Purchasing property in Greece involves various taxes and fees that foreign buyers must understand to avoid surprises. From transfer taxes to annual levies, knowing your tax obligations is crucial for smart investment.
🏠 Main Real Estate Taxes in Greece
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Property Transfer Tax
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Paid upon purchase, currently 3% of the property’s objective value or contract price, whichever is higher.
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Value Added Tax (VAT)
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Applies mainly to new properties sold by developers, generally 24%.
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ENFIA (Uniform Real Estate Ownership Tax)
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Annual property tax based on size, location, and age.
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Calculated by the Greek tax authorities and payable by the owner.
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Municipal Taxes and Fees
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Local taxes such as garbage collection fees.
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📄 Other Costs to Consider
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Notary fees (approximately 1% of property value)
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Land Registry and Cadastre fees (around 0.5%)
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Legal fees for due diligence and contracts (typically 1–2%)
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Real estate agent commission (usually 2–3%)
🧾 Filing and Payment
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Property transfer tax must be paid within 30 days after signing the contract.
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ENFIA is billed annually, usually in installments.
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Failure to pay taxes on time can lead to penalties and interest.
⚠️ Tips for Foreign Buyers
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Verify the objective property value used for tax calculations to avoid overpayment.
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Consult a tax advisor for potential tax treaty benefits to avoid double taxation.
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Keep all purchase-related receipts and documents for future reference.
🤝 How Borderless Lawyers Can Assist
✅ Calculate accurate tax obligations
✅ Assist with tax registration and payments
✅ Review contracts to ensure tax compliance
✅ Represent clients before tax authorities if disputes arise
📌 Pro Tip
Understand all tax implications before signing the purchase contract to budget effectively and avoid delays.
🏁 Make Your Property Investment in Greece Tax-Savvy
Borderless Lawyers ensures you fully understand and comply with real estate tax rules, protecting your investment and peace of mind.