Greece has made the decision to extend the deadline for Golden Visa investors, allowing them to finalize their property contracts until February 28, 2025. This extension applies to those who made a 10% deposit on a property before August 31, 2024. The previous deadline was set for December 31, 2024.

The Golden Visa Program allows wealthy foreign nationals to gain residency in Greece through financial investments, which continues to attract a significant number of investors.

Key points include:

• The existing investment threshold remains between €250,000 and €500,000.
• Adjustments in the program aim at allowing flexibility for investors.

Additionally, starting from 2025, new changes to the Residency by Investment Program will be observed, aiming to direct wealthy foreign investors towards more productive ventures beyond real estate. Statistical data from the Ministry indicates:

• Chinese nationals: 6,521 applications
• Turkish nationals: 1,115 applications
• Lebanese investors: 717 applications
• United Kingdom investors: 511 applications
• United States investors: 369 applications

The Greek authorities also implemented changes in September regarding the program, including increased financial requirements for investments in popular regions like Santorini and Mykonos.