Latest / IMI Podcasts / New Greek Golden Visas Processed in 3 Months, Says MIBS Group’s Saranti

Transcript

New Greek Golden Visas Processed in 3 Months, Says MIBS Group’s Saranti · IMI Podcasts

• 0:00
  SPEAKER_00: During IMI Connect Miami earlier this month, MIBS Group Business Development Manager Katerina Saranti discussed how Greece has tackled its golden visa processing backlog, which grew considerably during the past year.
• 0:15
  SPEAKER_00: Processing times previously stretched to 20 months, but the government's decision to open a new Athens office and distribute applications across regions has dramatically improved efficiency.
• 0:28
  SPEAKER_00: Saranti reports that recent cases have received approval within three months.
• 0:33
  SPEAKER_00: To avoid delays at the overloaded Athens office, lawyers now direct investors toward regional authorities like Alexandrupoli in northern Greece, where applications move markedly faster.
• 0:44
  SPEAKER_00: Saranti, however, emphasizes that investors must consider their long-term plans, as all future permit renewals must occur at the original application location.
• 0:54
  SPEAKER_00: The program offers real estate investment options at€800,000,€400,000, and€250,000 levels.
• 1:04
  SPEAKER_00: She says most investors focus on the€250,000 tier, converting industrial, commercial, or office buildings into residential properties.
• 1:15
  SPEAKER_00: These repurposing projects typically transform 50 to 60 square meter office spaces into compact residential units between 35 and 50 square meters.
• 1:28
  SPEAKER_00: She notes that a major development following this model will launch soon.
• 1:32
  SPEAKER_00: The renovation and repurposing initiatives support broader urban renewal goals.
• 1:38
  SPEAKER_00: She explains that the government aims to revitalize underutilized areas and breathe new life into former industrial zones through these property conversions.
• 1:50
  SPEAKER_00: This episode first appeared as an article by Ahmed Abbas on emidaily.com.
• 1:56
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• 2:04
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