Buying property in Greece
A considered approach to living and investing in Greece
Buying property in Greece is a process that requires careful consideration, local knowledge and a structured approach.
With the right guidance and understanding of location and timing, the process becomes calm and well structured, supported by a carefully selected local network.
Each step requires clarity, from the first orientation through to the final transfer.
Why Greece
Greece continues to attract international buyers for its climate, accessibility and diversity of locations.
From coastal settings to hillside environments, daily life is shaped by space, light and a strong connection to the surroundings.
What distinguishes Greece is not only the landscape, but the rhythm and quality of life it offers.
At the same time, the property market has shown steady development, attracting both private buyers and those seeking long-term value.
This makes Greece a considered choice for those looking to combine personal use with a well-informed investment.
Careful selection of location and property remains essential throughout the process.
For non-EU buyers, residency programmes such as the Greek Golden Visa may also be relevant, depending on the intended use of the property.
Types of property in Greece
In Greece, there are various options depending on your preferences and intended use.
From private villas with views and privacy to apartments and studios close to amenities and the coast.
For those seeking more freedom, building plots offer the opportunity to create a home tailored to individual requirements.
In addition, small-scale developments can offer a more structured approach, often with a clear design and planning already in place.
Key considerations when buying property in Greece
Buying property in Greece requires a careful and well-informed approach.
Important aspects include ownership, building rights, permits and access to the property.
Information is not always immediately available or complete, making thorough due diligence essential before making any decisions.
Local conditions and regulations can vary significantly depending on the location.
Not every property is as straightforward as it may initially appear, which makes a structured approach essential.
Understanding these differences is key to assessing both the opportunities and the limitations of a property.
The purchase process in Greece
The purchase process follows a number of clear and structured steps.
Orientation
Selecting a property that fits your needs and intended use.
Due diligence
Verification of documentation, ownership and building rights.
Agreement
Formalising the agreement between buyer and seller.
Transfer
Finalisation at the notary, including registrations and tax formalities.
Costs and taxes
In addition to the purchase price, additional costs apply when buying property in Greece.
These costs are typically between 7% and 10% of the purchase price, depending on the type of property and the specific situation.
They may include transfer tax, notary fees and legal guidance.
The transfer tax is currently 3.09% and is generally paid by the buyer.
Additional costs may vary depending on the location and the nature of the property.
Having a clear understanding of these costs in advance helps to ensure a transparent and well-managed process.
The value of property is not only in the location, but in the decisions you make
Use and rental
A property in Greece can be used in different ways, depending on your preferences and intended use.
For personal use, longer stays, or a combination with rental during certain periods.
In well-positioned locations, there is consistent demand for quality properties, particularly during the main travel season.
At the same time, rental requires proper setup, registration and a clear understanding of local regulations.
A considered approach helps ensure that both use and potential rental are aligned with the property and its location.
Considering buying property in Greece?
We would be pleased to guide you through the possibilities and help you make the right decisions for your situation.
Frequently asked questions
Below you will find answers to some of the most common questions when buying property in Greece.
Is buying property in Greece a good investment?
Property in Greece can offer long-term value, depending on location, property type and intended use. With the right guidance, opportunities can be assessed carefully and realistically.
Can I buy property in Greece as a foreigner?
Yes, as an EU citizen you can purchase property in Greece without restrictions. The process differs from other countries, which makes local guidance important.
Do I need a Greek tax number?
Yes, a Greek tax number (AFM) is required when purchasing property. This number is needed for the registration of the property and all fiscal procedures related to the purchase.
Do I need a lawyer when buying property in Greece?
A notary is required for the transfer, but in practice having your own lawyer is essential. A lawyer verifies ownership, permits and legal aspects before proceeding with the purchase.
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How do I know if a property is legally and structurally in order?
This is verified during the due diligence phase, where ownership, permits, building plans and registrations are carefully checked.
This prevents issues afterwards and provides clarity on what you are actually buying and what the possibilities are.
What are the additional costs when buying property in Greece?
In addition to the purchase price, additional costs should be taken into account, such as transfer tax, notary fees and legal guidance.
In practice, these costs are typically around 7% to 10% of the purchase price, depending on the type of property and the specific situation.
Can I get a mortgage in Greece?
Financing is possible, but often limited to part of the property value.
In practice, many buyers finance a significant part of the purchase with their own funds.
Banks apply stricter conditions for foreign buyers, which means financing is not always straightforward.
Can I rent out my property in Greece?
Yes, rental is permitted in Greece, provided it is set up correctly.
Registration is required and local regulations and tax obligations must be followed.
Depending on the location and type of property, rental can offer interesting opportunities.
How is property in Greece taxed in my home country?
Property in Greece is taxed in Greece.
Due to tax treaties, double taxation is generally avoided.
The property must still be declared in your home country.
What is the Golden Visa in Greece and who is it for?
The Golden Visa is a residence permit for non-EU citizens who invest in property in Greece.
For international buyers, this can be a route to residency in Greece and access to the Schengen area.
For EU citizens, this is not required, as they are free to live and purchase property in Greece.
A carefully guided process, from first orientation to final transfer.
Considering buying or investing in Greece?
We would be pleased to get acquainted and explore your situation and possibilities.
Voss Makelaardij
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