Last chance for a Golden investment opportunity: Greece’s golden visa property market

• Whether you’re looking to reside in Greece, invest in exquisite properties, navigate the residency process, curate personalized travel experiences, or host unforgettable events, ‘The Greek Project’ partners with the best to combine local expertise with unparalleled service, ensuring every detail is flawlessly executed.

Katerina-Athena Piperigos, Founder & CEO of “The Greek Project,” a boutique Greek real estate and bespoke travel agency, discusses why now is the opportune moment to invest in Greece for permanent residency.

The Greek Golden Visa Program is considered the most successful and affordable residence-by-investment program in Europe. Successful applicants and their families benefit from visa-free travel to Europe’s Schengen Area within approximately five months of applying. Once the golden visa is obtained, it can be maintained for a lifetime, and citizenship may be applied for under certain conditions.

In light of recent governmental announcements regarding Greece’s Golden Visa Program, the minimum investment threshold is set to nearly double starting August 31, 2024. Therefore, timing is crucial to act before the new regulations take effect!

“This is where we come in,” said Mrs. Piperigos. “At ‘The Greek Project,’ we strive to provide our clients with a holistic and timely experience.”

Specializing in Greek real estate ‘sales, rentals, renovations’, residency solutions, bespoke travel, and events, we are dedicated to turning your dreams of investing, living, traveling, and celebrating in Greece into reality.

Whether you’re looking to reside in Greece, invest in exquisite properties, navigate the residency process, curate personalized travel experiences, or host unforgettable events, The Greek Project partners with the best to combine local expertise with unparalleled service, ensuring every detail is flawlessly executed.

Considering that timing is crucial to invest before the golden visa property investment doubles, at ‘The Greek Project’, we ensure you receive up-to-date and trustworthy legal advice. We provide a selection of excellent property investments, schedule and book your trip to Greece, and organize property viewings on your behalf. We guide you through the entire purchasing and golden visa application process from A to Z. For any inquiries, you can contact the company directly via email at kap@thegreek-project.com or find it on its new Instagram page @thegreekproject.co.

Having started this journey into Greek investments while being based in Kuwait, “we understand the Middle Eastern clientele and make sure to provide an experience tailored to their wants and needs,” says Katerina-Athena Piperigos.

“Kuwait was a stepping stone to understanding the Middle Eastern mentality, which is actually very close in many aspects to the Greek one and the company’s goal is to be your trustworthy partner in Greece,” he added.

Golden Visa: What you need to know

Currently, investors may still apply under the current EUR 250,000 minimum threshold, provided they select a property in certain regions, make a 10% deposit by August 31, 2024, and finalize the investment by December 31, 2024. After this period, the cost of the Greece Golden Visa Program is set to rise from the current minimum investment of EUR 250,000 to a minimum of EUR 400,000, or EUR 800,000 in regions where it currently stands at EUR 500,000.

The revised law specifically increases the minimum investment threshold to 800,000 euros for Athens, Thessaloniki, Mykonos, Santorini, and Greek islands with a population exceeding 3,100. For all other regions in Greece, the minimum investment will remain at 400,000 euros.

Why invest in Greece?

Local and foreign investors have recognized Greece’s incredible potential, viewing it as the next big thing. As a European Union member state, Greece remains the economic hub of Southeast Europe—an ideal gateway to the Middle East, Western Europe, and North Africa, and an emerging logistics hub for the entire region.

Greece is, without a doubt, one of the most beautiful countries in the world. With a Mediterranean climate that prevails throughout the year, unique cultural and historical significance, amazing cuisine, friendly people, and excellent facilities and infrastructure, Greece is a destination for all four seasons.

Moreover, Greece boasts a rapidly growing economy, with attractive opportunities across multiple sectors. The government’s efforts to foster a business-friendly environment, coupled with the country’s vast potential, have opened new frontiers, attracting investors from around the globe, including the Gulf region. Large-scale investments such as “The Ellenikon” in the Athens Riviera—one of Europe’s largest ongoing projects—are already underway, setting the stage for consistent growth across various sectors in the next decade.

For inquiries, you can contact the company directly via email at kap@thegreek-project.com or find it on its new Instagram page @thegreekproject.co