List of documents for registration of real estate

• Valid international passport
• Valid visa that allows entry to Greece

List of documents for opening a bank account in Greece

• Valid international passport
• Valid visa that allows entry to Greece
• Document confirming permanent residence (internal passport of the country of residence)
• Letter of employment confirmation (official document confirming the main professional activity of a potential buyer, the kind of which has no importance)
• Copy of the tax return

• A Lawyer’s fee is 1.5% of the property price stated in the Property Purchase Contract (actual or cadaster price depending on the buyer and seller’s agreement) plus 24% VAT
• A Notary fee, as a rule, is appr 1.5% of the property price stated in the Property Purchase Contract plus 24% VAT
• The amount of Title of ownership tax depends on when the construction permission was granted. If it was granted prior to 2006, the tax payable is 3,09% cadaster price.
• If it was granted after 2006, the tax payable is 24% cadaster price.
• Property registry fee is 0.5% cadaster price.
• The Company fee is not included into the property price and it amounts to 2% of its actual price plus 24% VAT.

1. Issue entry Visa and visit Greece to find the right property.
2. Purchase property and sign the sales agreement (and any power of attorney documents if needed).
3. File documents for a residence permit(through our independent Lawyers).

In Greece, you are subject to taxation on a property when you buy it and rent it out. In addition, you also pay taxes on the acquisition, and you pay a property tax each year.

As an option where investors often choose to put their accumulated funds into, real estate sector is a great opportunity when the market is bullish. Already showing signs of recovery in the recent years, Greek property market is now more desirable than ever with the new tax bill that pauses VAT

Buying property in Greece is a pretty straight forward process, even for a foreigner. … In Greece, it’s mandatory to retain a lawyer if your home will cost more than €12000 in rural areas or €30,000 in urban areas. It’s unlikely that you’ll be purchasing a home for less, so it’s a good idea to take this step up front.