GOLDEN VISA – REAL ESTATE INVESTMENT IN THE CONTEXT OF CHANGE OF USE FROM COMMERCIAL TO RESIDENTIAL
Following the legislative changes introduced by Article 64 par. 1 of Law 5100/2024, the provision of Article 100 par. 2 case c of Law 5038/2023 provides for the possibility of obtaining a permanent investor residence permit (Golden Visa) with a minimum investment amount of €250,000 in real estate, provided that a lawful change of use of the property to residential has been carried out.
This category includes properties such as:
GOLDEN VISA – PURCHASE OF VACANT LAND AND CONSTRUCTION OF A RESIDENTIAL PROPERTY
Pursuant to the provisions of Article 100, paragraph 2, cases a and b of Law 5038/2023, it is possible to obtain a permanent investor residence permit (Golden Visa) by purchasing a vacant land and constructing a residential property. In this case, the investment is considered valid provided that a building permit has been issued and either the total value of the land purchase and construction or only the value of the construction amounts to at least €400,000 or €800,000, depending on the area where the property is located.