The New 2023 Greek Golden Visa Legislation Amendment

Author: Michael Perantonis 2023

The Greek Governmental Amendment - Addition of the Permanent Residence of Investor (Golden Visa), paragraph B of article 20 of the legislation .4521/2014 (A 80) , is revised as follows:

The minimum investment after 30/05/2023 will be €500,000 Euros for provinces in the North, Central, and South Athens Attica area, as well as municipalities in Thessaloniki, Mykonos, and Santorini.

Below is a list of most of the areas in Athens that will go under the new regime of €500,000.

The following municipalities in Attica will require a €500,000 investment for the Greek Golden Visa after April 30, 2023:

Furthermore, under the new €500.000 rule, all Investments in the aforementioned locations must be for one property..

Furthermore, during the adaptive period, a buyer and potential Golden Visa candidate can still invest in any area of Athens (including Thessaloniki, Mykonos, and Santorini) and invest 250.000€ IF s/he makes an advance payment of 10% of the agreed property price before the 30/04/2023 date, and simultaneously signs a private reservation agreement with the lawyer certifying this private agreement.

Furthermore, an investor may proceed with the signature of a POA in their country of origin without visiting Greece, at a) the Greek Consulate and b) any foreign public notary, provided that the power of attorney (POA) is formalized by the Greek Consulate and verify with an Apostille Stamp.

The rest of the country remains under the provisions of the Code: Law 4251/2014, Government Gazette 1, no. 80 (Law of the Immigration and Social Integration), regulating the granting of a Greek Residence Permit to third-country nationals investing in real estate properties in Greece with a value of at least € 250,000 by making an investment or by acquiring real-estate property. 

View the areas with the new minimums at our Google map :  https://www.google.com/maps/d/edit?mid=1SVAJ5_BtBHyzHqd3p0O-KoEDcAzKxzA&usp=sharing