The Greek government is overhauling its Golden Visa Program to combat housing speculation and improve housing access. Key updates include stricter investment rules, easier application procedures, and standardized documentation. Investors can no longer buy apartments for short-term rentals like Airbnb; instead, the program encourages long-term leases and investments in social housing or property renovation.

New incentives are introduced for converting unused industrial buildings into residences, with requirements for technical reports and restoration confirmations.

Investments in land development now count both purchase and construction costs, aiming to foster new housing developments.

Electronic submissions are now allowed. Applicants must have private insurance and pay new and additional fees (€2,000 e-fee, €180 consular fee).

The reforms focus on reducing speculation, revitalizing neglected properties, and promoting sustainable investments that benefit residents and the real economy.