07/09/2026
🚨 Major update on the Greek Golden Visa program: During his speech at the 90th Thessaloniki International Fair (TIF) yesterday, Prime Minister Kyriakos Mitsotakis announced that securing a Golden Visa will become significantly more expensive. The property transfer tax for residential purchases by non-EU citizens is set to surge from 3% to a massive 15%.
Beyond the headline, this drastic policy shift raises serious questions for prospective buyers and the broader market:
📊 Higher CapEx: A 12% tax jump adds tens of thousands of euros to upfront acquisition costs, without adding any underlying value to the asset itself.
📉 Yield Compression: Higher entry costs directly dilute projected rental returns (ROI), fundamentally changing the underwriting model for investors.
⏳ Race Against the Clock: Will there be a reasonable grace period for pending deals, or do investors need to fast-track their contracts immediately?
While the Greek residency program remains attractive for lifestyle and European mobility, buyers are now forced to carefully weigh this added tax burden against expected returns.
PropertyMarket RealEstateGreece