Greek legislation concerning the Acquisition of a Golden Visa (Investor Residence Permit) is constantly evolving, offering new opportunities to third-country nationals who wish to invest in Greece, with a minimum investment amount of €250,000.
One of the most significant recent innovations concerns the possibility of obtaining a Golden Visa through the conversion of a real estate property’s use from commercial or industrial to residential.
This provision, established under Article 100 of Law 5038/2023, allows investors to acquire an Investor Residence Permit with a minimum investment of €250,000, provided that a legal change of use of the real estate property to residential has been completed after the entry into force of the relevant legislative framework.
This measure is expected to give new and substantial momentum to the real estate market, as it expands the available options for investors and encourages the utilization of inactive or underused commercial and industrial spaces, by converting them into high value-added residences. At the same time, it contributes to the upgrading of the urban fabric and the creation of new investment dynamics in areas with untapped property stock.
Meanwhile, interest in Greece’s Golden Visa program is developing within a changing environment. Recent data from the Ministry of Migration show a significant decrease in applications in 2025, following changes to investment thresholds and requirements, leading to a redistribution of investment interest – with strong participation from investors from Turkey and Israel, in addition to the steady Chinese market.
NEXUS Law Firm, having a large international clientele and extensive experience in legal support for investors, specializes in cases involving property use conversion and Golden Visa acquisition.
We offer high-quality and full legal support to investors coming from both EU and non-EU countries. It is in our everyday practice to solve legal issues on this field, as also to consult our clients how to increase their benefits and profits.
