Greece Golden Visa: New Rules and What You Need to Know

As of 2024, Greece has implemented significant changes to its Golden Visa program, aiming to streamline the application process while also addressing housing affordability issues. This article dives into the new rules, highlighting the implications for investors and prospective residents. One of the most notable changes is the increased minimum investment threshold, which has now been raised to €500,000 for real estate purchases in major urban areas, while remaining at €250,000 in less populated regions. Additionally, the government is now requiring that applicants demonstrate a sustainable source of income, which has become a critical factor in evaluating applications. These updates not only reflect the government's response to rising housing costs but also aim to attract more quality investments into the country. This article will explore the new rules in detail, including the application process, potential benefits, and the long-term impact on both investors and the Greek economy.