Back in September of 2022, the government of Greece announced changes in the Golden Visa program: namely, the increase of the minimum property investment from €250,000 to €500,000. It was scheduled for January 2023 onwards. The changes would apply to the selected municipalities only, but this wasn’t clarified immediately. Thus, investors rushed to apply for the visa before the minimum expenses doubled.
As investors rushed to catch the soon‑to‑be‑expired requirements, the number of applications increased in the same month, growing almost four times compared to August.
Greece Golden Visa applications over the first 11 months of 2022
January — 134
February — 182
March — 246
April — 167
May — 157
June — 263
July — 260
August — 86
September — 337
October — 438
November — 833
In November alone, the number reached 833 applications. For perspective, there were 1,626 Golden Visa applications in the entire year of 2021.
Since January 2023, the minimum Greece Golden Visa property investment value was increased to €500,000 — in selected areas:
Athens. North, Central, and South Sectors.
Attica. Vari‑Voula‑Vouliagmeni Municipality.
Macedonia. Thessaloniki Municipality.
Aegean. Mykonos and Santorini.
In other areas of Greece, Golden Visa investors still can buy property for €250,000.
83 m² — 94 m²
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