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Tue, Oct

Government Overhauls Golden Visa Rules to Tackle Housing Crisis

Government Overhauls Golden Visa Rules to Tackle Housing Crisis

Hellenic Shipping News

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he Greek government is preparing a major overhaul of its Golden Visa program as part of a broader push to address the country’s housing crisis. The plan is part of the National Strategy for Housing Policy 2026 to 2035, which was approved by the Government Committee on Housing Policy and published in the Government Gazette. It sets out 50 measures with a combined budget of more than 6.5 billion euros.

A new visa category tied to long term rentals

Among the changes is a new Golden Visa category linked exclusively to long term leasing. The Golden Visa program grants residence permits to non EU nationals who invest in Greek real estate above set thresholds.

Under the planned category, investors will be able to acquire a portfolio of more than one property rather than putting their money into a single unit. The properties must be used exclusively for long term rental, with short term leasing explicitly excluded and a monitoring mechanism put in place to track how they are used.

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