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Greece Extends Transitional Period from 30th of April to 31st of July 2023
On the 29th of March, the Hellenic Republic Parliament voted for extending the transitional/grace period in which a Golden Visa investor could invest in Athens at a minimum of 250k EUR.
Now effective, a Golden Visa Investor has time until July 31st of 2023 to find a property and proceed with an investment at a minimum of 250k EUR, in the areas planned to increase.
As previously published, on the 10th of September 2022, Kyriakos Mitsotakis, The Prime Minister of Greece, announced that the minimum investment amount for property acquisition under the Greece Golden Visa program will be raised to €500,000 in specified regions. Find regions in our map here.
Investors buying in the areas affected and who have already paid a 10% of the property value as a deposit before 31/07/2023 will be able to conclude their property contracts up to 31/12/2023 and still apply under the old 250k scheme.
Other amendments affecting the Golden Visa, are regarding the minimum investment in a Term Deposit and Bonds, presently the Term Deposit is at a minimum of 400k EUR and shall be increased to 500k EUR, effectively, in January 2024.