Purchasing Property in Greece: A Guide for Buyers

Greece has become an increasingly attractive destination for property buyers, offering a mix of stunning landscapes, rich history, and relatively affordable real estate. Whether you're looking for a vacation home, a retirement destination, or an investment opportunity, Greece provides a variety of options — from seaside villas to charming village homes and modern apartments in Athens or Thessaloniki.

Types of Property Available

  • Apartments in cities like Athens or Thessaloniki
  • Villas and holiday homes in coastal areas or islands such as Crete, Rhodes, and Corfu
  • Traditional homes in rural or mountainous villages
  • Land for development, though this comes with additional regulations

Steps to Buying Property in Greece

  1. Hire a local lawyer – A Greek lawyer will help ensure the property has a clear title, no outstanding debts They will guide you through legal procedures.
  2. Get a Greek tax number (AFM) – Required for all real estate transactions.
  3. Open a Greek bank account – Needed for money transfers and tax compliance.
  4. Sign a preliminary agreement (if needed) – Outlines the sale terms and secures the property.
  5. Complete due diligence – Your lawyer checks ownership, land registry, building permits, and debts.
  6. Notary and Final Contract – The notary drafts the contract and oversees the official signing and registration.
  7. Pay property transfer tax – Currently 3% of the property value.
  8. Register the property – At the local land registry or cadastre office.

Costs Involved

  • Property transfer tax: 3,9% of the purchase price or its list value.
  • Notary fees: 2% on the sales price (plus VAT)
  • Lawyer's costs: 1–2% (plus VAT)
  • Real Estate Agent's commission: between 2–4% of the agreed pruchase price (plus VAT)
  • Land Registry Fees: about 0,5% of the property sold

Property Taxes and Ownership Responsibilities

Owners must pay:

  • ENFIA (annual property tax) – based on size, location, and property value
  • Utility bills and municipal fees

It’s essential to keep up with tax filings and payments to avoid penalties.

Tips for Buyers

  • Always verify property titles and land registry records.
  • Use a reputable real estate agent and lawyer.
  • Consider hiring a surveyor or engineer if buying older properties or land.
  • Check if the property is part of an urban planning area to understand building rights and restrictions.

Buying property in Greece can be a rewarding investment and lifestyle choice, offering beauty, culture, and access to the Mediterranean way of life. With careful planning, legal support, and due diligence, both EU and non-EU buyers can navigate the process smoothly and securely.

Atrapós Real Estate will help you with the whole process, feel free to ask!