Introduction :
The Greek Golden Visa is one of the most attractive residency-by-investment programs in Europe. While the general minimum investment is now €500,000 in most high-demand areas, a key legal exception allows investors to obtain a Golden Visa for just €250,000—through commercial properties converted to residential use.
What is the Greek Golden Visa?
The Greek Golden Visa grants 5-year renewable residency to non-EU citizens who invest in real estate. Residency applies to the whole family (spouse + children under 21), with no requirement to live in Greece.
“Smart investors don’t follow the market—they find the legal edge within it. The €250K Golden Visa via conversions is that edge. “
John Doe
The Legal Exception: €250,000 Minimum for Conversions
As of the 2023 law, most urban areas like central Athens or Santorini require a €500,000 minimum property investment.
However, there’s a clear exception:
If the property was previously used as a commercial space (office, warehouse, shop, etc.) and is legally converted into a residential unit, the investor is eligible for Golden Visa at €250,000—regardless of the location.
This includes high-demand zones like:
• Central Thessaloniki
• Piraeus
• Parts of Athens
The conversion must be fully completed and legally documented before the application.
Why It’s a Smart Investment
• Access to top locations at half the price
• High rental yield due to central urban demand
• Capital appreciation post-conversion
• Strong resale potential as demand for residential housing rises
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Golden Visa Eligibility Checklist for Converted Properties
✔ Property was formerly commercial
✔ Urban planning & conversion permit issued
✔ Construction completed
✔ Change of use officially registered in the cadastre
✔ Price exceeds €250,000
Conclusion
This exception provides a golden window for smart investors to enter top markets at low entry points. At YunanistanAltinVize.com, we specialize in sourcing legally converted properties, verified by our legal team.
Contact us today to access the best €250K Golden Visa listings.