FAQs
- Can I buy land in Greece and build my own home?
Yes, but you must ensure the land is buildable and comply with zoning laws.
- How can I manage my property if I don’t live in Greece?
Many buyers hire local property management companies for maintenance, rentals, and tax filings.
- Can I apply for citizenship if I buy property in Greece?
No, property purchase alone does not grant citizenship. However, the Golden Visa program offers residency, and after seven years of continuous residence, you may apply for Greek citizenship.
- What currency is used for property transactions in Greece?
All real estate transactions in Greece are conducted in euros (€).
- What is the Greek Golden Visa program?
Non-EU citizens can get a Greek residency permit by investing at least €250,000 in real estate. Please check more information here
- Can I rent out my property on platforms like Airbnb?
Yes, but you must register with the Greek tax authorities and obtain a Property Registration Number (AMA).
- Is real estate in Greece a good investment?
Yes, Greece offers relatively affordable property prices compared to other European destinations, high tourism demand, and the Golden Visa program for investors. You can find some options here.
- Do I need a lawyer to buy property in Greece?
A lawyer is not legally required but is highly recommended to ensure legal security, especially for title checks and contracts.
- Is there an annual property tax in Greece?
Yes, owners must pay ENFIA, an annual property tax based on the property’s value.
- Do I need a Greek tax number (AFM) to buy property?
Yes, all buyers must obtain an AFM from the Greek tax office.
- What are the costs associated with buying property in Greece?
In addition to the purchase price, buyers typically pay:
- Property transfer tax (3.09%)
- Notary fees (around 2% plus VAT)
- Lawyer fees (optional but recommended, around 2% plus VAT)
- Real estate agent fees (usually 2% plus VAT)
- Land registry fees (0.5%-0.7%)
- What are the main steps to buying a property in Greece?
The process includes selecting a property, hiring a lawyer, conducting due diligence, signing a preliminary agreement, paying taxes, and finalizing the purchase with a notary.
- Can foreigners buy property in Greece?
Yes, foreigners can buy property in Greece. However, non-EU citizens may need special approval for properties in border areas. Need help buying property in Greece? Contact us for expert advice!
