Greece to Raise Golden Visa Investment Amount in High-Rent Areas
- Move intended to ease pressure on in-demand housing markets
- Threshold was previously doubled to €500,000 in popular sites
Properties along the coastline at Glyfada suburb, near Athens.
Photographer: Nick Paleologos/BloombergThis article is for subscribers only.
The Greek government is soon planning to increase the minimum amount that potential foreign property buyers must pay in areas with elevated rental prices in order to secure a Golden Visa, Prime Minister Kyriakos Mitsotakis said on Friday.
“We are discussing a further increase in the threshold for investment which will cover all areas where there is significant pressure on rents,” Mitsotakis told lawmakers in Athens.