Your resident permit is safe.
Ask A Question | Learn more about Greece
What happens if my residence bought for a Greek Golden Visa is damaged?
I recently bought a home in Greece but am worried about if it is significantly damaged, such as by fire, and I don’t have adequate insurance. If I were to lose the home by something like that or some kind of other natural disaster, would I have to buy another residence to maintain my visa?
Answers
-
-
No, you wouldn't have to buy another one since authorities don't check (and don't really mind) if the house you bought actually exists or not.
-
For the renewal of your resident permit, among the documents required to renew, is that the acquired property remains under the possession and ownership of the applicant certified by the land registry. So there is no need to buy another property for keeping your resident permit. But in any case, an insurance contract for fire and earthquake dangers is really necessary for every property owner and is under low cost.
Call Us
+1-800-347-9390
