In the autumn of last year, we shared the surprise news that our Prime Minister had announced an increase to the minimum investment necessary as part of a Greece golden visa application, from 250.000 to 500,000€ to be in line with other EU countries. Since this bombshell the country has seen a rush to buy properties over the threshold before it doubles and now the available options are very limited in specific areas. Some amazing statistics have recently been quoted such as the number of Greece golden visa applications rising by more than 230% between September and December of last year!!
In light of this effect the government has decided to amend the rules and try to encourage foreign investment to other parts of the country so the great news for Halkidiki real estate is that in our region the minimum limit will not increase as feared but remain at the lowest level of 250,000€.
The increase will only apply in certain over-developed areas namely North, central and south sectors of Athens, Thessaloniki, Mykonos and Santorini. This is expected to take effect from 1st May 2023. For many non-EU nationals who had been working towards buying a property in Halkidiki so that they could qualify for a residence permit and enjoy the freedom to stay longer than 90 days in every 180, the dream is back within reach!! Contact us today to see what we can offer you with a budget of 250000€ in Halkidiki real estate. We can also put you in touch with an experienced law firm that can assist with an application for the Greece golden visa.