Investing in real estate in Greece guarantees foreigner property owners access to the country’s Golden Visa program. A major selling point is that this also means that the foreign investor is exempt from the country’s normal visa requirements
This visa allows the holder residency in Greece for five years with the option to renew or extend their residency. Considered another major advantage by foreigners who already have this visa is the fact that the visa holder has very few obligations and restrictions related to their visa. Besides not having to meet all the regular visa requirements Golden visa holders also need not spend a minimum number of days a year in Greece and their visa is extended to their children up to the age of 21.
An added bonus is that this visa, under certain conditions, could lead to citizenship.
However at €250,000 + taxes and fees (just over €300,000 in total) this program still offers the most cost effective way of obtaining European residency.