The Complete Guide to Buying Property in Greece

Greece is a beautiful country with rich culture and history. It is not only a popular tourist destination, but it is also a great place to invest in property. If you are planning to buy property in Greece, you need to know the ins and outs of the process. In this blog post, we will provide you with a complete guide on how to buy property in Greece, including important things to consider, legal procedures, and the costs involved. 

Finding Property in Greece: 

The first step in buying property in Greece is finding a property that suits your needs. You can start by checking out listings on various websites, consulting with local real estate agents and lawyers, or even taking a trip to Greece to view properties in person. It is important to take your time and do your research before making a decision. 

Legal procedures: 

Once you have found a suitable property, you will need to navigate the legal procedures involved in buying property in Greece. The process can be complicated, and it is typically recommended to hire a local lawyer to help you through the process. You will need to obtain a tax number, open a Greek bank account, and sign a preliminary agreement with the seller. Most importantly, you will need to have a notary public present at the final sale to certify the transaction and transfer the property deed. 

Costs Involved: 

Buying property in Greece comes with its own set of financial considerations. In addition to the cost of the property, you will need to factor in taxes and other associated fees. Some of these costs include transfer tax, notary fees, real estate agent fees, and lawyer fees. These fees can add up, so make sure you budget accordingly. 

Financing Options: 

If you need financing to purchase a property in Greece, there are several options available. You can choose to obtain a mortgage from a Greek bank or seek financing from financial institutions in your home country. It is important to research your options thoroughly and compare interest rates and fees to make an informed decision. 

Residency Permit: 

One of the exciting benefits of buying property in Greece is that it can lead to obtaining a residency permit. If you invest over a certain amount in real estate in Greece, you are eligible to apply for a residency permit, which allows you to live and work in Greece. This can be a great opportunity for those who are looking to spend more than just a few weeks a year in Greece. 

Conclusion: 

Buying property in Greece can be a great investment opportunity and an excellent way to own your own piece of this beautiful country. However, it is important to take the time to research the process and understand all of the legal and financial considerations before making a purchase. With a little bit of knowledge and the right team in place, you can successfully navigate the process and enjoy your new property in Greece.