Thessaloniki Golden Visa Investments: Advantages, Risks and Legal Process in 2026

Introduction

Thessaloniki Golden Visa investments continue to attract non-European Union nationals who wish to acquire Greek residence through real estate. Thessaloniki offers investors the possibility of combining a European residence permit with ownership of property in one of Greece’s most important urban markets.

However, the legal framework has changed significantly. The historical €250,000 threshold no longer applies to the ordinary purchase of residential property in Thessaloniki.

Under the current Greek Golden Visa legislation, the standard minimum investment for property located anywhere within the Regional Unit of Thessaloniki is €800,000. This rule is not limited to the historic centre or the Municipality of Thessaloniki. It also covers properties situated in other municipalities falling within the same regional unit. Official Greek administrative guidance identifies the Regional Unit of Thessaloniki as one of the areas subject to the €800,000 investment threshold.

The standard investment must also satisfy additional requirements concerning the legal identity and surface area of the property. Properties falling under the standard €800,000 route must generally be structured as a single qualifying investment and contain at least 120 square metres of legally recognised main-use space. Residential property acquired under the revised Golden Visa rules may not be used for short-term rental activity.

Nevertheless, certain properties in Thessaloniki may still qualify at the lower €250,000 threshold. These special routes principally concern:

• Commercial or industrial properties lawfully converted into residential use;
• Listed or protected buildings requiring restoration or reconstruction.

The €250,000 exceptions are legally distinct from the ordinary acquisition of an apartment, house or villa. They require additional planning, technical and documentary compliance.

This article examines the advantages, legal requirements, risks, taxes and application stages associated with Thessaloniki Golden Visa investments in 2026.

What Is the Greece Golden Visa Program?

The Greece Golden Visa is a residence-by-investment program available to qualifying third-country nationals.

A third-country national is generally a person who is not a citizen of Greece, another European Union Member State, the European Economic Area or Switzerland.

The program enables an eligible investor to obtain a Greek residence permit after completing an investment recognised under the Greek Migration Code. Real estate remains one of the principal investment routes.

A qualifying property-based permit is generally issued for five years. It may be renewed for further five-year periods if the investor continues to satisfy the relevant ownership and immigration conditions. Current official procedures for investment permits confirm a five-year validity period.

The Golden Visa is not the same as Greek citizenship. It does not immediately provide:

• A Greek passport;
• European Union citizenship;
• An unrestricted right to work in Greece;
• A right to settle permanently in another EU Member State;
• Automatic Greek tax residence;
• Guaranteed naturalisation after a fixed period.

It should therefore be understood as a renewable residence permit connected to the continuation of a qualifying investment.

Legal Framework Governing Thessaloniki Golden Visa Investments

The principal legislation governing the current program is Law 5038/2023, which contains the Greek Migration Code.

Article 100 regulates residence permits connected to real estate investments. The framework was materially amended by Article 64 of Law 5100/2024, which introduced the current regional thresholds, property-size requirements and special investment categories. The official Greek administrative registry continues to identify these laws as the legal basis of current Golden Visa procedures.

The relevant legal structure distinguishes between:

1. Standard acquisitions in high-demand regions;
2. Standard acquisitions in the remaining areas of Greece;
3. Commercial-to-residential change-of-use investments;
4. Investments involving listed or protected buildings;
5. Certain long-term tourist accommodation or timeshare arrangements;
6. Other qualifying capital investment routes.

Thessaloniki falls within the highest standard real estate investment category.

Does the €800,000 Threshold Apply to All of Thessaloniki?

The €800,000 threshold applies throughout the Regional Unit of Thessaloniki.

This is broader than the central Municipality of Thessaloniki. An investor cannot assume that a property is subject to the €400,000 threshold merely because it is located outside the historic centre, waterfront or principal urban neighbourhoods.

The legal test is based on the property’s official administrative location.

The higher threshold may therefore apply to properties in metropolitan, suburban or peripheral areas that remain administratively within the Regional Unit of Thessaloniki. The title deed, cadastral record and municipal identification of the property should be examined before the investor signs any reservation or preliminary agreement.

The €800,000 rule does not automatically extend to the entire Region of Central Macedonia. Properties located in regional units outside Thessaloniki may generally fall under the €400,000 standard threshold, subject to their exact administrative and geographical classification.

