250.000 Euros is the amount recently defined, with which foreigners can invest in Greek real estate market in order to acquire the right to a residence permit in the country. The amount used to be 300.000 Euros previously.
According to the Greek Minister of Development, a residence permit for five years will be granted to foreigners, if they own a property of at least 250,000 Euros.
The same right is possessed to those who want to enjoy their holiday at a short term rental or lease the simple and this will be proved by an, at least, 10-year contract. The visitor has to have rented either in a hotel or in furnished holiday residences or even in holiday complexes.
In these cases as well, the rental price should be at least 250,000. Residence permit can be gained for the family members of the investors/ visitors.