Buying a home in Greece is a dream for many, but navigating the legal landscape requires careful attention. This guide outlines key steps, taxes, and protections for foreign residential property buyers.
📝 Key Legal Steps
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Obtain a Greek tax number (AFM)
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Conduct legal due diligence on the property title and encumbrances
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Sign a preliminary agreement and pay deposit
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Finalize purchase before a notary public
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Register property in the Land Registry or Cadastre
🏘️ What to Check Before Buying
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Verify clear title of ownership
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Check for outstanding mortgages or liens
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Confirm property zoning and permitted use
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Ensure no unpaid taxes or fees attached to the property
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Understand co-ownership or communal obligations if applicable
💰 Taxes and Fees
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Property Transfer Tax: 3% of the property value or objective value
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Notary fees: approximately 1%
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Land Registry/Cadastre fees: about 0.5%
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Legal fees for due diligence and contracts: 1-2%
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Annual ENFIA property tax
🏦 Financing and Bank Accounts
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Foreign buyers typically open a Greek bank account for transactions
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Mortgages available through Greek banks with varying terms
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Currency exchange considerations if funding from abroad
⚠️ Common Pitfalls
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Skipping thorough due diligence
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Not understanding local property laws and taxes
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Purchasing without legal representation
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Ignoring residency or visa requirements linked to property ownership
🤝 How Borderless Lawyers Can Assist
✅ Perform comprehensive legal due diligence
✅ Draft and review contracts and agreements
✅ Handle notarization and registration procedures
✅ Advise on tax obligations and planning
✅ Support property-related residency applications
📌 Pro Tip
Always involve a qualified Greek lawyer before signing any agreements to protect your investment.
🏡 Make Your Home in Greece a Reality — Securely and Legally
Buying residential property in Greece is a rewarding journey when done right. Borderless Lawyers provides the legal clarity and support you need at every stage.