For example, mainland properties in other parts of Central Macedonia should be analysed according to the statutory default rule applicable outside the designated €800,000 zones. A marketing description such as “near Thessaloniki” has no independent legal significance.

The Standard €800,000 Property Route

A standard Thessaloniki Golden Visa property investment must generally satisfy three principal conditions:

1. The qualifying acquisition value must be at least €800,000;
2. The investment must relate to a qualifying property structured in accordance with the single-property rule;
3. Developed property must generally contain at least 120 square metres of main-use space.

Minimum Acquisition Value

The amount stated in the notarial purchase deed must meet the applicable €800,000 threshold.

Additional expenses do not normally count toward the statutory minimum. The following amounts should therefore not automatically be treated as part of the qualifying property value:

• Transfer tax;
• Notary fees;
• Lawyer’s fees;
• Real estate commission;
• Furniture costs;
• Renovation expenses;
• Property management fees;
• Residence permit fees;
• Translation and legalisation costs.

An investor purchasing a property for €760,000 cannot ordinarily reach the threshold by adding €40,000 of furniture or professional expenses.

The contractual price must also represent a genuine and fully documented transaction. Artificially increasing the stated value may create civil, tax, banking and anti-money-laundering risks.

Single-Property Structure

The current standard framework generally requires the investment to be completed through one qualifying property rather than by combining several unrelated units.

An investor should not assume that it is possible to acquire:

• Four apartments worth €200,000 each;
• Two apartments worth €400,000 each;
• Several student studios;
• Separate hotel rooms;
• Multiple offices with independent titles.

Several units located within the same building may still constitute separate legal properties if they have individual title deeds, cadastral numbers or horizontal ownership registrations.

The investor’s lawyer must examine the legal identity of the proposed property. Physical connection between units does not necessarily transform them into one property.

Particular attention should be paid to buildings marketed as “one investment project” where the title structure actually consists of numerous independent apartments or commercial units.

The 120-Square-Metre Requirement

The standard €800,000 route generally requires a developed property, or a property for which a building permit has been issued, to have at least 120 square metres of main-use space. Enterprise Greece confirms that the revised Golden Visa framework imposes the 120-square-metre requirement on standard residential investments.

The advertised surface area is not always the legally relevant area.

A sales listing may include:

• Storage rooms;
• Parking spaces;
• Balconies;
• Terraces;
• Basements;
• Common areas;
• Enclosed semi-outdoor spaces;
• Unauthorised extensions;
• Areas legally registered for auxiliary use.

The qualifying space should be verified by a Greek engineer using:

• The title deed;
• Building permit;
• Approved architectural drawings;
• Electronic Building Identity;
• Cadastral registration;
• Planning regularisation documents;
• Physical inspection of the property.

A property advertised as 130 square metres may fail the requirement where only 112 square metres are legally classified as main-use residential space.

The €250,000 Change-of-Use Option in Thessaloniki

A property in Thessaloniki may potentially qualify for the Golden Visa with a minimum acquisition value of €250,000 where its main spaces are lawfully converted from commercial or another non-residential use into residential use.

The official procedure states that the investor must acquire full ownership and possession of one qualifying property. The 120-square-metre limitation does not apply to this special route.

Potential properties may include:

• Offices;
• Shops;
• Warehouses;
• Former industrial premises;
• Professional units;
• Commercial floors;
• Other spaces legally classified as non-residential.

The Conversion Must Be Legally Completed

A physical renovation is not sufficient.

Installing a kitchen, bathroom or bedroom furniture does not legally convert an office or shop into a residence. The authorised use of the property must be changed under Greek planning and building law.

The official procedure provides that the change of use must have been completed after 5 April 2024 and before the Golden Visa application is submitted. Where an earlier permit existed, additional updating or revision requirements may apply.

The conversion may be completed by either the buyer or the seller. However, the investor should not complete the purchase or submit the residence application without clear technical certification confirming the legal conversion.

Industrial Property Conditions

Additional requirements apply where the property is located in an industrial building or forms part of a former industrial structure.

The engineer may need to certify that no industrial activity has been installed and operating in the building during the previous five years. Evidence may include utility records, tax documents and other public-authority records.

An environmental assessment may also be appropriate where the property was previously used for manufacturing, storage of chemicals or another potentially contaminating activity.

Risks of Change-of-Use Investments

The €250,000 route is financially attractive but legally complex.

