Updated: June 2026

Case study · Greece · Residence permit

How a Small Greek Island Opened the €400,000 ThresholdInstead of €800,000 for Golden Visa

The client wanted real estate specifically on a Greek island - the sea, views, atmosphere. But after the reform, the famous islands fell into the premium zone with an €800,000 threshold, which was beyond budget. The solution lay in a legal detail: not all islands are equal. Small islands with population below a certain threshold do not fall into the premium zone - and the €400,000 threshold applies there. We explain how we used this.

Sergey EvdokimovSergey EvdokimovManaging Partner, BRIDGESReading time9 min readVerificationReviewed by an expert

This case is based on a real matter. The name and certain identifying details have been changed to protect confidentiality.

BRIDGES client story - How a Small Greek Island Opened the €400,000 Threshold Instead of €800,000 for Golden Visa
Contents

Case at a glance

Situation, solution and outcome in seven lines

Client
Property buyer seeking island real estate
Objective
Greece Golden Visa with island home
Program
Greece, Golden Visa (Residence Permit through real estate investment, path to permanent residence and EU citizenship)
Challenge
Premium islands fall within the €800,000 threshold
Solution
Small island with population under approximately 3,100 inhabitants - €400,000 threshold
Logic
Premium zone is determined by population density, not the word "island"
Result
Golden Visa on island at €400,000 threshold

Client story

Client Story

Where they started

The client's request was emotional and understandable: I want to live with a view of the Aegean Sea, on an island. The problem lies in the numbers. After the Greece Golden Visa reform, the most famous islands (Mykonos, Santorini, and other large ones) entered the premium zone with an entry threshold of €800,000. The client's budget was calculated for €400,000, and it seemed the island dream would have to be postponed.

Why the standard route did not work

But it is important to understand exactly how the premium zone boundary was drawn. It is not "all islands are expensive." The premium threshold of €800,000 is tied to specific locations and large, populated islands. Small islands, however - with population below the established threshold (approximately 3,100 inhabitants) - do not fall into the premium zone and are subject to the general level of €400,000. That is, one island differs from another: it is not about the word itself, but about the population of the specific island.

What BRIDGES had to solve

This opened up a solution. Instead of pushing toward an expensive premium island, we began searching for a small island - one that by population does not reach the premium threshold and therefore provides entry at €400,000, while maintaining that very island quality of life that was the whole point.

Why a standard answer would not do

At BRIDGES, we selected a suitable small island and property on it, verifying that by status it fell within the €400,000 threshold rather than the premium zone, and completed the transaction. The client obtained both an island and a Golden Visa - twice as cheap as a home on a premium island would have cost.

I specifically wanted an island, with a sea view - it was my dream. But I was told that islands now cost 800 thousand euros, and my budget is 400. BRIDGES explained that the expensive ones are large, populated islands, while small islands with fewer people go at the 400 thousand threshold. They found such an island and a property on it, verified the status, and completed the deal. As a result, I have a home on a Greek island and a Golden Visa for 400 thousand, not 800. I did not even know that islands were divided by population - and that solved everything.

Alexander · Property BuyerThe name and certain identifying details have been changed to protect confidentiality.

What Was at Risk

What Was at Risk

There was no disaster - there was a risk of abandoning the dream or overpaying. By deciding that "all islands cost €800,000," the client could either drop the island idea or unnecessarily enter the premium zone. The key was knowing that the premium threshold is tied to population density and finding a small island falling within the €400,000 threshold.

Not all islands fall into the €800,000 premium zone;

  1. 01Premium status is tied to large, populated locations;
  2. 02Small islands (population below threshold, approximately 3,100 inhabitants) are at €400,000;
  3. 03The status of a specific island must be verified before the transaction;
  4. 04The word "island" in the name does not automatically mean premium threshold.

The logic of the solution

How the matter progressed: from checks to result

The chart is built from the facts of this matter and shows the logic of the work without decorative or unverified data.

  1. 01
    Stage 1

    We analyzed the premium zone logic. First, we explained to the client that the €800,000 premium threshold is tied to population density and specific locations, not to all islands uniformly. This opened the path to a more cost-effective solution.

  2. 02
    Stage 2

    We identified the small island criteria. We focused on islands with populations below the premium threshold (approximately 3,100 residents) that fall under the general €400,000 level.

  3. 03
    Stage 3

    We selected the island and property. We found a small island meeting the criteria and suitable real estate on it—preserving that island lifestyle quality.

  4. 04
    Stage 4

    We verified the status before purchase. We confirmed that the selected island's status falls under the €400,000 threshold, not the premium zone—to ensure the transaction proceeded at the correct level.

  5. 05
    Stage 5

    We completed the purchase. We finalized the transaction for the property on the small island within the €400,000 threshold.

Takeaway. Conclusion: Greece's €800,000 premium threshold is tied to location population density, not the word "island"; small islands with populations below the threshold qualify at €400,000. Island status is verified before purchase.

How we solved the challenge

How we solved the challenge

The work was split into verifiable stages so that every conclusion rested on documents.

