I believe that investors who have been paying attention to Greek investment and golden visas in recent days must have been swiped by the news of Greece's price increase~ But how to rise? When will it rise? Where will it rise? Today, Ruihong Overseas brings you the latest summary!
On April 2, Greek time, the Greek parliament passed the amendment to the "Golden Visa" by a high vote! The buffer period of the old policy was advanced by one month to August 31.
The well-known Greek newspaper "Η ΚΑΘΗΜΕΡΙΝΗ" reported that the Ministry of the Interior is about to legislate to grant golden visa holders the right to work. Let the "gold content" of Greek identity become more and more sufficient.
Let's review the detailed analysis of the price increase and the ins and outs!
January 31, 2024
According to the Greek "Daily", the Greek government is already considering raising the 250,000 euro "golden visa" investment threshold price in some areas at the beginning of 2024, on the one hand, due to the surge in buyers in recent years, and on the other hand, to ease the sales and rental prices of local properties and housing pressure. However, at this time, it was only an idea, and the government did not confirm that it would raise prices.
February 9, 2024
Greek Prime Minister Kyriakos Mitsotakis announced in parliament on February 9 that Greece will raise the minimum investment threshold for third-country nationals to obtain a golden visa, and in some regions it will rise to a minimum of 800,000 euros.
The Prime Minister noted that the minimum threshold for real estate investment in certain areas of Greece, such as urban centres and popular islands, to obtain a "golden visa" could rise to 800,000 euros, and for areas with less housing pressure, the minimum threshold price for investing in real estate to obtain a "golden visa" could remain at 250,000 euros.
Nikos Andreulakis, the leader of Greece's main opposition party, the Panhellenic Socialist Movement (Panhellenic Social Movement), who has long been opposed to the "golden visa" policy, has asked the government to make it mandatory for the government to use the "Golden Visa" for short-term rentals and Airbnb homestays, but for long-term rentals.
March 21, 2024
As the Greek authorities are about to submit a Golden Visa Investment Amendment to Parliament, more and more relevant details are being revealed. Greek Finance Minister Hazidakis announced the details of the new rules related to the golden visa on March 21.
Golden Visa Investment Threshold "Three Tracks in Parallel"
· €800,000:
In Attica, Thessaloniki and all islands with more than 3,000 inhabitants, the minimum investment for a Golden Visa will be increased to 800,000 euros.
· €400,000:
The investment threshold for the rest of Greece has been raised from the current €250,000 to €400,000.
· €250,000:
The only "threshold price" for an investment of €250,000 is for investment in protected buildings
April 2, 2024
The Greek parliament passed the "Golden Visa" amendment with a high vote!
The price increase is one month ahead of the original time until August 31!
Timeline of price increases:
10% payment by August 30, 2024;
Sign the purchase contract and transfer the ownership before December 31, 2024
In any case, it is not difficult to see that European policy is continuing to contract, and from time to time it is accompanied by price increases and increased restrictions. There is no such thing as Greece, with low thresholds, low requirements, high welfare, excellent education, good environment, and a green card for buying a house.
Greece Golden Visa
- One person applies, and the whole family takes the identity for three generations, including the main applicant, spouse, children, and parents;
- One of the Schengen countries that has obtained permanent residence status in one step and has a relatively low investment amount;
- The holder of the Greek permanent residence card can travel freely to the Schengen countries;
- There are no requirements for academic qualifications, language, physical examination, proof of source of funds, etc., and the application can be submitted remotely;
- Freehold property in Greece is passed down from generation to generation, and the value of the property is maintained and increased, and the rental income in euros is enjoyed;
- Once the application is approved, there is no need to reside;
- Enjoy free public medical care and education, study in British and American private schools in Greece, and return to China to take the joint examination for overseas Chinese students, and enter 985 universities in China with low scores.