Common risks include:

• The conversion permit has not been issued;
• The permit has been issued but the work has not been completed;
• The property remains legally registered as commercial;
• The building regulation prohibits residential use;
• The conversion does not cover the entire property;
• Fire-safety requirements have not been satisfied;
• The building lacks lawful residential access;
• Unauthorised construction exists;
• The seller provides only a preliminary engineer’s opinion;
• The conversion date does not meet the statutory requirements.

The purchase agreement should contain conditions protecting the investor if the change of use cannot be completed or if the property does not qualify for the intended residence permit.

The €250,000 Listed-Building Option

A separate €250,000 route applies to certain listed or protected buildings.

The investment may concern:

• A listed building;
• Part of a listed building;
• Property on which a listed building is located;
• A protected building that must be restored or reconstructed.

The property must have an official legal designation. It is not sufficient for the building to be old, architecturally attractive or located in a historic district.

The notarial documentation must refer to the relevant Government Gazette or administrative act confirming the listed status of the property.

Restoration Obligations

Listed properties may be subject to strict restoration rules.

Before purchasing, the investor should investigate:

• Whether the entire building or only its façade is protected;
• Which elements must be preserved;
• Whether internal alterations are permitted;
• Whether the intended use is lawful;
• Required approvals from heritage authorities;
• Structural stability;
• Archaeological restrictions;
• Restoration deadlines;
• Estimated renovation costs;
• Consequences of failing to complete the required work.

A €250,000 listed building may require a substantial additional restoration budget. The lower statutory threshold should not be confused with a lower total investment cost.

Independent architectural and engineering reports are essential.

Advantages of Thessaloniki Golden Visa Investments

Renewable Five-Year Residence

The principal legal advantage is a renewable Greek residence permit generally issued for five years.

The permit may continue to be renewed where the qualifying property remains under the investor’s ownership and the statutory conditions continue to be satisfied.

Family Residence Rights

The Golden Visa framework may allow qualifying family members to obtain linked residence permits.

Eligible family members may include, subject to the applicable statutory conditions:

• The investor’s spouse or recognised partner;
• Qualifying unmarried children;
• Certain children of the spouse or partner;
• Parents of the investor;
• Parents of the investor’s spouse or partner.

Each family member requires a separate application, health insurance and residence card. Foreign marriage and birth certificates will generally need to be apostilled or legalised and officially translated into Greek. The Ministry of Migration identifies family documentation and insurance among the supporting requirements of the Golden Visa process.

Schengen Mobility

A valid Greek residence permit generally enables the holder to make short visits to other Schengen countries, subject to the applicable 90-days-in-any-180-day-period framework.

It does not provide an unrestricted right to live, work or remain permanently in another Schengen state. Longer residence in another country requires compliance with that country’s immigration legislation.

No Automatic Tax-Residence Consequence

Purchasing property and obtaining a Golden Visa do not automatically make the investor a Greek tax resident.

Residence-permit status and tax-residence status are governed by different rules. A non-resident is generally liable in Greece for Greek-source taxable income, including qualifying income arising from Greek real estate. Double-taxation agreements may affect the final tax treatment.

Possibility of Long-Term Rental Income

Although short-term rental activity is prohibited for properties acquired under the revised framework, lawful long-term leasing may remain possible, depending on the property category and compliance with Greek tenancy and tax law.

A long-term lease should be properly documented and declared to the Greek tax administration.

The investor should also ensure that the lease does not violate:

• The property’s authorised use;
• Condominium regulations;
• Golden Visa restrictions;
• Restoration obligations;
• Contractual limitations in a development or management agreement.

Principal Risks of Thessaloniki Golden Visa Investments

Incorrect Investment Threshold

One of the most serious risks is purchasing a property below €800,000 under the mistaken belief that the €400,000 threshold applies outside central Thessaloniki.

The entire Regional Unit of Thessaloniki is subject to the higher standard threshold.

Outdated €250,000 Marketing

Many property advertisements still refer to the historical general €250,000 threshold.

An ordinary residential apartment in Thessaloniki does not qualify merely because its purchase price is €250,000. The lower threshold applies only to specific statutory categories such as compliant change-of-use properties and listed buildings.

Defective Title

Property ownership may be affected by:

• Mortgages;
• Prenotations of mortgage;
• Seizures;
• Inheritance disputes;
• Court proceedings;
• Easements;
• Cadastral errors;
• Unregistered ownership rights;
• Seller authority problems.

