Golden Visa deadline extended: February 28, 2025!

Greece has introduced a new update providing investors with additional flexibility in the Golden Visa program. Investors who have made a 10% deposit on a property in Greece by August 31, 2024, will now have until February 28, 2025, to complete their property contracts. This extension allows applicants to benefit from the previous investment thresholds.

The original deadline for completing property contracts was set for December 31, 2024, but has now been extended by two months. As a result, applications can still be made under the existing €250,000 – €500,000 investment thresholds.

New Golden Visa Rules from September 1, 2024
From September 1, 2024, Greece’s Golden Visa program has implemented stricter investment requirements:

In Thessaloniki, Mykonos, Santorini, Attica, and islands with a population over 3,100, the minimum investment has been raised to €800,000.
In all other regions, the threshold is set at €400,000.
Investments must now be made on a single property of at least 120 square meters.
Who Benefits from This Update?
This extension provides an opportunity for investors who paid the deposit by August 31, 2024, but have not yet completed their purchase. Those who finalize their transactions by February 28, 2025, can still apply under the lower investment thresholds.

Next Steps for Investors
For those who have not yet finalized their property contracts, this extension is a critical opportunity to complete the process and secure the more favorable investment conditions. With the new rules pushing investment thresholds up to €800,000 in certain areas, taking advantage of the older criteria remains highly attractive.