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By Sable International

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Greek Golden Visa price going up

The qualifying investment threshold for the Greek Golden Visa will increase from €250,000 to €400,000 in low-density areas and €800,000 in high-density areas, but there's still time to invest.

Investors may still apply under the current €250,000 threshold if:

- a 10% deposit is paid by 31 August 2024, and
- the investment is finalised by 31 December 2024.
- If the property purchase is not completed on time, investors are allowed to finalise their investment in another property no later than 30 April 2025.

All other provisions of the current golden visa law remain unchanged.

Tips for buying Greek property

Our team have the following tips for you to consider when buying property in Greece to meet the deadline for the Golden Visa:

  • Focus on an investment property within easy reach of maintenance and services
  • Acquire a property which will allow you to remain within the rules of the Golden Visa during ongoing ownership
  • Do not purchase a property with the intention to short let the property as this is no longer allowed
  • Focus on locations with a reasonable projection for price growth and good transaction levels
  • Choose locations with a solid long-term rental demand and investment case for long-term yield
  • Consider properties which have been recently refurbished or are in good condition requiring little to no renovation work

At Sable International we can offer you a professional approach to both the legal work required to submit the documents for the Golden Visa, as well a professional team to assess suitable property investment options. We will also assist with any rental contracts, property management and tax issues post property purchase.

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