A Golden Visa marketing certificate does not replace an independent title investigation.

Planning and Construction Violations

A property may have clear title but still contain serious planning defects.

Examples include:

• Unauthorised balconies;
• Enclosed terraces;
• Illegal basement conversions;
• Extensions not shown in approved plans;
• Incorrect property use;
• Inaccurate surface-area declarations;
• Missing Electronic Building Identity documentation.

Technical due diligence must be completed independently from legal title due diligence.

Short-Term Rental Prohibition

Residential property acquired under the revised framework may not be used for short-term rental platforms.

Enterprise Greece expressly confirms the prohibition on short-term rental use.

Investors should therefore reject financial projections based on Airbnb-style income unless independent legal advice confirms that the particular arrangement is lawful.

Misleading Guaranteed Returns

Some developments are sold with rental guarantees, buyback undertakings or fixed-return promises.

These are private contractual obligations. They are not guaranteed by the Greek state merely because the property is promoted as a Golden Visa investment.

The investor should investigate:

• The financial capacity of the guarantor;
• The duration of the guarantee;
• Termination rights;
• Maintenance deductions;
• Vacancy risk;
• Currency risk;
• Dispute-resolution clauses;
• Whether the return is gross or net;
• Whether the proposed rental model is legally permitted.

Source-of-Funds and Banking Risk

The purchase price must be paid through approved and traceable channels.

Official procedures recognise methods such as bank transfer, crossed bank cheque and payment through an authorised POS system. Payment may also be made by certain close relatives, subject to documentary requirements.

The investor should be prepared to provide evidence showing the lawful source of the funds, such as:

• Bank statements;
• Tax returns;
• Company accounts;
• Dividend resolutions;
• Property sale agreements;
• Inheritance documents;
• Employment income records;
• Loan agreements.

Payments to unrelated intermediaries or informal cash arrangements may place the transaction and residence application at risk.

Legal Process for Purchasing Property and Applying

Step 1: Determine the Correct Golden Visa Category

Before selecting a property, the investor should identify whether the transaction will proceed through:

• The standard €800,000 route;
• The €250,000 change-of-use route;
• The €250,000 listed-building route;
• A qualifying tourist accommodation arrangement;
• Another recognised investment route.

This assessment should be completed before a non-refundable reservation fee is paid.

Step 2: Obtain a Greek Tax Identification Number

A foreign buyer generally requires a Greek Tax Identification Number, known as an AFM.

The AFM may be requested electronically. The application may be made by the applicant, a legal or tax representative, or another specifically authorised person.

The AFM will be needed for the property transfer, tax declarations, E9 registration and subsequent property-tax obligations.

Step 3: Appoint an Independent Greek Lawyer

The buyer should appoint a lawyer who is independent from the seller, developer and estate agent.

The lawyer’s work should include:

• Golden Visa eligibility analysis;
• Title investigation;
• Review of planning documents;
• Negotiation of the reservation agreement;
• Review of the purchase deed;
• Payment supervision;
• Cadastral registration;
• Residence application;
• Family applications;
• Renewal planning.

A conflict may arise where the same professional is effectively acting for both the seller and the investor.

Step 4: Execute a Power of Attorney

Many purchase and application steps may be completed through a lawyer under a valid power of attorney.

Official procedures permit applications to be filed through a proxy where the power of attorney is executed before an authorised consular, foreign or notarial authority and carries the required apostille or consular authentication.

The document should grant sufficiently detailed authority for tax, banking, notarial, cadastral and immigration matters.

Step 5: Conduct Legal Due Diligence

The title review should examine:

• Seller’s identity and legal capacity;
• Chain of title;
• Mortgages and seizures;
• Court claims;
• Easements;
• Existing leases;
• Cadastral registration;
• Condominium regulations;
• Property boundaries;
• Seller’s authority to transfer;
• Previous use of the property for another Golden Visa.

The lawyer should provide a written risk assessment before the buyer becomes unconditionally bound.

Step 6: Conduct Technical Due Diligence

A Greek engineer should independently examine:

• The building permit;
• Approved floor plans;
• Electronic Building Identity;
• Main-use surface area;
• Unauthorised construction;
• Planning regularisations;
• Lawful residential or commercial use;
• Structural condition;
• Fire-safety compliance;
• Change-of-use documents;
• Listed-building restrictions.

