Greece Increases Minimum Investment for Golden Visa to €800,000 in 2024

Athens, Greece – Starting in 2024, Greece will implement a substantial increase in the minimum investment required for its popular Golden Visa program. Non-EU investors seeking residency in Greece will need to invest a minimum of €800,000, a significant jump from the current threshold of €250,000.

The Golden Visa scheme, which allows investors and their families to obtain Greek residency by making qualifying investments, such as purchasing real estate, has been a key driver of foreign investment in the country. However, the Greek government is introducing this change to manage the overwhelming demand for the program, as well as to address concerns over rapidly rising property prices in high-demand areas.

The new €800,000 minimum investment requirement will apply in select regions, particularly in popular locations like Athens, Mykonos, and Santorini. Despite the increased threshold, investors who meet the criteria will still enjoy the benefits of residency, including the ability to travel freely within the Schengen Area.

The changes reflect Greece’s efforts to balance foreign investment with the economic and social impact of the program on the local real estate market.

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