Greek Golden Visa Processing Times Now Shorter After Recent Updates

Greece has successfully addressed Greek Golden Visa processing, reducing approval times from 20 months to just 3 months. This improvement comes after the opening of a new office in Athens and the redistribution of applications across regional authorities.

These helps to significantly avoid delays, as in other regions like Alexandroupoli in northern Greece, processing is notably faster and smoother.

However, applicants should note that all future permit renewals must be handled in the region where the original application was processed, making the choice of location an important consideration.

New Real Estate Investment Tiers for Greece Golden Visa:

Greece offers 3 options for investors to secure residency while diversifying their real estate portfolios:

• €800,000
• €400,000
• €250,000

The €250,000 tier is the most popular option, with many investors focusing on converting industrial, commercial, or office buildings into residential properties. These conversion projects typically transform 50-60 square meter office spaces into 35-50 square meter residential units.

These renovation and repurposing initiatives align with the government's broader urban renewal goals, which aim to revitalize underutilized areas and former industrial zones through property conversions.