Greece has extended the deadline for Golden Visa investors to finalize their real estate contracts. Investors who made a 10% down payment on a Greek property before August 31, 2024, now have until February 28, 2025, to complete the purchase.
This extension aims to provide flexibility and allow applicants to benefit from the previous minimum investment thresholds (€250,000-€500,000) before new, higher thresholds take effect in certain areas.
The extension pushes back the previous deadline of December 31, 2024. This move comes after Greece implemented changes to its Golden Visa Program in September 2024 to address the housing crisis. These changes include increased minimum investment amounts in popular areas like Santorini, Mykonos, and the Attica region.
Greece's Golden Visa Program remains highly attractive, as evidenced by the 12,577 initial applications submitted in October 2024. This represents a 12% increase compared to October 2023 (11,229 applications). The leading applicant nationalities in October 2024 were from China, Türkiye, Lebanon, the United Kingdom, and the United States.