Kohelab Invest


Greek Golden Visa program Real Estate investments require a minimum of between 250k and 500k euros.

The New Milestone in Investment

Greek Golden Visa program Real Estate investments require a minimum of between 250k and 500k euros.

At the 86th Thessaloniki International Exhibition on September 10, Greek Prime Minister Kyriakos Mitsotakis announced a fee hike for the Greek Golden Visa program. It is planned to quadruple the minimum investment requirement for real estate investments from €250K to €500K.

Greek Prime Minister Kyriakos Mitsotakis announced an increase in the minimum of the Greek Golden Visa scheme through real estate investment in September of this year; the minimum was established at the program’s start at 250k EUR.

Which scenarios will require 500,000 EUR from the investors?

According to unofficial sources, the modification will set geographic boundaries for the investment-eligible regions. From May 2023, the new increment will be in effect.
Properties in specified Greater Athens municipalities, as well as those in Thessaloniki, Mykonos, and Santorini, will double in price from 250k to 500k EUR depending on where they are. See the map below for further information.

Investors can combine more than two properties if they are housed in the same building, but they only need to invest in one (1) property overall.

What is known so far:

AREAS with the new minimum threshold of 500,000 EUR

Central Athens Regional Unit:

  • Athens
  • Filadelfia-Chalkidona
  • Dafni-Imittos
  • Galatsi
  • Kaisariani
  • Vyronas
  • Zografou
  • Ilioupoli

South Athens Regional Unit:

  • Glyfada
  • Palaio Faliro
  • Alimos
  • Agios Dimitrios
  • Elliniko-Argyroupoli
  • Kallithea
  • Moschato-Tavros
  • Nea Smyrni

North Athens Regional Unit:

  • Kifisia
  • Marousi
  • Agia Paraskevi
  • Chalandri
  • Filothei-Psychiko
  • Irakleio
  • Lykovrysi-Pefki
  • Metamorfosi
  • Nea Ionia
  • Papagou-Cholargos
  • Penteli
  • Vrilissia

How does this impact ongoing real estate transactions during the adaptive period?

Investors purchasing real estate in the impacted areas who have previously put a 10% deposit on the property before April 30, 2023, will be allowed to finalize their contracts up to December 31, 2023, and still be eligible to apply under the previous $250k program