Buying commercial property in Greece can be a strategic investment for business operations, rental income, or relocation. However, foreign buyers must understand legal requirements, zoning rules, and permit obligations to ensure a smooth acquisition.
📈 Why Invest in Greek Commercial Real Estate?
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Affordable compared to other EU countries
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Attractive for hospitality, retail, and office investments
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Tourism-driven areas offer strong ROI
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Greece’s Golden Visa program for eligible investments
🗺️ Who Can Buy?
Foreigners from both EU and non-EU countries can purchase commercial property in Greece. However, non-EU buyers may face additional procedures for properties in “border regions,” requiring approval from the Ministry of Defense.
📃 Documents You Need
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Valid passport
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Greek tax number (AFM)
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Greek bank account
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Power of Attorney (if applying remotely)
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Legal due diligence report
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Tax clearance and property valuation documents
⚖️ Legal Process Step-by-Step
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Get a Greek AFM (Tax Number)
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Hire a Greek lawyer and notary
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Open a Greek bank account
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Sign a preliminary agreement and pay deposit
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Conduct legal and technical due diligence
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Sign the final contract before a notary
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Register property with Land Registry and Cadastre
🔍 Due Diligence Includes:
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Verifying property ownership
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Ensuring zoning compliance
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Checking for debts, liens, or pending fines
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Assessing commercial use permits
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Verifying environmental clearance (if applicable)
🧱 Popular Commercial Property Types
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🏨 Hotels and guesthouses (especially in islands or tourist zones)
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🏬 Retail shops in Athens or Thessaloniki
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🏢 Office spaces in business hubs
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🏗️ Industrial warehouses or logistics hubs
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🍴 Restaurants or cafes with outdoor space
💶 Taxes and Costs to Expect
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Property transfer tax: 3%
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Legal fees: 1–2%
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Notary fees: 1%
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Registration and cadastre fees: ~0.5%
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Agency fee: 2–3% (if using one)
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Annual ENFIA property tax applies
🏅 Golden Visa Eligibility
A minimum €250,000 investment in real estate can qualify you for a Greek Golden Visa. In some areas, the threshold is now €500,000 — check location-specific rules before purchase.
🧠 Borderless Lawyers Can Help You:
✅ Conduct full legal due diligence
✅ Coordinate with notaries, engineers, and tax advisors
✅ Represent you with Power of Attorney
✅ Assist with Golden Visa applications
✅ Manage ongoing property compliance
📌 Key Advice
Don’t sign anything without a thorough legal review. Contracts must be checked for zoning issues, hidden debts, and legality of commercial use — this is where a trusted legal partner is essential.
🏁 Unlock Your Investment Potential in Greece
With expert legal support, buying commercial property in Greece can be both secure and profitable. Borderless Lawyers ensures your rights are protected every step of the way, from negotiations to title registration.