Check out our comprehensive Greece Golden Visa Guide for additional information.
The government has established two exceptions to the new thresholds for qualifying conversions and restorations, allowing the previous €250,000 limit to remain in effect regardless of the property’s location or size:- Commercial to Residential Conversions: Properties converted from commercial to residential use are eligible, provided that the conversion work is fully completed before the investor submits a Golden Visa application.
- Restoration or Reconstruction of Historic Buildings: Properties of historical or cultural significance undergoing restoration or reconstruction are also eligible, with the condition that the restoration work is completed by the fifth year of residency for the Golden Visa holder to apply for renewal at the latest.
Prime Peristeri Property with Triple Frontage and Exceptional Location
This well-positioned property in the southwest Municipality of Peristeri is eligible under the new EUR 250,000 Greece Golden Visa eligibility criteria.
The 50 fully renovated apartments boast frontage on three streets: Prokopiou, Terpandrou, and Argonauton.
Just 80 metres from Filikon Street, the main commercial hub of the area, this location offers unparalleled convenience.
The Project – 250K Eligible Real Estate in Greece 2024
Situated on a plot of 1,501 m², the existing building spans 3,762 m². The developer plans to transform this space into a modern residential development, creating 50 fully renovated apartments.
Each apartment will be self-contained and equipped with high-quality electrical appliances, including air conditioning, stove, oven, fridge, hood, and washer-dryer.
In addition to the stylish interiors, residents will enjoy access to communal internet, beautifully landscaped garden spaces, and other shared amenities.
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Completion Date
This project is predicted to be complete by December 2025. Investors can apply for the Greek Golden Visa under the new regulation as soon as the investment is made.
The Location – EUR 250,000 Eligible Real Estate in Greece in 2024
Located near the key intersection of Athens Avenue and Kifisos Avenue, the property offers quick access to central Athens, the port of Piraeus, and major routes to northern and southern Greece.
Public transportation is easily accessible, with the Agios Antonios Metro Station just 850 meters away and the 821 urban bus line serving the area.
Peristeri is undergoing significant transformation, with old commercial buildings being converted into modern residential developments.
With current demand outstripping supply, now is an opportune time to invest in this burgeoning market.