  1. 01

    Stage 1

    We analyzed the premium zone logic. First, we explained to the client that the €800,000 premium threshold is tied to population density and specific locations, not to all islands uniformly. This opened the path to a more cost-effective solution.

  2. 02

    Stage 2

    We identified the small island criteria. We focused on islands with populations below the premium threshold (approximately 3,100 residents) that fall under the general €400,000 level.

  3. 03

    Stage 3

    We selected the island and property. We found a small island meeting the criteria and suitable real estate on it—preserving that island lifestyle quality.

  4. 04

    Stage 4

    We verified the status before purchase. We confirmed that the selected island's status falls under the €400,000 threshold, not the premium zone—to ensure the transaction proceeded at the correct level.

  5. 05

    Stage 5

    We completed the purchase. We finalized the transaction for the property on the small island within the €400,000 threshold.

  6. 06

    Stage 6

    The client obtained the Golden Visa. The client secured Greece's residence permit with a home on an island at the €400,000 threshold—half the cost of a premium island, without abandoning the dream.

Expert comment

This is a compelling case because the client thought he would have to choose between his dream and budget, but ultimately no choice was necessary. After the reform, everyone assumed islands automatically cost €800,000. However, the premium zone is tied to population density, not the word "island." Large, well-established islands—yes, premium. But small islands where permanent population is below the threshold, around three thousand one hundred residents, are not in the premium zone and qualify at €400,000. We searched specifically for that: a small island with the required status and a quality property on it. We definitely verified the status before the transaction to avoid miscategorizing the zone. As a result, the client obtained a genuine Greek island with sea views and a Golden Visa for €400,000 instead of €800,000. Knowledge of this legal detail literally cut the entry cost in half.

Sergey Evdokimov, Managing Partner, BRIDGESSergey EvdokimovManaging Partner, BRIDGES

Outcome

What the client received

What was required
How we accomplished it · Result
Island within €400k budget
small island instead of premium · dream without overpayment
Correct threshold
island status verification · €400,000, not €800,000
Suitable property
selection on small island · island lifestyle quality
Obtain residence permit
transaction + application · Golden Visa obtained
Obtain residence permit
transaction + application · Golden Visa obtained

The situation: the client wanted property on a Greek island, but premium islands after the reform start from €800,000, while the budget was €400,000. What we did: analyzed premium zone logic; identified small island criteria; selected the island and property; verified the status before purchase; completed the transaction. What the client obtained: Greece's Golden Visa with a home on a small island at the €400,000 threshold.

Practical takeaway

What matters in a similar situation

  • Conclusion: Greece's €800,000 premium threshold is tied to location population density, not the word "island"; small islands with populations below the threshold qualify at €400,000. Island status is verified before purchase.
  • The client obtained an island at half the cost—because we selected a small island at the €400,000 threshold rather than an expensive premium island.

FAQ

Questions people ask in a similar situation

01Do all Greek islands cost €800,000 for Golden Visa?

No. The €800,000 premium threshold is tied to population density and specific locations. Large, well-known islands fall within the premium zone, while small islands with populations below the threshold do not—the €400,000 threshold applies there.

02What is the population guideline for a small island?

Benchmark - approximately 3,100 residents: islands with populations below this threshold are typically not classified as premium zones. The exact status of a specific island must be verified before the transaction.

03Is it possible to purchase a property on an island for €400,000?

Yes, if it is a small island not included in the premium zone. In this case, the general threshold of €400,000 applies, rather than the premium €800,000. The quality of island living is preserved.

04Why is it important to verify the status before the transaction?

To ensure that your chosen island falls within the €400,000 threshold rather than the premium zone. A mistake regarding the zone would mean a higher entry threshold.

05What does Greece's Golden Visa offer in perspective?

This is a Residence Permit through real estate investment, which, if conditions are met, leads to Permanent Residence and further to the possibility of EU citizenship. Please clarify specific details with a consultant.

06Dreaming of a home on a Greek island within €400,000?

We will select a small island that meets the €400,000 threshold by population, verify its status before the transaction, and find a suitable property - so you can get both an island with a sea view and a Golden Visa at half the cost of a premium zone.

About the author

Sergey Evdokimov

Author: Sergey Evdokimov

Managing Partner, BRIDGES

As Founder and Managing Partner of BRIDGES, I am responsible for the firm's strategy and personally lead its most complex client matters, including cases in which citizenship or residence decisions require a strategic view and consideration of capital.

I begin by defining the objective: the outcome the client needs, the facts that affect the choice, and the matters that require further review. I then establish the available directions, the sequence of work, and the key decision points.

Once the strategy has been agreed, I oversee the BRIDGES team's key decisions and remain involved at the stages that shape the course of the matter. The purpose is to give the client a clear rationale for the chosen direction and a precise understanding of the next steps.

Prepared on the basis of BRIDGES practice and reviewed by a subject-matter expert.

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Anna KovalevskayaHead of Legal, BRIDGES
Anna Kovalevskaya, Head of Legal, BRIDGES

Names and certain details have been changed to protect client confidentiality. The result described reflects one specific situation and is neither a public offer nor a guarantee of a similar outcome. Programme terms are stated as of 2026 and may change - please confirm current parameters with a BRIDGES consultant.