We remind that, according to Article 100 of Law 5038/2023, as amended by Article 64, paragraph 4 of Law 5100/2024, which governs the legal framework for obtaining a residence permit through investment in real estate (Golden Visa), third-country nationals were allowed to complete their investment under the regime that was in effect until the entry into force of Law 5100/2024 (minimum property value of €250,000) by December 31, 2024, provided that either a 10% advance payment on the purchase price or the total contractual rent amount was made, or a notarial pre-agreement was signed, or a private agreement with a fixed date and proof of the bank’s credit transfer to the seller’s account was provided by August 31, 2024.

In the event that the property or properties are not purchased within the specified time limit, the third-country national may complete their investment in another property or properties no later than April 30, 2025.

The deadline of December 31, 2024, has been extended to February 28, 2025, under the provisions of Article 37, paragraph 1 of Law 5167/2024.

Maria Aikaterini Papadopoulou
Lawyer
LLM in History and Theory of Law, Law School of Athens, National and Kapodistrian University of Athens
LLM in Civil Law, Law School of Athens, National and Kapodistrian University of Athens
LLM in Commercial Law, Law School of Democritian University of Thrace