New Opportunity: Golden Visa via Conversion from Commercial or Industrial to Residential Use
One of the most significant recent innovations concerns the possibility of obtaining a Golden Visa through the change of use of a property from commercial or industrial to residential.
Legal Basis: Article 100 of Law 5038/2023
This provision, introduced by Article 100 of Law 5038/2023allows investors to obtain the Investor Residence Permit with a minimum investment of EUR 250,000, provided that a lawful change of use of the property to residential has been carried out after the entry into force of the relevant legislative framework.
Market Impact: Revitalization of Properties and Urban Development
This provision is expected to give a new, significant boost to the real estate market, as it broadens the options available to investors and encourages the utilisation of inactive or underused commercial and industrial premises by converting them into high value-added residences. At the same time, it contributes to the regeneration of the urban fabric and to the creation of new investment momentum in areas with an untapped stock of properties.
Current Trends: Shifts in Demand for Greece’s Golden Visa Program
At the same time, interest in the Golden Visa programme in Greece is taking shape in a changing environment. Recent data from the Ministry of Migration show a significant decline in applications in 2025, following the changes to investment thresholds and eligibility requirements, which has led to a redistribution of investor interest, with a strong presence of investors from Turkey and Israel alongside the steady Chinese market.
NEXUS Law Firm’s Expertise in Property Use Conversion and Golden Visa Acquisition
The Nexus Law Firm, with a large international client base and many years of experience in providing legal support to investors, specialises in matters relating to the change of use of properties and the acquisition of a Golden Visa.