A Smarter Path to Residency: Greece Redirects Golden Visa Toward Housing and Urban Renewal

Joint Ministerial Decision 214926/2025, published in November 2025, sets out detailed rules for how Golden Visa capital can be directed into property purchases, building conversions, and combined land-and-construction projects. The decision is explicitly framed around housing supply and urban renewal — rewarding investment that brings underused buildings and sites back into productive use rather than simply changing hands.

For investors, the practical effect is a program that increasingly favours renovation and conversion projects — turning older commercial or residential stock into modern housing — over the purchase of already-completed new-build units at the entry threshold. It's a deliberate policy tilt: using foreign capital to help solve a domestic housing shortfall, not just to sell finished apartments.