Despite the price increases in the Greek Golden Visa thresholds, applicants can still enjoy the perks of investing in EUR 250,000 apartments in Greece and becoming a Permanent Resident 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.
Apartments in Greece: Prime Location and Modern Living in Peristeri
This property is located in the thriving Municipality of Peristeri, just 450 meters from the Anthoupoli Metro Station, providing excellent public transportation access.
As Peristeri continues to evolve, with old commercial buildings being transformed into large-scale residential developments, the demand for quality housing in the area is rapidly increasing.
The Project – 250K Eligible Real Estate in Greece 2024
Situated on a 1,060 m² building, the Developer plans to renovate and modernize the property, converting it into 12 fully self-contained apartments.
Each unit will be outfitted with premium electrical appliances, including air conditioning, stove, oven, fridge, hood, and washer-dryer.
Residents will also benefit from communal internet access and other shared amenities.
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Completion Date
This project is predicted to be complete by April, 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
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 Anthopouli Metro Station just 450 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 and qualify for the Greek Golden Visa under the 250K threshold.
