The Greece Golden Visa program has been a gateway for non-EU nationals seeking residency through real estate investment. Recent policy changes have increased the minimum investment amounts in certain areas. However, specific projects in Peristeri, a suburb of Athens, continue to offer opportunities at the original €250,000 investment threshold. This article explores how these properties qualify under the updated regulations.
Understanding the Greece Golden Visa Program
Established in 2013, the Greece Golden Visa program grants five-year renewable residency permits to non-EU investors who meet specific investment criteria. Benefits include the right to reside in Greece, visa-free travel within the Schengen Area, and a pathway to citizenship after seven years of residency.
Recent Changes in Investment Requirements
In 2023, the Greek government revised the Golden Visa program, increasing the minimum real estate investment to €800,000 in high-demand areas such as central Athens, Thessaloniki, Mykonos, and Santorini. However, certain properties in areas like Peristeri remain eligible at the €250,000 threshold, particularly those involved in urban renewal or commercial-to-residential conversions.
Peristeri: A Strategic Investment Location
Peristeri, located in the western suburbs of Athens, is experiencing significant urban development. Its proximity to the city center, combined with ongoing infrastructure improvements, makes it an attractive option for investors. Despite its location within the Attica region, which generally requires a higher investment, specific projects in Peristeri qualify for the lower threshold due to their nature and development plans.
Qualifying Projects in Peristeri
Two notable developments in Peristeri offer investment opportunities at the €250,000 level:
Urban Living Project
This development features modern apartments designed for contemporary living. The project includes:
• Ground Floor Units ranging from 41,25m² to 52,05m²
• 1st Floor Units ranging from 40,55m² to 60,20m²
• 2nd Floor Units ranging from 53,50m² to 57,50m²
All units are priced at €250,000, offering affordable entry into the Athens property market.
The Heights Project
This project focuses on efficient apartment designs, including:
• Ground Floor and Basement Units
• First and Second Floors with units ranging from 27.60m² to 97.25m²
Units are available at €250,000, providing a cost-effective option for investors.
Why These Projects Qualify at €250,000
These developments meet the €250,000 investment threshold due to their involvement in urban renewal and redevelopment initiatives. The Greek government encourages investment in such projects to promote balanced regional development. By focusing on the refurbishment and conversion of existing properties, these projects align with the criteria for the lower investment requirement.
Despite recent increases in investment thresholds for Greece’s Golden Visa program, opportunities remain for investors at the €250,000 level. Projects in Peristeri, such as Urban Living and The Heights, offer affordable entry points into the Greek real estate market while providing a pathway to residency. Understanding the specific qualifications of these developments is essential for investors seeking to maximize their investment under the current regulations.
Ready to secure your Greece Golden Visa with a €250K investment? Essential Living, the developers behind the exclusive Urban Living and The Heights projects in Peristeri, are here to help. Contact Essential Living today to learn more about these unique investment opportunities and start your journey toward European residency. Don’t miss out on this chance to invest smart and live free!
