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Last opportunity for real estate investment in Greece

Greece Golden Visa increases the investment amount from 250 thousand Euros to 500 thousand Euros for the property acquisition route. Vesta Global Co-Founder Teuta Narazan explained that with this step, Greece aims to make the real estate market more affordable for local people and there is still an opportunity until the early part of the new year to invest at old prices.

Greece is preparing to announce its decision to change the regime regarding the granting of residence permits to third-country nationals invested in the real estate market in the coming days.

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Vesta Global Co-Founder Teuta Narazan stated that Greece is preparing to increase the investment amount for the Golden Visa property acquisition route from 250 thousand Euros to 500 thousand Euros and said, “With this change, the Greek government aims to make the Greek real estate market more suitable for the local people. The aim of this move is to increase the stock of affordable real estate so that new couples and households have more purchasing options. Currently, the ongoing processes and applications to be made until the first hours of the new year will be over 250 thousand Euros. Persons who apply after paying 25% of 250 thousand Euros, ie 62 thousand 500 Euros as an advance, will not be affected by the fee change. Therefore, it is beneficial for those who want to apply by holding their hands quickly.”

Last opportunity for real estate investment in Greece

Narazan, who also offers suggestions to those who want to get a Golden Visa, said, “Due to the backlog before the law change at the end of 2021 in Greece, the processes are taking a long time. Those who are interested should apply immediately and at least start the legal processes and choose their investments, all these transactions can also be done online.”

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