Can you sell property after obtaining a Golden Visa?

Real estate purchased to obtain a Golden Visa in Greece can be sold. However, the investor’s residence permit is directly linked to maintaining the investment basis. Therefore, the sale cannot be treated as a standard transaction that does not affect the status of the owner and their family.

What happens to the Golden Visa after the sale

To renew the residence permit, the investor must confirm that the property remains in their ownership and possession. After a sale, this condition is no longer met. According to the requirements of the Decentralized Administration of Attica, the property must remain in the investor’s ownership.

Do not assume that the Golden Visa will automatically remain valid until the date indicated on the card. Selling the property can be grounds for termination of the permit, and it will not be possible to renew it without a new suitable investment. The residence permits of family members depend on the status of the main investor: if they lose the basis for the Golden Visa, this directly affects the permits of the spouse, children, and parents.

Can you buy another property and keep the residence permit

Replacing a property does not happen automatically. The investor must coordinate the procedure with an immigration lawyer in advance, especially if the goal is to maintain the residence permit while changing properties.

The safest option is to first purchase a new property that meets the current Golden Visa requirements, register the title, and prepare the supporting documents. Only then should the sale of the previous property be planned.

Depending on the situation, updating the immigration file or a new application may be required. The new property is evaluated according to the rules and investment thresholds in effect at the time of the transaction. Property that qualified for the program a few years ago does not necessarily meet today’s conditions.

Can the buyer obtain a Golden Visa

The buyer does not automatically receive a residence permit along with the property. They must independently meet the program requirements, pay for the property in an acceptable manner, and submit a separate application. If the value, category, and characteristics of the property meet current rules, the new owner can use the purchase as a basis for their own Golden Visa.

What to check before selling

Before putting the property on the market, it is necessary to check documents, land registry registration, the E9 declaration, ENFIA charges, permits, and the absence of encumbrances. A notarial deed may require documents from an engineer, an energy certificate, and proof of tax clearance. If the property has illegal modifications or discrepancies with plans, these must be settled in advance.

It is also important to calculate the costs for a lawyer, notary, agency, document preparation, and potential tax consequences.

How to plan an exit from an investment

AILIT Group helps evaluate property, prepare it for sale, and select a new object according to the investor’s goals.

Explore investments in the Old Town of Chania, learn how a foreign investor can buy a plot and build a property, and view plots for construction in Crete.

Conclusion

You can sell property after obtaining a Golden Visa, but the sale terminates the basis on which the investment residence permit was issued. To avoid losing your status, a new investment and the re-registration procedure must be prepared before selling the previous property.