For a conversion or listed property, the technical review is central to Golden Visa eligibility.

Step 7: Negotiate the Reservation or Preliminary Agreement

The preliminary agreement should identify:

• The exact property;
• The applicable investment category;
• The purchase price;
• The deposit;
• Whether the deposit is refundable;
• Due-diligence deadlines;
• Seller representations;
• Required permits;
• Buyer termination rights;
• Consequences of Golden Visa ineligibility.

A simple statement that the property is “Golden Visa approved” is not sufficient protection.

The buyer should seek a clause allowing termination and repayment if an independent legal or technical review establishes that the property does not qualify.

Step 8: Pay the Transfer Tax

The purchaser is generally liable for Greek real estate transfer tax.

The standard rate is 3% of the taxable property value. The principal tax is also subject to a municipal levy equal to 3% of the transfer tax. The transfer-tax declaration and payment must generally be completed before execution of the notarial deed.

The applicable tax regime should be confirmed before completion, particularly for new developments or transactions potentially affected by VAT rules.

Step 9: Sign the Notarial Purchase Deed

Greek property ownership is transferred through a notarial deed.

The deed should accurately record:

• Buyer and seller details;
• Property description;
• Cadastral information;
• Purchase price;
• Payment method;
• Ownership rights;
• Relevant building documents;
• Golden Visa category;
• Contractual conditions.

The notary must also prepare the required certificate concerning the property, price, method of payment and prior use for another investment permit.

Step 10: Register the Property

The deed must be registered with the competent Land Registry or Hellenic Cadastre.

Official procedures require proof of registration, proof of submission for registration or an appropriate lawyer’s certificate.

Without registration, the buyer may be unable to prove effective ownership for immigration and renewal purposes.

Step 11: Submit the Golden Visa Application

Applications are submitted through the electronic services of the Greek Ministry of Migration and Asylum.

The file will generally include:

• Valid passport or recognised travel document;
• Evidence of lawful entry or qualifying visa status;
• Private health insurance;
• Notarial purchase deed;
• Notary’s certificate;
• Proof of cadastral registration;
• Evidence of payment;
• Government fee receipts;
• Photograph and biometric documents;
• Technical documentation for special property categories;
• Family-status documents where applicable.

Official procedures confirm that applications are filed digitally and may be submitted through a properly authorised proxy.

Step 12: Complete Biometric Enrolment

The applicant must provide biometric data for the electronic residence card.

A lawyer may complete much of the transaction and application remotely, but the applicant will generally need to attend the required biometric procedure.

A biometric data collection centre has operated in Thessaloniki as part of the Ministry’s residence-permit infrastructure.

Government Fees and Processing Period

Current official procedures identify:

• A €2,000 government fee for the principal investor permit;
• A €16 electronic residence-card production fee.

The official estimated administrative processing period for several property-based Golden Visa categories is approximately 50 to 60 days. This is an administrative estimate rather than a guaranteed completion date.

Delays may arise because of:

• Missing documents;
• Cadastral registration problems;
• Incomplete technical certificates;
• Biometric scheduling;
• Security checks;
• Payment discrepancies;
• Requests for additional evidence.

Property Taxes and Continuing Obligations

E9 Declaration and ENFIA

Foreign property owners must register their Greek real estate through the E9 property statement.

They are also generally liable for the annual Unified Property Tax known as ENFIA. ENFIA is assessed by reference to property owned on 1 January of the relevant year.

Rental-Income Tax

A non-resident owner receiving rental income from Greek property is generally liable for Greek tax on that Greek-source income.

The applicable double-taxation treaty between Greece and the investor’s country of residence should also be examined.

Maintenance and Common Expenses

The investor should also budget for:

• Building common charges;
• Insurance;
• Property management;
• Repairs;
• Utility costs;
• Accounting services;
• Tax filings;
• Renovation and restoration;
• Local charges.

The €800,000 or €250,000 investment threshold does not represent the total financial cost of the project.

Renewal and Sale of the Property

The Golden Visa may generally be renewed every five years if the investor continues to maintain the qualifying investment and satisfy the applicable conditions.

Selling the qualifying property during the permit period may result in revocation or prevent renewal. Official procedures for change-of-use and listed-building investments expressly state that resale during the validity of the permit results in simultaneous revocation of the seller’s investor residence permit.

