Frequently asked questions

Greece offers a pleasant Mediterranean climate with mild winters and dry summers, as well as an impressive variety of landscapes, including numerous islands and coastlines. The good accessibility through numerous airports and ferry connections, as well as the legal transparency in the real estate sector, make Greece an attractive location for real estate purchases.

The purchase process involves several steps:

• Selecting the property: We will help you find a suitable property that meets your expectations.
• Legal review: A lawyer will review the ownership and ensure that the property is unencumbered.
• Tax number (AFM): You will need a Greek tax number to complete the purchase.
• Sales contract: A notary draws up the sales contract, which is signed by both parties.
• Land registry entry: The property is registered in your name in the land registry. We will support you through to the land registry entry and beyond.

In addition to the purchase price, the following costs are incurred:

• Land transfer tax: This is usually 3% of the purchase price.
• Notary and solicitor fees: These vary depending on the services provided.
• Estate agent fees: Usually 2% of the purchase price plus VAT.
• Land registry fees: These depend on the value of the property.

We will let you know all the costs in advance so that there are no surprises.

Yes, EU citizens can purchase property in Greece without any problems. For non-EU citizens, there are certain restrictions in border areas, but in most cases, purchase is possible.

Our experienced lawyers will check all the legal documents relating to the property and ensure that it is free of any legal hurdles or encumbrances. This way, you can be sure of playing it safe.

It is highly recommended to hire a lawyer to guide you through the purchase process, carry out the legal review and ensure that all formalities are completed correctly.

The AFM can be applied for at the local tax offices. To do so, you will need a valid passport or ID card. A lawyer or tax advisor can assist you with this process.

After the purchase, annual property taxes are to be paid, which depend on the value and location of the property. In addition, income taxes may apply if you generate rental income.

In some border regions and on certain islands, there are restrictions for non-EU citizens. It is important to find out about any restrictions before making a purchase.

Some Greek banks offer mortgage loans to foreigners. Alternatively, you can realise the purchase through equity or financing from your home country.