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Buying a property in Greece

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!

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