The Greece Golden Visa is one of the most affordable residency-by-investment programs in Europe. Launched in 2013, it offers non-EU citizens the opportunity to obtain a five-year renewable residency permit in exchange for investing in the country’s real estate market. But how much does it really cost to secure a Golden Visa in Greece? This blog breaks down the investment thresholds, additional fees, and overall costs involved.
Minimum Investment Requirement
As of 2024, the minimum real estate investment required for the Greece Golden Visa is €250,000. This amount allows you to purchase one or more properties that together meet the investment threshold. However, in certain high-demand areas like central Athens, Mykonos, and Santorini, the minimum investment has increased to €500,000.
Key Points:
€250,000 minimum in most regions
€500,000 minimum in prime zones (as per regional policy updates)
Investment can be made through sole or joint ownership
Eligible Investment Options
The primary route is through residential real estate, but investors also have options such as:
Commercial properties
Long-term leases (e.g., hotel or tourist accommodation contracts)
Shares in real estate investment companies
These alternatives must meet specific legal and valuation criteria to qualify for the Golden Visa.
Additional Costs and Fees
Besides the property investment, there are several administrative and legal costs involved:
| Cost Item | Estimated Fee |
|---|---|
| Government Application Fee | €2,000 per main applicant |
| Family Member Fee | €150 per dependent |
| Legal and Consulting Fees | €5,000–€10,000 (varies by firm) |
| Property Transfer Tax | 3% of property value |
| Notary and Land Registry Fees | 1–2.5% of property value |
It’s advisable to budget an additional 7–10% of the property’s value to cover all processing and legal expenses.
Ongoing Costs and Renewal
The Greece Golden Visa is valid for five years and is renewable as long as the investment is maintained. There is no minimum stay requirement. However, you must provide proof of continued ownership and updated documentation during each renewal.
There are no annual government fees, but you may incur:
Property maintenance and management costs
Local taxes (ENFIA property tax)
Is It Worth the Cost?
For many investors, the Greece Golden Visa offers exceptional value:
Low investment threshold compared to other EU countries
Access to the Schengen Area for visa-free travel
Inclusion of family members in a single application
Potential for long-term returns on real estate
Final Thoughts
Understanding the true cost of the Greece Golden Visa is key to a smooth application process. While the upfront investment is relatively low, it’s essential to factor in additional costs for legal, tax, and property-related services. With proper planning and expert advice, the program can be a strategic move toward European residency and future opportunities.
