So you have found your dream property in the right location and reached an agreement on the sale price; but where do you go from there?
- In most cases, a preliminary contract is drawn where the sale price, the advance payment and conditions are specified (e.g. contract completion until a specific date). The advance is paid upon signing the preliminary contract.
- You must then appoint a notary who will collect all the necessary documents and prepare the purchasing contract.
- We highly recommend that you delegate a lawyer to conduct a legal search of the property’s title deeds.
- If you have not one already, you need to issue a Greek Tax Identification Number
- You will need to open a Greek bank account from where taxes and other fees will be paid. If you are buying a property burdened by a loan, the relevant amount must be paid from a bank abroad (see “Premature repayment of loans” in Capital controls above).
- Prior to the final contract signing, the property transfer tax needs to be paid to the Tax Office.
If these sound complicated, don’t worry; we will guide you through every step of the process. If you need help in appointing a notary, lawyer or engineer, we can recommend experienced professionals with proven track record. Our goal is a fast and smooth transaction so you can just focus on planning your future in your new property!