Renting Out Golden Visa Properties in Greece

Is long-term rental permitted?

A Golden Visa property owner can rent out their property under a standard long-term lease agreement. For example, an apartment or villa can be leased to a family, a company employee, or another tenant for several months or years.

The lease agreement must be registered with the Greek tax authorities. The income generated must be declared in Greece, and the owner must pay the applicable taxes. Long-term rental is particularly suitable for investors who prefer stable income without the hassle of managing tourists, cleaning, and check-ins.

Can the property be listed on Airbnb?

Properties purchased under current Golden Visa rules cannot be used for short-term rentals via Airbnb, Booking.com, or similar platforms. This restriction applies to properties that serve as the basis for obtaining an investment residence permit. Violating these rules may lead to fines and complications when renewing your residence permit.

Important considerations for properties worth from 250,000 euros

Special restrictions apply to properties converted from commercial to residential use:

• Such premises cannot be used for short-term rentals.
• A property purchased under this Golden Visa category cannot be used as a registered office address or a company branch.

Who can manage the property?

The owner does not need to personally find tenants or monitor the property. Management can be delegated to a specialized company that will handle advertising, viewings, contract signing, payment collection, maintenance, and communication with the tenant.

How to calculate real profitability

Rental income should not be evaluated solely by the monthly rate. It is necessary to account for income tax, the annual ENFIA tax, insurance, utility bills, repairs, vacancy periods, and management fees.

Investors should explore real estate in Hersonissos, investment opportunities in Heraklion, and properties in Almyrida.

AILIT Group helps select properties for the Golden Visa, assess rental potential, calculate expenses, and organize ongoing property management.

Conclusion

Golden Visa properties can be rented out on a long-term basis but cannot be used for short-term tourist accommodation. Before purchasing, it is crucial to verify not only the property’s compliance with the program but also its permitted usage model.