Investing in commercial real estate in Greece is increasingly popular among international entrepreneurs. Whether you’re acquiring retail space, office buildings, or industrial property, understanding the legal framework is essential to secure a profitable and compliant investment.
This article explains the legal process, permits, and key due diligence steps for purchasing commercial property in Greece.
📑 Legal Due Diligence: The Foundation of a Safe Purchase
Before you commit to any deal, thorough legal due diligence is essential:
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🧾 Title Check: Verify legal ownership and if the title is clear of liens or encumbrances
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🏛️ Land Registry Search: Confirm accurate registration with the Hellenic Cadastre
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🚧 Zoning & Urban Planning: Ensure the property’s designated use allows your intended business
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📝 Building Permits: Check if all existing structures are properly licensed
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⚠️ Outstanding Obligations: Verify that there are no unpaid taxes, legal disputes, or construction violations
Always involve a lawyer and civil engineer to avoid costly surprises.
🏢 Legal Process to Purchase
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Legal & Technical Due Diligence
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Preliminary Agreement (optional, with deposit)
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Tax Identification Number (TIN) for buyer
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Opening a Greek Bank Account
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Final Contract signed before a notary
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Registration with the Land Registry and Cadastre
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Tax Payment (Property Transfer Tax at 3.09%)
🧾 Taxes & Fees
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Transfer Tax: 3.09% of the purchase price
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Notary Fees: ~1.2–1.5%
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Legal Fees: ~1–2%
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Land Registry Fees: ~0.5%
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Agent Commission (if applicable): Usually split 50/50 between buyer and seller
🌍 Can Foreigners Buy Commercial Property?
✅ Yes — both EU and non-EU citizens can acquire commercial property in Greece
⛔ Some border regions may require special permission
📌 It’s also possible to buy through a Greek company for added flexibility
💼 Business Use & Licensing
Planning to operate a business from your new property? You may need:
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Operating License from local authorities
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Fire Safety and health inspections
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Compliance with accessibility and safety codes
Each industry has specific requirements, so it’s important to get legal guidance early.
🗣️ Call to Action
Considering buying commercial property in Greece?
Let our legal team walk you through the entire process — from due diligence to post-purchase licensing. We simplify cross-border real estate investments so you can focus on what matters.