Change of minimum investment limit for "Golden Visa".

According to announcements made by the Prime Minister of the country, Kyriakos Mitsotakis, at the Thessaloniki International Fair, as part of the economic measures planned by the government to increase the stock of residential properties in the country, there is a change in the minimum investment limit for the Golden Visa from 250,000€ to 500,000€. This fact has led to a multitude of requests from interested investors, in order to prevent this limit change, to the Ministry of Immigration. Also, due to the two years of the pandemic and the restrictive measures that the country has experienced, there is already a large number of applications that have not been checked, thus causing a problem in this whole process.

The imminent change of the minimum investment limit for the residence permit, according to professional circles, has caused new real estate prices as property owners, knowing the following change, price the purchase value of their property at a higher amount than in the previous period. This effort by the government aims to provide a solution to a very basic problem of society, which is the lack of housing stock, as there is the difficulty of finding housing for both families and young people aiming for a better future. There are no specific announcements about the exact time period of implementation of the measure, but all indications point to the beginning of the new calendar year.