The Greek government is set to raise the minimum investment foreigners must make to qualify for a “golden visa,” a move aimed at cooling both the home purchase and rental markets. The measure comes as part of a broader policy shift reported by Reuters through the country’s Ministry of Finance.
“Golden visas” are residence permits or passports granted in return for a significant investment in a country’s economy, opening doors for foreign buyers seeking longer-term residency paths.
Under the new rules, foreigners will be required to invest at least 800,000 euros in strategic locations such as the capital city Athens, the island hub of Mykonos, the northern metropolis of Thessaloniki, Santorini, and other islands with populations over 3,100. This marks a tightening of the program for high-demand areas where housing supply remains tight and prices have surged in recent years, a change reported by Reuters in coverage of Greece’s evolving policy landscape.
Previously, the government had doubled the minimum investment in popular regions to 500,000 euros in August as part of a broader effort to curb market pressures and ensure a steadier supply of long-term rental housing. The latest changes, which take effect on March 31, are designed to further moderate the impact of golden visas on local housing costs while expanding the stock of available rental units over time.
The policy shift reflects a broader debate observed across Europe and the Middle East about how investment visa programs influence real estate markets, prices, and housing accessibility for local residents. Analysts note that higher thresholds can reduce speculative demand while preserving the strategic benefits of foreign investment for urban development and economic activity. This evaluation aligns with similar market adjustments seen in other regions where cities experience rapid growth spurred by international buyers, a trend noted by market observers following the Greek reforms.
In related commentary, industry observers have discussed how such programs can revitalize commercial real estate markets in dynamic hubs. While the immediate effect on supply and affordability is a central goal, the broader implication is a more balanced approach to foreign investment that seeks to support long-term housing availability and stability for residents. Market participants continue to monitor how these changes will influence investment flows, rental yields, and overall urban vibrancy across Greece’s most popular destinations, with the evolving policy framework shaping expectations for buyers and renters alike. [citation attributed to Reuters]
As Greece tightens the criteria for golden visa eligibility, potential applicants are advised to seek current official guidance on investment thresholds, eligible locations, and the application process. The ongoing reforms underscore Greece’s commitment to aligning investment incentives with housing policy goals, aiming to foster sustainable growth while addressing local market pressures. [citation attributed to Reuters]