How can I invest in an ongoing real estate development project for my Greek Golden Visa application?

I want to know if it is possible to invest the required 250,000 euros in a real estate project that is under construction and obtain a Greek Golden Visa. If so, what documents do I need to submit? If the project fails before completion, will my approved Golden Visa be revoked?

Answers

On January 11, 2020 Stilianos Proestakis answered:

With a real estate project, even if it is under construction, it is possible for an investor to obtain a Greek Golden Visa when the required investment is at least 250,000 euros.

On January 12, 2020 Vasiliki Papaloi answered:

Yes, you can invest 250,000 euros in a project that is under construction. You should provide the purchase contract of the plot and the construction contract, which should be certified by the tax office.

On January 12, 2020 Sofia Raisaki answered:

According to the law, you have to buy a property that values 250,000 euros. Otherwise, you can invest in shares or deposits.

On January 13, 2020 Mary Tsiganou answered:

Of course, it is possible to invest in a real estate project under construction. You are entitled to a Golden Visa if you will submit among other documents a valid contract with a minimum of 250,000 euros. The second possibility is to buy a semi-finished property by paying the money needed for the property finished. This is a legal issue. In case that your property, as finished one, costs 250.000 euros, you have to proceed to a contract with installments payment as per the progress of the building. Of course, your visa application will be submitted at the end of the works and upon the delivery of the property. In any case, it is advisable to address a legal or consultancy company to be successfully informed about the issues.

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