Greece Extends Deadline For Golden Visa Real Estate

Greece has opted to extend the deadline for Golden Visa investors to finalize their property contracts. Authorities in the Hellenic Republic have announced that investors who have made a ten percent deposit on a Greek property by August 31, 2024, will now have until February 28, 2025, to complete their contracts, according to Schengen.News.

This decision is part of efforts to offer additional flexibility to investors while ensuring that eligible applicants for Greece's Residency by Investment Program can continue applying under the previous investment threshold of the program.

The new decision provides extra time beyond the previous deadline of December 31, 2024. As a result, those within the extended period for completing their contracts will adhere to the current investment threshold of €250,000-€500,000.

In an effort to address the housing crisis, Greek authorities introduced new changes to their Golden Visa Program in September, including raising the minimum threshold for Golden Visa investments in some of the country's most popular areas, such as Santorini, Mykonos, and the Region of Attica.