HOMES FOR SALE IN GREECE & THE GREEK ISLANDS 

We can help you to find property in Greece, be it a villa, a traditional house, a plot of land, or a renovation property

FIND A PROPERTY FOR SALE IN GREECE

 We have a wide range of property for sale in Greece from small holiday studios to luxurious villas and we cover a wide range of locations, from Evia & Andros in the East to Zakynthos & Kefalonia in the west, as well as our own particular favourite, The Peloponnese and Mani, with their stunning mountain scenery and spectacular coastlines.

We co-operate with real estate agents both on the mainland as well as in the islands.  These are companies which we have hand picked for their international background in real estate and for the level of service which they offer.

If you cannot find the property of your dreams in Greece, let us help you.

Our “find a property service” costs nothing.  If you do buy a property which we find for you, then you just pay commission of 2% which is the normal rate of commission  paid by a buyer of real estate in Greece. Contact us by e mail  and give us details of the property you are looking for. We will research the market for you and try to find properties which meet your requirements.

TRY OUR FIND A PROPERTY SERVICE - LET US FIND YOUR DREAM HOME IN GREECE

PROCEDURE FOR BUYING REAL ESTATE IN GREECE

 OBTAINING A GREEK TAX NUMBER

It is not possible to buy real real estate in Greece without having first obtained a Greek tax number.  If you do not already have a Greek tax number, your lawyer can obtain one for you from the tax office.

 THE CONTRACT

The contract for the sale and purchase of the property is drawn up by a notary and completion of the transaction also takes place at the notary’s office.   Your lawyer will usually appoint the notary and give you details of the fees.

 IMPORTING MONEY INTO GREECE

A buyer must be able to prove that he has legally imported the purchase monies into Greece via a bank transfer. 

 THE PURCHASE PROCEDURE

Buying a property in Greece is comparatively straightforward and the stages of the procedure are quite simple. The buyer must appoint his own lawyer to act for him in the purchase and a notary public will also be appointed who will prepare the contract and agree the terms with your  lawyer. The buyers lawyer investigates the title and makes the necessary searches.

A deposit, if required is usually 10% and is paid to the lawyer.The balance is paid on completion of the transaction.  If the property is  new, bought off plan, many builders now accept stage payments during the course of construction.

A deposit should never be paid to an estate agent (without the prior consent of your lawyer) or directly to a seller.

A buyer can give a power of attorney to his lawyer which can authorise the lawyer to deal with and complete the transaction on behalf of the buyer.  This can save both time and expense for the buyer and can also authorise the lawyer to obtain a Greek tax number for the buyer, open a bank account in the name of the buyer and to sign documents on behalf of the buyer. The extent of the power of attorney is for the buyer to decide.

Completion of the transaction takes place at the office of the notary. Signed contracts are exchanged between the buyer’s and the seller’s lawyers and the purchase money, less any deposit already paid, is paid to the sellers lawyer. 

After completion, the buyer’s title is registered at the Land Registry.

 TAXES & COSTS

The buyer has to pay property transfer tax in order to complete the purchase of a re sale house. The tax rate was reduced at the beginning of 2014 from 10% to 3%. Property transfer tax is calculated on the tax office value for the property ( the objective value), which is usually lower than the market value and the agreed sale price. The exact amount of the tax is calculated by the notary. 

If the buyer is buying a new house directly from the builder then instead of property transfer tax, VAT at 23% is payable on the tax office value of the property. Again the exact amount will be calculated by the notary and confirmed with the local tax office.

The buyer also has to pay the fees of his lawyer and of the notary. These should be agreed at the outset.  Normally these fees will be not less than 1.5% of the value of the transaction plus VAT of 23%.  Other costs payable by the buyer include the fee to the Greek land registry for registration of the buyers title.

In Greece the buyer also pays commission to his estate agent, which is usually 2% plus VAT.

RESIDENCE PERMITS IN GREECE FOR NON EU CITIZENS

Residence Permits In Greece are now available to buyers from outside the EU, who invest 250,000 Euro or more in a house or other real estate in Greece. If you are a non EU national and would like to obtain a residence permit for Greece and set up home in Greece with your family contact us for more details of the procedure and requirements


 
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