An investor planning to sell should obtain immigration advice before signing a transfer agreement.

Does the Permit Allow Employment?

A property-based Golden Visa does not itself provide access to salaried employment in Greece.

The official administrative procedures expressly state that investor permits do not establish a right of access to employment.

The investor may potentially own shares, receive dividends, collect lawful rental income and hold investments. Personally taking up employment or performing regulated professional activity may require a different permit or professional authorisation.

Rejection and Administrative Remedies

An application may be rejected because of:

• Ineligible property;
• Insufficient investment value;
• Incorrect property classification;
• Defective title;
• Incomplete change of use;
• Missing technical documents;
• Unapproved payment method;
• Public-order concerns;
• Invalid insurance;
• Incomplete family documentation.

Current official procedures provide an administrative remedy against a rejection decision. The request must generally be filed within two months after service of the decision and is subject to a €50 fee.

Depending on the circumstances, further judicial review before the competent Greek administrative court may also be considered.

Frequently Asked Questions

What is the Golden Visa investment threshold in Thessaloniki?

The standard minimum is €800,000 throughout the Regional Unit of Thessaloniki.

Does the €800,000 rule apply only to central Thessaloniki?

No. It applies throughout the Regional Unit of Thessaloniki, not merely the city centre.

Can I purchase two properties worth €400,000 each?

The standard framework generally requires the investment to be structured through one qualifying property rather than several independent units.

Does the property need to be at least 120 square metres?

The 120-square-metre main-use requirement generally applies to the standard €800,000 route.

Can I obtain a Thessaloniki Golden Visa with €250,000?

Potentially. A qualifying commercial-to-residential conversion or listed-building investment may qualify at €250,000.

Does the 120-square-metre rule apply to a conversion property?

No. The official change-of-use procedure states that the 120-square-metre minimum does not apply to that special category.

Can I buy an office and convert it into an apartment?

Potentially, but the conversion must be legally completed and technically certified before the residence application.

Can I use the property for Airbnb?

Short-term rental use is prohibited under the revised Golden Visa real estate framework.

Can the property be rented long-term?

Lawful long-term leasing may be possible, subject to tenancy, tax, building-use and Golden Visa rules.

Can family members obtain residence permits?

Qualifying family members may generally apply for linked residence permits through individual applications.

Does the Golden Visa allow me to work?

No. The investor residence permit does not itself provide access to salaried employment.

How long is the permit valid?

The permit is generally valid for five years and may be renewed while the qualifying conditions continue.

Does purchasing property guarantee approval?

No. The investor, property, payment and application documents must all satisfy the statutory requirements.

Conclusion

Thessaloniki Golden Visa investments remain a valuable residence-by-investment option, but investors must comply with a significantly more demanding legal framework than the former €250,000 system.

The standard property route in the Regional Unit of Thessaloniki generally requires:

• A minimum acquisition value of €800,000;
• A qualifying single-property structure;
• At least 120 square metres of legally recognised main-use space;
• Full payment through approved and traceable methods;
• Proper title and cadastral registration;
• Compliance with the short-term rental prohibition.

Special €250,000 routes remain available for qualifying commercial-to-residential conversions and listed buildings. These options can reduce the minimum acquisition value but increase the importance of planning, engineering, restoration and contractual due diligence.

The investor should never rely solely on an estate agent, developer or seller stating that a property is “Golden Visa approved.”

Before transferring funds, the investor should obtain:

• A written immigration eligibility assessment;
• A complete title report;
• An engineer’s technical report;
• Confirmation of the qualifying surface area;
• Verification of the property’s lawful use;
• Confirmation of any listed status;
• A source-of-funds review;
• A tax and total-cost analysis;
• A professionally drafted purchase agreement.

A properly structured Thessaloniki investment may provide the investor and eligible family members with a renewable five-year Greek residence permit and Schengen mobility. An incorrectly structured transaction may leave the investor with a high-value property that cannot support the intended residence application.

Independent legal and technical due diligence must therefore be completed before the investor signs a binding contract or pays a non-refundable deposit.

Last updated: August 2026.

This article is prepared for general legal information and SEO publication purposes. It does not constitute individual immigration, property, tax or investment advice. The eligibility of each applicant and property must be assessed under the legislation and administrative practice applicable at the time of the transaction.