An amendment to the government will be tabled, according to what the Minister of National Economy and Finance said, speaking today (20.03. 24) at MEGA. Specifically, Kostis Hatzidakis noted that the amendment will be tabled within the week for golden visa. “The government has already made an intervention in December for Airbnb. The real estate market has risen unexpectedly. The government sees that rents have gone up more than inflation, so we also intervened in short-term lease.” “After December we treat those who have over 3 properties Airbnb as entrepreneurs and are subject to the VAT regime. On the other hand, we do not want to “kill” the short-term lease regime because it is an additional income for many families, and increase tourist accommodation,” the Minister went on to say. He pointed out that “we also have the golden visa whose issue will be addressed with a new perspective. Transactions made with golden visa in real estate are 7% of transactions. That is why in golden visa, we will go to places that are more touristic, and we will go the limit to 800,000 euros to get golden visa, in the rest of the areas 400,000 euros.” He then added that “we believe that the lower limit for golden visa, this pushed the prices upwards. And that’s why Athens went up from 250,000 to 500,000, now going to 800,000. Now the investment will be for real estate and not real estate for a house that wants to buy, for example, a couple. We keep prices low in the preserves, because there are many abandoned ones that are difficult to repair so we give its owners a chance and sell them to those who want to get golden visa to invest in them.”
What the draft changes to golden visa will provide for – By the end of the week the amendment
—