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Commercial to Residential Conversions: The €250k Loophole

Investors can still access the €250,000 Golden Visa threshold anywhere in Greece by converting commercial properties into residential use. Here is our step-by-step guide.

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One of the most powerful strategies in the post-2024 Golden Visa landscape is the commercial-to-residential conversion. This allows investors to purchase office or retail space in prime areas (even those with the €800k threshold) and qualify for residency at just €250,000.

How It Works

  1. Identify a commercial property (office, retail, warehouse) in your target area
  2. Purchase at €250,000 or above
  3. Apply for change-of-use permit from the municipality (takes 2-4 months)
  4. Complete renovation to residential standards
  5. File for Golden Visa with the property classified as residential
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