What fees are involved in buying property in Greece?

Property Transfer Tax: 3.09% of the property's objective value; Notary Fees: 0.8% to 1.2% of property value; Land Registry Fees: ~0.5% of property value; Legal Fees: 1% to 2% of property value; Real Estate Agent Commission: ~2% of property value

How long does it take to buy property in Greece?

Property Selection and Agreement: 1–2 weeks; Engage Professionals and Obtain AFM: 1–2 weeks; Due Diligence: 2–4 weeks; Contract Signing and Registration: 2–4 weeks

What do I need in order to buy property in Greece?

Greek Tax Number (AFM) (required) — Essential for transactions; obtain with valid ID.; Greek Bank Account (required) — Necessary for handling purchase finances.; Identification (required) — Valid passport or national ID needed.; Restrictions or Permits — Non-EU citizens might need permission in certain areas.

Buying Property in Greece

Purchasing property in Greece involves multiple legal steps including obtaining a Greek tax number, engaging professionals, and completing due diligence checks. Buyers should expect to budget for various fees, approximately 6-10% on top of the purchase price.

Property purchase processes in Greece can vary across regions, especially regarding restrictions for non-EU buyers in border areas. It is crucial to work closely with a qualified local lawyer to ensure compliance with the latest legal requirements and tax implications.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser.

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