Can I get residency in Greece if I buy a house?

Greece offers a captivating blend of history, natural beauty, and a relaxed lifestyle that appeals to many. But did you know that purchasing a house in Greece could also open the door to residency? Yes, it’s true! In this article, you will find out the exciting possibility of gaining residency in Greece through property ownership. So, if you’re considering buying a house in Greece, get ready to embark on a journey that leads not only to your dream home, but also to a new chapter of your life.

The Golden Visa program: 

One of the primary objectives of Greece’s Golden Visa program is to boost the country’s economy. By attracting foreign investors, the program injects vital capital into the real estate sector, creating business opportunities and generating employment. The resulting economic growth has a cascading effect, benefiting various industries and contributing to the overall development of Greece.

Greece’s Golden Visa program has emerged as a beacon of opportunity, captivating international buyers seeking residency in a European Union country. Launched in 2013, this program offers a pathway to Greek residency permits for non-European Union citizens who invest in Greek real estate. By stimulating the Greek economy and attracting foreign investment, the Golden Visa program has become a sought-after avenue for individuals to obtain residency in Greece.

Investment requirements:

To be eligible for the Golden Visa program, investors must meet certain investment requirements. As of the article’s publication, the minimum investment threshold is set at €400,000. This investment can be made in residential or commercial properties, including land. The investment must be made through a legal entity or an individual, and the property must be located in Greece.

Benefits of the Golden Visa program:

The Golden Visa program offers a range of benefits to its participants. Firstly, it grants residency permits to the investor and immediate family members (spouse and children under 21 years old). This allows visa-free travel within the Schengen Area, comprising 26 European countries. It also provides access to Greece’s high-quality education and healthcare systems. Furthermore, the Golden Visa program offers flexibility in terms of residency requirements. Investors are not required to reside in Greece full-time, making it an attractive option for those who wish to maintain their existing lifestyle while enjoying the benefits of European residency.

Investment threshold and benefits:

To qualify for the Golden Visa program, you need to make a minimum investment in Greek real estate. As of the article’s publication, the investment threshold is €400,000. By purchasing a property at or above this value, you become eligible for a five-year residency permit, which can be renewed every five years as long as you maintain ownership of the property. The benefits of the Golden Visa program extend beyond residency. As a residency permit holder, you can travel freely within the Schengen Area, which includes 26 European countries. This opens up a world of possibilities for exploration and travel throughout Europe.

A flexible path to residency:

One of the unique aspects of the Golden Visa program in Greece is its flexibility. You don’t need to reside in Greece full-time to maintain your residency permit. You have the freedom to visit Greece as often or as little as you wish while enjoying the benefits of residency. This flexibility allows you to maintain your existing lifestyle while having a foothold in Greece.

Finding your Greek dream home:

Now that you know the potential path to residency through property ownership, it’s time to explore the real estate market in Greece. From the historic neighborhoods of Athens to the charming coastal towns and idyllic islands, Greece offers a wide array of properties to suit various tastes and budgets. Consider engaging the services of a reputable real estate agent who specializes in assisting international buyers. They can guide you through the process, help you find the perfect property, and navigate the legal and administrative requirements associated with the Golden Visa program.

Buying a house in Greece can be a transformative experience, not only for the joy of owning a property in a stunning Mediterranean destination but also for the possibility of obtaining residency through the Golden Visa Program. The program’s investment threshold and flexible residency requirements make it an appealing opportunity for those seeking a new beginning in Greece.

As you embark on your real estate journey, remember to conduct thorough research, seek professional guidance, and ensure compliance with the current regulations. So, take the first step, unlock the door to residency, and embrace the endless possibilities that Greece has to offer. Your dream home and a new chapter of your life await in this captivating Mediterranean haven.