Greece residency-by-investment

The Greek government first launched their Golden Visa programme in 2013, aiming to stimulate foreign direct investment, boost the real estate market, and attract affluent individuals and families to Greece. The programme has undergone several legislation changes in recent years as the Greek real estate market has matured, but investors can still secure permanent residency rights in Greece via a minimum €250,000 investment into qualifying property.
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Benefits of the Greece Golden Visa

  • Attractive property options: Possibility to invest into prime areas, low density areas and on the Greek islands. Real estate options range from stand-alone properties to managed hands-off property investments that are fully managed for your peace of mind
  • Family benefits: Investors can include a spouse, partner, minor children, financially dependent adult children under the age of 21. Parents can also be included on an application with no dependency requirement
  • Growing property market: Investors can expect steady rental returns and to benefit from projected growth within the real estate market over time
  • Joint property ownership with spouse: Property can be owned 50/50 between the main investor and a spouse simplifying succession process
  • No annual minimum stay: Retain Greek permanent residency rights with full flexibility. No forced requirement to travel to Greece each year
  • Nominal government fees: No excessive government submission and approval fees are levied on Golden Visa applications
  • Freedom of movement: Greek residents enjoy visa-free leisure travel throughout the Schengen area
  • Long-term residency: Residency cards issued for five years at a time, and can be renewed indefinitely for as long as the property is owned

We're here to help. Let our expert advisers answer all of your questions.

Greece Golden Visa: Qualifying investment paths

  • €250,000 investment into a property undergoing a full restoration or reconstruction and “change of use”. Rezoning of commercial / industrial property for residential use. Qualifying properties can be in prime or low-density areas.
  • €400,000 investment into real estate in low-density areas.
  • €800,000 investment into real estate in prime areas (Athens, Thessaloniki and on all islands which have a population of 3,100+ inhabitants)

Why invest in Greek real estate

Rated by The Economist as the top-performing economy in 2023, Greece offers investors a wealth of opportunity. Positive economics combined with real estate market growth since 2018 are all indicative of a stable and maturing property market.

The price per square meter of residential property in prime areas in Greece is significantly less expensive than other popular European destinations ensuring that Greece maintains an attractive price advantage. This price differential, up to 50% less, ensures that investors can benefit from capital appreciation potential and competitive yields.

We're here to help. Let our expert advisers answer all of your questions.

Long-term factors to consider

  • The lack of available loans on property purchases provides a barrier to entry. If this changes, as it has done in other European countries, we can expect a sharp increase in property value.
  • Efficient systems in place for property management, stabilising asset maintenance post investment.
  • Greece offers great rental yields in prime cities and locations.
  • Greece is a multinational country with a strong cultural backing.

All considered, it's easy to see why Greece is a hotspot for investment and why it might see a positive growth phase in years to come.

Meet our team

  • John Dunn: Citizenship and Immigration Manager
    John Dunn
    Group Director: Citizenship and Immigration
  • Sihle Goniwe - Client Administrator
    Sihle Goniwe
    Senior Investment Migration Caseworker
  • Sarah Young
    Investment Migration Manager
  • John Dunn
    Group Director: Citizenship and Immigration

    John joined Sable International in 2008 and has managed multiple divisions during his time with the company.

    He has over a decade of experience in immigration, citizenship and residency-by-investment. He combines that with a background in sales, marketing and management to ensure that Sable International is the go to for all things relating to citizenship and immigration around the world.

    Outside of work, John is dedicated to his young family. He enjoys fitness activities and loves the outdoors.

    Read John's latest articles and insights.

  • Sihle Goniwe
    Senior Investment Migration Caseworker

    Sihle was born and raised in the Eastern Cape, moving to Cape Town in 2013 to study Surface Design at the Cape Peninsula University of Technology. She furthered her studies in graphic design but also branched out into hospitality, taking up retail sales and administrator positions at the iconic and luxury 5-star Mount Nelson Hotel.

    Sihle joined the Sable Investment Migration team in 2020 and has excelled in all of her roles, growing from a client administrator to investment migration caseworker and into her current senior caseworker position. She has traditionally focused on assisting our Portugal Golden Visa clients with their application process, even undertaking to learn Portuguese to better understand the requirements for nationality, but she also prepares and advises on complex residency and citizenship applications across all the jurisdictions where we offer investment migration solutions.

    Outside of work, Sihle enjoys spending time at the beach, hiking in the mountains, good food and wine tasing experiences.

  • Sarah Young
    Investment Migration Manager

    Originally from the UK, Sarah is well-travelled – having worked in France, South America and Botswana before settling in Cape Town. She graduated at the top of her class with a BA (Hons) in International Business before spending 15 years in hospitality. During this time, she gained a clear understanding of the need for global mobility through her own experience.

    Sarah currently oversees Sable International’s Investment Migration casework team, assisting clients with finding the programme which best fits their needs. Once people have chosen their route to global citizenship, her team assists them every step of the way through the entire process.

    In her free time Sarah enjoys life outdoors, spending time with family and friends paired with laughter, good food and wine.

     

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