Greece’s Golden Visa program grants a five‑year residence permit to investors who purchase real estate worth at least €250,000. The permit can be renewed as long as the investment is maintained, allows visa‑free travel within the Schengen area (up to 90 days per six‑month period), and extends to three generations of the applicant’s family, including children under 21 and common‑law spouses.
Key program features
- Minimum real‑estate investment: €250,000 (title‑deed property).
- Application processing time: 3–6 months; biometric appointment in Greece is required.
- No language or residency‑stay requirement in Greece.
- Immediate issuance of a five‑year residence permit, renewable while the investment remains.
- Income from renting the property can be earned in euros.
Athens project meeting Golden Visa criteria
A renovation development in the northern Athens suburb of Nea Ionia offers five turnkey apartments that satisfy the €250,000 minimum. Sales began in April 2026, with construction slated for completion in November 2026.
Location advantages
- 5 minutes to the nearest metro station.
- Close to Derkon Park and the Nea Filadelfia Grove.
- Approximately 25 minutes by car to Athens International Airport.
Turnkey package
- Purchase price includes full furnishing (bed, sofa, dining table, kitchen and bathroom cabinets, curtains) and appliances (washing machine, dishwasher, TV).
Rental‑income guarantee
- The developer promises a fixed 4 % of the rental income for the first two years.
- Example calculations:
- 45.7 m² apartment (€250,000) → €10,120 annual rental income.
- 50.3 m² apartment (€255,000) → €10,520 annual rental income.
Eligibility and family inclusion
- Primary investor may be any adult; a sponsor (e.g., parents) can provide the funds while the investor is, for instance, a student.
- The entire family—including an adult child—can be covered under a single application based on one property purchase.
- Common‑law spouses are treated the same as legally married partners.
Tax obligations for Golden Visa property owners
Greek law requires annual tax filings for all real‑estate owners obtained through the program:
- Property tax (ENFIA) – calculated on area, location, and assessed value; amounts range from a few hundred to several thousand euros per year.
- Income tax – applicable if the property generates rental income.
Filing deadlines are fixed: the tax return for the year following purchase must be submitted by 15 July of the subsequent year, with penalties for late submission. Owners should engage a qualified accountant to determine exact liabilities; some developers offer accounting assistance.
The information above reflects the program’s requirements and the specific Athens development as of 2026.
Source article: apexcapital.one
