Buying an apartment in Greece allows you to safely invest your capital, receive a stable passive rental income and obtain a European residence permit. The "Golden Visa" programme was introduced in the country in 2013. Initially, it allowed a residence permit to be obtained upon the purchase of property worth €250,000. In 2023, the minimum amount was doubled in several regions of the country. However, in the spring of 2024, the country's parliament again tightened the conditions for investors:
The country's authorities have introduced a transitional period until 30 August 2024 for those wishing to buy property under the old conditions. Hurry to buy an apartment or villa before the minimum threshold for obtaining a golden residence permit increases.
For those planning to move to Greece, it is worth noting that the residence permit is granted for 5 years with the possibility of renewal. At the same time, it is not necessary to reside permanently in the country.
To obtain a visa, you can buy an apartment in Greece that meets the minimum price threshold. The programme also offers several other investment options. Among them are:
We provide comprehensive information on obtaining residency in the country and are ready to provide in-depth advice to anyone planning to purchase investment property. Learn everything you need to know about moving to Greece as a permanent resident from market professionals. Specialists can help you choose a property, complete the transaction quickly and transparently, and obtain resident status.
Documentation should be started 3–4 months prior to entry into the country. The visa application can be submitted no earlier than 3 months before the intended date of relocation. It is important to note that the validity of some documents and certificates is limited. Before obtaining a residence permit in Greece, it is necessary to select a suitable property. Qualified assistance from a professional estate agent will be invaluable at this stage. There is a wide range of property available in the country. For a successful investment, you can easily find a duplex, triplex or penthouse in Greece. After familiarising yourself with the technical characteristics of the property, you can visit the location and study its features and the infrastructure of the area.
To participate in the programme, you will need to prepare the following set of documents:
Residence permit in Greece for financially independent persons requires confirmation of financial well-being. Some documents require an apostille and a notarised translation into Greek.
There are no difficulties in obtaining a residence permit in Greece. When buying a property, an expatriate is issued with a tourist visa, which allows them to legally stay in the country for up to 90 days. The application for a residence permit is submitted to the migration service of the municipality of residence. The foreigner receives a certificate confirming that the application has been accepted. While waiting for the decision, the stay is considered legal, regardless of its duration.
The examination of the application takes between 1 and 5 months, with priority being given to golden visas. Once the residence permit has been issued, the foreigner must undergo a fingerprinting procedure, and a few weeks later, he or she will receive the biometric identity card.
Greece is one of the leading holiday destinations in Europe. It attracts expatriates and tourists with beautiful beaches, rich history and quality healthcare. The pleasant climate makes the location popular all year round and ensures a rental yield of 5% per annum, which is a successful indicator for EU countries.
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There is no requirement to be a permanent resident in the country or to know the Greek language to obtain this status.
