- If you are interested in buying property in Greece, we highly recommend you to contact a professional real estate broker who has many years of experience. The commission for the real estate agent is normally 3%.
- You should also contact a lawyer who will carefully check the ownership of the property for you.
- If possible appoint someone in Greece to have the possibility to act on your behalf with a power of attorney in all legal matters. This is important to proceed with the contracts in the most professional way and not to lose time, otherwise you will be required to visit Greece more often simply because it is very unusual that a contract is drawn up and signed within a few days.
- Official contracts are always drawn up by a notary in the Greek language. You can choose the notary as a buyer.
- If you have already chosen the property you wish to buy, we recommend you sign a pre contract. This contract is binding for both parties.
- All contracts can be translated into your language at an extra cost.
- The transfer tax is actually 3% of the official sales price.
- All legal costs are approx. 3% - 4% of the official sales price
- Each property is registered in the Land Registry of Greece
- The yearly additional costs, i.e. water are not very high.
The Golden Rules for buying a property in Greece
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By Axel Werner
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