The new regulations regarding the Golden Visa Program passed through Congress on the 5th April 2024 , with some amendments comparing to the initial draft of proposed legislation.
In Rhodes, Patmos, Mykonos, Santorini and other islands of the Southern Aegean Region with population over 3.100, and in the districts of Athens, Thessaloniki, the purchase price of the real estate at the time of acquisition is determined at the amount of 800.000,00 Euros. In the rest areas of Greece and the islands with population less than 3.100, the minimum purchase price of the real estate at the time of acquisition is determined at the amount of 400.000,00 Euros. Also, in the case in which a building permit has been issued for the property, the minimum size of the areas of main usage is 120 square meters.
A transition period is also stipulated : in the case a downpayment of 10% is paid until the 31st August 2024 with the signing of a preliminary agreement, the purchase contract can be concluded until the 31st December 2024 with the pre-existing terms regarding the price (250K for Rhodes and the Islands of the South Aegean).In the case the purchase is not completed within the above period, then the investor can complete the purchase of another property until the 30th April 2025 with the pre-existing terms regarding the price.