Three months ago, Greek Prime Minister Mitsotakis publicly announced that the threshold for Greek golden visa would be raised from 250,000 euros to 500,000 euros. The news immediately ignited the market, and Greek property immigration ushered in another climax in the following mo

Three months ago, Greek Prime Minister Mitsotakis publicly announced that the threshold for Greek golden visa will be raised from 250,000 euros to 500,000 euros. The news immediately ignited the market, and Greek property immigration ushered in another climax in the following months. But as the end of the year approaches, many new applicants are gradually worried about whether they will be rejected by the new policy. So today we will talk about whether applying for Greek immigration can catch up with the old certificate? When will the new policy come? What changes will be made?

Greece golden visa immigration based on buying a house has always been the most passionate way of immigration for European people. The reason why Greece is so popular is inseparable from its unique advantages. Greece is the only country in the world where minors can immigrate alone, and it is also one of the few countries in the world that do not have any residence requirements, do not need to provide , no proof of crime, no proof of funding, and a family of three generations can immigrate together without additional conditions. Greece's advantages are not available to most countries in the United States, Canada, Australia and Europe.

So will Greece change its government from January 1, 2023? Very unlikely. Although the Greek Prime Minister made a statement, anyone familiar with the Western system knows that important policy adjustments cannot be decided by a certain leader, but must be reviewed and approved by the parliament. The current news is that the Greek government is still communicating and consulting with relevant organizations, including the Federation of Real Estate Brokers, to collect opinions from all parties to polish the details of the new policy to avoid and reduce negative impacts on citizens and national interests. It coincides with the Western Christmas holiday on December 25 and the Greek National Day on March 25, so it is unlikely that the new policy will be introduced in a short period of time. Moreover, after the new policy terms are determined, they will generally be announced 2-3 months in advance so that relevant departments can have sufficient time to arrange adjustments and transitions.

Will the Greek Golden Visa increase the price across the country? Probably not. So far, more than 90% of foreigners have concentrated in Athens to buy houses, while other regions have only received a small amount of overseas investment. Therefore, it is expected that the new policy will raise the threshold for investment in golden visas in hot spots such as northern, southern and central Athens, while other regions are likely to remain unchanged.

So what areas are there that are likely to increase prices in Athens?

Northern Rich Regions in Athens: Kifissia, Marousi, Melissia, Vrillisia, Dionysos and Ekali, etc.

The coastal middle-class areas in the southern Athens: Paleo Faliro, Alimos, Elliniko, Glyfada, Voula, Vouliagmeni, Vari.

Is it still time to handle Greece now? According to international practice, most immigration applications submitted before the change of government will be approved according to the old political approval. In other words, as long as investors quickly select houses and transfer their ownership, and submit immigration applications in a timely manner, they will generally be safe to get ashore. Of course, the specific details have not been announced, so there is still some uncertainty. In addition, since November 16, the Greek government has opened an online residence permit application channel, and there is no need to make an appointment to queue for on-site applications, which has greatly shortened the application period.

Greece has the lowest cost of all home-buying immigrant countries, and it also has a lot of unique advantages. After the policy adjustment, even if only some regions raise the threshold for investment immigration, the value of other regions is greatly reduced, whether they are self-occupied or invested. So for friends who want to obtain European residence rights through Greece, this last bus is really not to be missed.