FIND A PROPERTY FOR SALE IN GREECE
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
TRY OUR FIND A PROPERTY SERVICE - LET US FIND YOUR DREAM HOME IN GREECE
PROCEDURE FOR BUYING REAL ESTATE IN
OBTAINING A GREEK
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 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
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
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.
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.
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
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