Buying Property in Greece
Greece is one of the top destinations for foreigners who wish to invest in real estate abroad. Furthermore, a non-EU national who buys immovable property valued at 400.000€ can obtain a 5 year residence permit.
Standard Procedure
- Find the right property
- Due diligence performed by a lawyer
- Issue a Tax Identification Number (TIN) for the byer
- Examination of the seller’s necessary documentation
- Payment of the transfer tax by the buyer
- Conclusion of the sales-purchase agreement before a notary public
- Payment of the purchase price
- Registration of the contract with the land registry
Basic Taxes and Fees
- Transfer Tax – 3,09% on the property value
- Land Registry Fees – approx. 0,5% on the property value plus VAT24%
- Notary Public Fees – tiered rate depending on the property value (0,65% for a €400.000 property plus VAT24%)
- Lawyer’s Fees
- Real Estate Agent Fees
Our Legal Services
We provide legal services and consultation in all stages of the procedure. Our experienced lawyers will guide you through the process, prepare and file all necessary paperwork, contact and liaise with all the involved parties and the competent Greek authorities and handle all legal formalities and complications that may arise.
Our services include:
- Introduce you to a reliable real estate agent and provide guidance at finding the right property
- Apply for and obtain a Tax Identification Number
- Perform the due diligence procedure
- Prepare and examine all relevant documentation necessary for the transaction
- Prepare the sales/purchase contract and negotiate any terms and amendments
- Calculate and arrange payment of the transfer tax and all other fees/amounts
- Represent the buyer before the Notary Public at the signing of the contract
- Draft a POA in case the buyer does not wish to appear in person at the signing of the contract
- Register the contract at the competent land registry
- Translator’s services in all stages of the procedure
If you are interested in buying a property in Greece or need more information, please use the Contact Form, email us at info@gaganas.com or call us at +30 210 7209800 to consult directly with one of our lawyers.