T
he Greek government has revamped its Golden Visa scheme to streamline applications, standardise paperwork, and channel investment into housing projects. Under the new framework, non‑EU investors buying real‑estate assets—historic sites, industrial sites, land or rental ventures—must follow uniform procedures, submit applications, provide insurance proof, notarised contracts and meet minimum dwelling size requirements. From 2024, short‑term rentals are banned for new investments, encouraging leases and shared‑use arrangements. Investors are rewarded for restoring derelict industrial sites and historic buildings, with compliance reports. The reforms aim to curb speculation, expand long‑term housing for locals and boost the programme’s economic impact. “The new rules increase available properties, encourage conversions, ban short‑term rentals and raise investment thresholds,” said Migration Minister Thanos Plevris, underscoring a more balanced market.