🏠Taxes & Fees When Buying Property in Greece
Foreign buyers must consider several mandatory costs besides the purchase price when acquiring property in Greece.
đź’¶ Key Taxes & Fees Overview
| Tax/Fee | Description | Approximate Cost |
|---|---|---|
| Property Transfer Tax | Paid once upon purchase | 3.09% of property value |
| Value Added Tax (VAT) | Applies mostly to new builds or commercial | 24% on property price (if applicable) |
| Notary Fees | For drafting and witnessing contracts | 1%–2% of purchase price |
| Land Registry Fees | For registering property ownership | 0.5%–1% of property value |
| Lawyer Fees | For legal due diligence and contract review | 1%–2% of purchase price |
| Annual Property Tax (ENFIA) | Paid yearly, based on property size & location | Varies; approx. €200–€1000+ |
🧾 Property Transfer Tax (PTT)
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A mandatory one-time tax paid by the buyer upon ownership transfer
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Calculated as 3.09% of the property’s objective value (tax-assessed value, often lower than market price)
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Paid before the Land Registry registration
đź“ś Value Added Tax (VAT)
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Applies mainly to new properties sold by developers
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Standard VAT rate is 24% on the sale price
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Exemptions or reductions may apply for some first-time buyers or properties under certain conditions
🖋️ Notary & Legal Fees
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Notaries draft and witness the sale contract
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Fees vary by property value, typically 1%–2%
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Lawyer fees cover legal checks and support
🏢 Land Registry Fees
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Property registration is mandatory for legal ownership
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Fees range between 0.5% and 1% depending on the area and property type
đź“… Annual Property Tax (ENFIA)
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Calculated based on size, location, and age of the property
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Payable every year by the property owner
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Important for budgeting ongoing costs
⚠️ Tips for Foreign Buyers
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Budget for these additional costs early to avoid surprises
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Hire professionals for valuation and legal advice
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Confirm property’s objective value for accurate tax estimates
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Understand tax treaty benefits if applicable
⚖️ How Borderless Lawyers Can Help
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Provide accurate tax estimates before purchase
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Guide you through all payments and registrations
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Review and prepare contracts and notarial acts
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Represent you before tax and registry authorities
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Ensure compliance with Greek property law
đź“ž Buying Property in Greece?
Make your investment safe and clear from the start.
đź’¬ Contact Borderless Lawyers today for expert advice on real estate taxes and fees in Greece.
✉️ Navigate Greek property law with confidence and peace of mind.