Greece Golden Visa via Commercial to Residential Conversion

Turnkey delivery from acquisition to residence permit

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Why this route?

Greece’s updated Golden Visa framework allows investors to qualify with €250,000 when the property is converted from non‑residential (commercial/industrial) to residential use—an exception to the €400,000 (most regions) and €800,000 (high‑demand areas such as Attica/Athens, Thessaloniki, Mykonos, Santorini and islands >3,100 residents) thresholds for standard, ready residential purchases.

What we do (end‑to‑end)

We handle the entire lifecycle—so you don’t have to.

  1. Investment Strategy & Sourcing

Market scan, area & asset selection, due diligence pack (title, planning, technical, environmental), and financial modeling.

  1. Acquisition

Offer & SPA negotiation, notary coordination, bank account & AFM (tax) number support, escrow, completion.

  1. Planning & Design

Architectural concept, change‑of‑use feasibility, permitting roadmap, budget & timeline, contractor tender.

  1. Construction & Delivery

Project management, site supervision, QS/cost control, code compliance (MEP, fire safety, insulation, accessibility), snagging & handover with as‑built documentation.

  1. Golden Visa Application

Legal file preparation, biometrics appointment, state fees, digital residence permits for qualifying family members, and renewals.

  1. Asset Management (optional)

Long‑term leasing strategy and property management (note: short‑term rentals are restricted—see compliance below). 

Program snapshot (2025)

  • Minimum investment
  • €250,000: If you convert a non‑residential/industrial asset to residential (no minimum sqm for this exception).
  • €400,000: Ready residential in most regions (single property ≥120 sqm).
  • €800,000: Ready residential in high‑demand areas (single property ≥120 sqm). 
  • Key timing rule for conversions

The change of use must occur on or after 5 April 2024 and the conversion must be completed before submitting your residence‑permit application. Conversion can be executed by either the seller or the buyer.

  • Industrial sites

Non‑operational industrial buildings (≥5 years inactive), extensions/extra floors, or new independent buildings on the same plot can qualify if the end‑use is residential.

  • Single‑property rule & size

Standard purchases must be a single property ≥120 sqm (auxiliary spaces can be included in the purchase price but don’t count towards 120 sqm). The 120 sqm minimum does not apply to the €250k conversion route.

  • Leasing rules

Properties acquired under the program cannot be used for short‑term rentals (e.g., Airbnb); long‑term leasing and certain commercial/tourism leases are permitted under conditions. Grandfathering applies to some pre‑existing cases.

Our conversion pathway: step‑by‑step

1. Pre‑acquisition diligence (2–4 weeks)
  • Title & encumbrances check, town‑planning/zoning analysis, structural & MEP walk‑through, budget & timeline validation, exit/lease strategy.
2. Secure the asset (1–2 weeks)
  • Reservation, PoA to our legal team, bank KYC, tax number, notary preparation, SPA execution, funds to escrow, completion and registration.
3. Planning & permitting (4–12 weeks, project‑dependent)
  • Architectural drawings, change‑of‑use permit, revised fire & safety plans, construction method statements, contractor appointment.
4. Construction & compliance (3–8 months, scope‑dependent)
  • Demolition/partitioning, new plumbing/electrical, HVAC, insulation/energy upgrade, façade works, fire‑safety systems, accessibility. Interim inspections and certifications. (Typical conversion works include new permits, rewiring, plumbing, insulation, walls, façade, fire safety, etc.) 
5. Handover & legalization (2–3 weeks)
  • As‑built plans, energy certificate, completion sign‑offs, land registry updates—now the property is residential.
6. Golden Visa submission (2–6 weeks)
  • File compilation (purchase deed, proof of funds, insurance, family documents), application lodgment, biometrics, and digital permits issuance for main applicant & dependents.

Important: For the €250k route, we target completion of conversion before filing to match the legal requirement. 

What it costs (illustrative)

  • Acquisition: €250k+ (conversion route) or €400k/€800k for ready residential depending on area. 
  • Transaction: Taxes, notary, legal, registry (budget ~10–13% depending on structure).
  • Conversion: Scope‑based CAPEX—defined after technical survey and design.
  • Our fees: Fixed + success‑based, transparent milestones (inquire for a tailored proposal).

Eligibility & who can be included

  • Non‑EU/EEA/Swiss main applicant, 18+, clean criminal record, health insurance in Greece.
  • Family: Spouse/partner, children up to 21 (extendable under conditions), and dependent parents (case‑by‑case).
  • Residence permit: 5‑year renewable, no minimum stay requirement. (General program terms; we’ll confirm current family definitions and renewal rules at onboarding.)

Compliance checklist (we manage it for you)

  • Asset is non‑residential at purchase and converted to residential after 5 Apr 2024.
  • Conversion completed before GV application.
  • Investment meets the €250k minimum for the conversion route (or €400k/€800k for standard purchases).
  • Single property rule respected (and ≥120 sqm if you choose the standard, non‑conversion path).
  • Short‑term rentals not allowed; align with long‑term or qualifying tourism leases. 

Why partner with us

  • Specialized in conversion assets: Access to vetted, permit‑ready pipelines that meet the €250k exception. 
  • Full regulatory alignment: We build to code, deliver the correct use class, and file only when conversion is complete. 
  • Transparent costs & timelines: Milestone‑based budgeting and reporting, with independent QS oversight.
  • After‑care: Long‑term leasing, renewals, and exit planning.

FAQs

Yes—if the asset is a non‑residential property that is converted to residential and the conversion occurs on/after 5 Apr 2024 and is completed prior to application. Otherwise, standard ready‑residential thresholds apply (€800k in high‑demand areas like Athens).

No. Short‑term letting is prohibited for properties acquired under the program (limited carve‑outs apply to grandfathered cases). We guide you to compliant long‑term strategies.  

No—current rules require a single property (combining multiple properties is no longer allowed), except that the 120 sqm minimum doesn’t apply to the €250k conversion route.

Qualifies if it has been inactive for ≥5 years and is converted to residential; extensions/extra floors and new buildings on the same plot can also qualify when the end‑use is residential.  

Contact us

Let’s get started

  • Book a consultation for a tailored conversion strategy.
  • Receive a shortlist of vetted assets matching the €250k pathway.
  • We’ll deliver keys‑in‑hand and your Golden Visa—with full legal, technical, and immigration support.

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