The appeal of the Greek primary real estate market extends far beyond modern architecture and sunny Mediterranean living. For international buyers, the country offers one of the most attractive residency-by-investment schemes in Europe: the Golden Visa Program. This program is not just a strategic legal pathway; it is a powerful catalyst that significantly enhances the value proposition of purchasing a new-build property in Athens.
Investment Threshold and Primary Market Synergy
The Golden Visa grants a five-year residence permit to non-EU citizens who invest in Greek real estate. Currently, the minimum qualifying investment is €250,000 in most areas of Greece. This threshold, which may be adjusted in the future for certain high-demand zones, makes it one of the most accessible programs of its kind. While older properties qualify, the synergy of combining the Golden Visa with a primary market purchase is particularly compelling. New developments offer guaranteed compliance with modern standards, energy efficiency, and a fresh start, which often appeals to those seeking a secure long-term investment.
Unlocking Mobility and Family Benefits
The benefits are extensive. Firstly, the permit provides the legal right to reside in Greece and, crucially, to travel freely within the entire Schengen Zone, which includes 27 European countries. This significantly upgrades an investor’s global mobility and the lifestyle quality for their family. The program also allows the main investor to include their spouse, children under 21 (or up to 24 if they are students), and dependent parents, making it a comprehensive solution for family planning and long-term stability. Furthermore, the permit does not require the holder to live in Greece for a minimum period, offering flexibility for investors who prefer to use the property as a holiday home or a long-term rental asset.
Navigating the Purchase and Residency Process
For those considering an investment, the application process involves several detailed legal and financial steps. This includes thorough property valuation, due diligence, and liaising with the Greek authorities. This is where professional guidance becomes indispensable. To secure both a prime new-build apartment and the residence permit efficiently, expert assistance is essential. More details on the benefits of purchasing new-build real estate through a professional agency are available in the main article, which provides an overview of the Athens property market and the comprehensive support offered by specialists like Avezor Greece.
A Dual Opportunity for Global Investors
Ultimately, the Golden Visa program is a dual opportunity: it secures a high-quality, potentially income-generating asset in a growing European capital while simultaneously achieving EU-level residency and mobility for the entire family. Its existence continues to drive high-net-worth individuals and serious investors toward Athens, making it a fundamental factor in the market’s ongoing success and a key consideration for any foreign buyer.