Whilst there are a number of investment options for the Greece Golden Visa, by far the most popular type of investment is the acquisition of real estate.

The minimum investment required is €250,000. This amount is only applicable for the following property types:

• Property that has been converted from commercial to residential. The property can be purchased in any location and has no size restriction. Such property cannot be used as company headquarters; and
• A full restoration of listed buildings, regardless of location or size. The renovation must be finished by the fifth year of residency.

The property investment required in the areas of Attica (including Athens and Piraeus), Thessaloniki, Mykonos, Santorini, and islands with over 3,100 residents, is €800,000. In all other areas, the investment required is €400,000. The investment must be in a single property of at least 120 square meters.

Properties may be rented out for long term periods only. Investors can purchase property together, providing each investor spends the minimum required amount.

The residence permit is granted for five years and can be renewed every five years indefinitely, providing that the investor still owns the property. There is no requirement for the investor or their family dependants to live in Greece to maintain their residency status.

Once a property is legally transferred, the investor can choose to rent out the property on a long term basis and receive rental income immediately.