All you need to know about investments and other questions that you may have.
Do I need a lawyer / attorney to buy property in Greece?
Yes. Both parties involved in a deal, Purchaser and Seller require legal assistance. It’s part of the principles of the sale in Greece for the past 25 years.
The lawyers take a full legal control of the acquired real estate, full search, confirm the existence of the right of ownership from the seller, identify the legal purity of the object real estate (encumbrances, lawsuits, arrests, and so on to buy property, in addition, that the lawyer acts as a guarantor that all taxes the property owner had paid the transfer of property.
Do I need a notary to buy property in Greece?
Yes. The notary is essentially an official state attorney-lawyer who handles and records all real estate transactions, including its preparation and review of all official documents for ownership to ensure the legality of the transfer of sale and property.
Do I need a surveyor to buy property in Greece?
Do I need an accountant to buy property in Greece?
Do I need a Greek bank account?
Yes. Opening a bank account is necessary. Firstly for all the payments of real estate you purchase, in addition this account will prove that funds used for property purchase have come into Greece from another country and therefore are not taxable in Greece.
Additionally, the utilities in Greece can be paid through a Greek bank account. Opening a bank account in Greece takes a few minutes, but you will need to provide proof of residence and your income. You also need your identity card or passport and AFM (tax number). No minimum balance is required to for the account to open.
Do I need a tax number in Greece (AFM)?
All applicants must present their passport and sometimes their birth certificate. If you provide your authorized lawyer/attorney a full power of attorney, he/she can apply for an AFM on your behalf.
Do I need a residence permit for the purchase of property in Greece?
Should I be present at the signing of the contract?
Notary contract of sale is usually prepared by a lawyer and appointed for specific dates and times, all payments and fees are paid in advance to a lawyer on your behalf, so that the deal itself does not take more than 2 hours.
The presence of an official interpreter staff is obligatory, since a very few buyers are fluent in the Greek language in which the contract is made.
Do I have to apply tax declaration in Greece when I became the owner of a property in Greece?
This condition is mandatory for each owner in Greece, even for those who live abroad and have no income in Greece.
We recommend contacting a professional accountant, who will fill in and submit this form for you.
Do I have to pay annual property taxes?
Do I have to pay capital gains tax if I decide to sell your property?
Do I need to obtain a license if I want to rent their property (houses, villas, apartments)?
The second is a short-term (vacation) lease: when the property is registered in the Hellenic Tourism Organization (EOT) and rent through an agency on behalf of the owner.
Can I buy property in someone else's name?
Can I get a mortgage in Greece? If so, what are the requirements?
Can I work in Greece or to open a business?
Can I take my car to Greece?
What is the cadastral value of the property?
As a rule, the cadastral value of the property is significantly lower than its purchase price. You must pay the agreed contract price.
What will happen to the reservation deposit for the property, if the lawyer discovers any legal problems with the property?
What happens if I change my mind to buy the selected property?
What happens if the seller decides not to sell the property?
What type of property insurance is recommended?
Some insurances include options for flood damage, liability insurance and damage caused to third parties (eg, neighbors), etc.
Where to buy in Greece?
Property near the sea in a famous resort area will cost more, but will be much easier to sell on. On the mainland, the objects may be more expensive especially around the capital of Athens but offer higher returns on investment.
How do I transfer funds to purchase real estate?
How long will it take to buy a property that I have chosen?
How much I have to pay extra to cover the costs associated with buying property in Greece?
Still Have Questions?
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