Greece Golden Visa: Permits to be revoked for rule breaches
Greece's Ministry of Migration and Asylum states that residence permits will be revoked for investors who bypass purchase price rules or short-term rental bans.
- Residence permits will be canceled for hidden discounts or lowered purchase prices.
- Subleasing properties for short-term rentals under the program is strictly prohibited.
- The enforcement aims to ensure long-term housing availability in the market.
Greek real estate market and the Golden Visa program.
The Greek Minister of Migration and Asylum outlined the government's policy regarding the Golden Visa program during an event in Athens. He clarified that residence permits will be revoked if investigations reveal agreements reducing the actual purchase price or attempts to bypass short-term rental prohibitions through subleasing. The minister noted that the program aims to encourage investments that add properties for long-term use and address housing availability. Chinese investors currently hold the top position in the program, followed by investors from Turkey, Israel, and the UK. This information is general and does not constitute legal advice.
Yavanet will keep updating from official sources.
