In a critical update for investors and prospective Greek residents, the cost of the Greek Golden Visa is set to increase significantly starting September 1, 2024. William Hakim, a leading authority on Greek Residency by Investment, warns that delays beyond August 30 will result in a dramatic hike in costs.
Currently, investors can secure a Golden Visa by purchasing property for as little as €250,000 in certain areas. However, from September, this minimum threshold will rise to €800,000 in prime locations such as Attica, Thessaloniki, Mykonos, and Santorini. For other regions, the minimum investment will increase to €400,000.
Hakim emphasizes the urgency, stating, “If you delay until September, you could miss out on the opportunity to invest at the current rates. Prepare to dig much deeper into your wallet if you wait, as the new minimums come into effect right after August 30.”
Investors have a final opportunity to benefit from the lower thresholds by making a property purchase, paying a 10% advance, and signing a pre-contract by August 30. The full investment must be completed by December 31, 2024, to lock in the current rates.
Don’t miss this chance to secure a Greek Golden Visa at the existing lower rates. For guidance and to take advantage of this opportunity, contact MICS Global now.
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