Specifically:
1. By decision of the Secretary General of the Decentralized Administration or the Directorate for Migration Policy of the Ministry of Migration and Asylum, a residence permit for five years, subject to renewal, is granted to a third-country national who:
2. The minimum value of the real estate property, as well as the contractual consideration of hotel accommodation or tourist residences leases of this Article, is determined at two hundred and fifty thousand (250,000) euros or 500,000 euros depending on the location of the property, and must have been paid in full upon the signing of the contract.
The increase of the minimum investment amount, depending on the area where the property is located, will apply from August 1st, 2023.
“ The consideration is paid by a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer, as defined by Law 4537/2018 article 4, par. 24 (Official Government Gazette Α΄ 84) to a beneficiary’s bank account held in a payment service provider, as defined by Law 4537/2018 article 4 par. 11 operating in Greece or through a POS installed by a payment provider, operating in Greece, by charging a debit or credit card issued by a bank in the name of the buyer, to a beneficiary’s account held in a payment service provider, as provided in Article 4(11) of Law 4537/2018, operating in Greece. The afore-mentioned payments may be also executed by the buyer’s spouse or family members by blood or affinity, up to 2nd degree”.
By joint decision of the Ministers for the Interior and Finance, the value of the above real estate property may be adjusted and shall result from the property value stated in the contracts or from the lease agreements.
3. To third country nationals, real estate property owners, the possibility of leasing that property is granted.
4. The above third-country national may be accompanied by the members of his family to whom, at their request, an individual residence permit is issued, that expires together with the residence permit of the sponsor.
Family members shall mean:
5. The above permit may be renewed for an equal duration, each time, provided that the real estate property remains in the ownership and possession of the third-country national or the agreements of paragraph 1 of this remain in force and all other requirements, provided by law, are fulfilled. Periods of absence from the country shall not disrupt the renewal of the residence permit.
"The resale of the real estate property during the period of validity of the residence permit, to another third-country national shall provide the right to the granting of residence permit to the new buyer with simultaneous withdrawal of the vendor's residence permit."
Once you obtain the Permanent Residency, you have the opportunity to apply for Greek citizenship:
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