Beyond the headline investment, several other costs apply to a Greece migration case.
- It has a Mediterranean climate with hot, dry summers and mild, sunny winters.
- A European Union member since 1981 and part of the eurozone, Greece uses the euro (EUR).
- Greece belongs to the Schengen Area, allowing free movement across much of Europe.
The Golden Visa residence card is valid for five years and renews while the investment is held.
The programme sets no minimum-stay requirement, which suits busy investors.
The core investment
Since August 2024 the minimum investment rose to around EUR 800,000 in prime areas such as Athens, Thessaloniki, Mykonos and Santorini.
In many other areas the threshold is roughly EUR 400,000, with lower tiers for certain heritage-restoration projects.
The permit covers the whole family, including spouse, dependent children and both sets of parents.
Government and legal fees
The Greek passport is strong, offering visa-free access to most countries worldwide.
The Golden Visa is a residence permit, distinct from citizenship, which still requires real, lengthy residence.
An immigration file needs a police clearance and personal documents, notarised and legalised.
Residency maintenance costs
Fresh food, sunny weather and a relaxed pace are big pluses.
- The Vietnamese community is small but present in Athens.
- Opening a bank account requires a passport, tax number and residence documents.
- Summers can be very hot, so choose a home with air-conditioning and near the sea if possible.
- The cost of living in Greece is among the most comfortable in the EU.
- Rents outside central Athens are often softer than in many Western European cities.
Family costs
The public health system (ESY) serves residents, though many add private insurance.
Residence holders must register a tax number (AFM) and a social-security number.
Public transport in Athens includes a convenient metro, buses and trams.
Estimated total budget
Greece runs a Golden Visa programme granting residence to real-estate investors.
Holders enjoy free movement within the Schengen Area without a separate visa.
Besides property, investors may qualify through bonds, shares or bank deposits at set thresholds.
Need a tailored roadmap?
Viking Global Group walks with you from paperwork to settlement. Call +849.219.219.88 or email [email protected] for a free consultation.
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- Greece tourist visa: how it works
- The people of Greece: character and way of life
- Investment & Residency
Frequently asked questions
What costs make up Greece investment migration?
Beyond the investment itself, costs include property transfer tax, notary and land registry fees, legal fees, agent commissions where applicable, government fees for each family member's permit, health insurance, translations and legalisation of documents, and travel for biometrics.
What ongoing costs should investors expect?
Annual property tax, building or community charges, maintenance, property insurance, utilities if the home is empty, permit renewal fees and income tax on any rental income. These costs continue for as long as the investment and permit are held.
Why do published cost tables quickly become outdated?
Regional thresholds, tax rates, government fees and rental rules have changed repeatedly. An old table can lead to a seriously wrong budget. Ask a lawyer to prepare a cost estimate under the rules currently in force for the specific property and family.
Do costs differ by location?
Yes. Minimum investment thresholds are higher in areas of strong demand such as Athens, Thessaloniki and popular islands, and property prices, local taxes and service charges also vary. Location choice has a major effect on the total cost.
How can families estimate the real total cost?
Shortlist specific properties, have a lawyer estimate transaction taxes and fees, add permit fees per person, insurance, document costs and a scouting trip, then include several years of running costs and a contingency for currency movements before deciding.
Information is for reference and may change under the latest official policy. Please contact us for current regulations.
