- New Deadline: Greece extended the Golden Visa property contract deadline to February 28, 2025.
- Eligibility: Investors who paid a 10% deposit before August 31, 2024, are eligible for the extension.
- Investment Thresholds: The €250,000–€500,000 thresholds remain valid for eligible contracts.
- Program Updates: Minimum investment was raised in popular regions to address housing shortages.
- Economic Boost: The extension could finalize 3,000 property deals, generating €750 million revenue.
- Affected Areas: Changes primarily impact high-demand regions like Attica, Santorini, and Mykonos.
- Housing Prices: The program has caused property prices to rise, impacting local affordability.
- Government Strategy: Greece balances foreign investment and local housing needs with this extension.
- Market Impact: More time allows investors to secure properties under favorable conditions.
- Golden Visa Appeal: The program continues to attract global interest, benefiting Greece’s economy.
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