Can foreigners buy property in Greece? Yes, foreigners can buy property in Greece. However, for non-EU citizens, some restrictions may apply in border or military areas, but in most parts of Greece, including cities like Athens and islands, there are no restrictions.
Yes, foreigners can buy property in Greece. However, for non-EU citizens, some restrictions may apply in border or military areas, but in most parts of Greece, including cities like Athens and islands, there are no restrictions.
What is the process of purchasing property in Greece?
The process typically includes finding the right property, signing a preliminary agreement, performing legal and technical due diligence, and completing the purchase by signing the final contract in the presence of a notary. It’s essential to hire a lawyer and notary to guide you through the process.
What additional costs should I expect when buying property in Greece?
Besides the purchase price, additional costs include a 3% property transfer tax, legal fees, notary fees (approximately 1-2%), and registration fees at the Land Registry, along with any real estate agent commissions, which are usually around 2-3%.
Can I obtain a Greek Golden Visa by purchasing property?
Yes, non-EU citizens can obtain a Greek Golden Visa by investing at least €500,000 in real estate. The Golden Visa grants residency in Greece and visa-free travel within the Schengen Area.
Is financing available for foreign buyers in Greece?
While some Greek banks may offer mortgages to foreign buyers, it can be challenging for non-residents to obtain financing. The terms and conditions depend on the bank and the buyer’s financial background. Many buyers choose to purchase property in Greece using cash.