Real Estate
Greece Ups Golden Visa Investment Sum Amid Housing Pressure
- Investors need to invest as much as €800,000 in popular areas
- Investment amount needed rises to €400,000 in rest of country
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The Greek government plans to increase the minimum amount that potential foreign property buyers must pay to secure a Golden Visa, citing pressure on the country’s house purchase and rental market.
Investors will now need to invest a minimum of €800,000 ($873,280) in popular areas such as the capital Athens, the second-largest city Thessaloniki, Mykonos and Santorini and other islands with a population of above 3,100 inhabitants, according to a statement from the Finance Ministry.