Greece's Golden Visa program offers one of the fastest and most economical paths to EU residency. This program, which grants a 5-year renewable residence permit in exchange for real estate investment, is attracting growing interest among Turkish investors.
Program Requirements
As of 2024, the minimum investment threshold for Greece's Golden Visa varies by region:
- Athens, Thessaloniki, and major islands: €800,000
- Other regions: €400,000
- Historic buildings or commercial/industrial conversion projects: €250,000
Application Process
The Golden Visa application consists of several stages. Once the property purchase is completed, an application is made to Greek authorities. The initial permit is usually issued within 2-3 months.
The biggest advantage of the Golden Visa is that there is no requirement to reside in Greece. Even while living in Turkey, you can enjoy freedom of travel throughout the Schengen area.
Investment Return Perspective
It would be a mistake to evaluate a Golden Visa investment solely from a residency permit perspective. Property values in Athens have increased an average of 70% over the last 5 years, and demand on short-term rental platforms has reached historic highs in the post-Covid period.
