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Buying Property in Greece Legal Services
Navigate the complexities of purchasing property in Greece with confidence, supported by experienced property lawyers at every step.
Buying Property in Greece Legal Services
Navigate the complexities of purchasing property in Greece with confidence, supported by experienced property lawyers at every step.
Real Estate in Greece
Navigating the property market in Greece offers exciting prospects for international buyers, from breathtaking seaside villas to historic city residences. With Greece’s favorable investment climate and rich cultural heritage, purchasing property here not only opens up a gateway to a Mediterranean lifestyle but also serves as a lucrative investment.
Understand the nuances of buying property in Greece as a foreigner and learn how to leverage local regulations for optimal benefit, enhancing your experience and maximizing investment returns.
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Process for Buying Property in Greece
1. Tax and Budget Planning
Begin your property acquisition journey in Greece by understanding the financial obligations. Typically, the buyer covers most taxes and fees, which vary by region. These include:
- Property transfer tax of 3.09% on existing properties.
- Notary costs approximately 1.8% of the purchase price, title deed tax, and land registration fees amounting to about 0.5%.
- Legal fees, generally around 1% to 2% of the purchase price.
2. Obtaining a Greek Tax Registration Number
To proceed with property transactions in Greece, obtaining a Greek Tax Registration Number (AFM) is essential. This is a crucial step for any foreign buyer, which our Real Estate lawyers can facilitate, ensuring you’re registered with the Greek Tax Authority.
3. Property Search and Evaluation
Engage our Real Estate lawyers to help you explore and identify suitable properties through trusted and reliable portals, ensuring a smooth and secure selection process.
4. Legal Checks on the Property
Before advancing, it’s critical to perform thorough legal checks to understand any existing encumbrances like mortgages or ongoing litigation related to the property. This step is vital to ensure a clear and secure transaction.
5. Letter of Intent and Reservation Agreement
Proceed to secure your chosen property by drafting a Letter of Intent. Our lawyers will guide you through drafting and negotiating the reservation agreement, providing support in any subsequent negotiations to ensure your interests are safeguarded.
6. Finalizing the Purchase: Payment of Fees
Conclude your property purchase by settling all necessary Property Transfer Taxes or VAT. Our team will assist in updating the Land Registry to finalize the property under your name.
Explore the Process for Buying Property in Greece
Explore the Process for Buying Property in Greece
Dive into the detailed steps involved in buying property in Greece with our informative video guide. Learn about everything from tax planning and obtaining a Greek Tax Registration Number to performing legal checks and finalizing your purchase.
How Can A Lawyer Help Me Buy Property in Greece?
Purchasing property in Greece can be complex, but with the right legal guidance, you can navigate the process smoothly. Here’s how a real estate lawyer can assist:
Reviewing and Explaining the Purchase Agreement
Gain clarity on all terms and conditions, including price, closing date, and contingencies, with a lawyer who ensures your understanding and protection.
Conducting Due Diligence
Gain clarity on all terms and conditions, including price, closing date, and contingencies, with a lawyer who ensures your understanding and protection.
Ensuring Clear Title and Legal Right to Sell
Secure your investment with a lawyer who verifies the property's title and the seller’s legal right to sell, ensuring a clear and legitimate transaction.
Assisting with Ownership Transfer
Experience a seamless transfer of ownership and registration at the local land registry office, guided by a knowledgeable legal expert.
Advising on Tax Implications
Stay informed about tax implications and other legal matters that may arise during the purchase process, with advice tailored to your specific situation.
Ready to Secure Your Property in Greece? Reach out to us for expert legal guidance and support every step of the way.
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How it Works
1
Assess Your Eligibility
Start by determining your eligibility with a focused consultation. Your dedicated Legal Advisor will understand your situation and explore possible legal paths.
2
Service Presentation and Proposal
Receive a detailed presentation of our services tailored to your needs, complete with a fixed-price proposal to ensure no surprises.
3
Begin Your Journey
Your dedicated lawyer will guide you through every step, handling all legalities as you confidently move forward.
How it Works
1
Assess Your Eligibility
Start by determining your eligibility with a focused consultation. Your dedicated Legal Advisor will understand your situation and explore possible legal paths.
2
Service Presentation and Proposal
Receive a detailed presentation of our services tailored to your needs, complete with a fixed-price proposal to ensure no surprises.
3
Begin Your Journey
How it Works
1
Assess Your Eligibility
Start by determining your eligibility with a focused consultation. Your dedicated Legal Advisor will understand your situation and explore possible legal paths.
2
Service Presentation and Proposal
Receive a detailed presentation of our services tailored to your needs, complete with a fixed-price proposal to ensure no surprises.
3
Begin Your Journey
Your dedicated lawyer will guide you through every step, handling all legalities as you confidently move forward.
How it Works
1
Assess Your Eligibility
Start by determining your eligibility with a focused consultation. Your dedicated Legal Advisor will understand your situation and explore possible legal paths.
2
Service Presentation and Proposal
Receive a detailed presentation of our services tailored to your needs, complete with a fixed-price proposal to ensure no surprises.
3
Begin Your Journey
Start Your Property Journey in Greece Today
Embark on your property journey in Greece with the confidence of expert legal support. Navigate every step with personalized guidance and local expertise.
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Tax Consultation
Dodge tax surprises with our thorough tax consultation services. Receive expert advice and strategic planning to ensure a seamless tax season and financial peace of mind.
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Local Expertise, Worldwide
Local Expertise, Worldwide
Experience seamless property transactions in Greece with our dedicated team. Our local offices provide you with expert legal support, making your property dreams a reality with clarity and confidence.
Barcelona
- Avinguda Diagonal, 442, 3º 1ª, Barcelona, 08037
- +34 938 07 40 56
Madrid
- Calle Villalar 7, Bajo Izquierda, Madrid, 28001
- +34 915 367 806
Málaga
- Paseo de Reding, número 43, 1º Planta, Puerta Izquierda, 29016
- +34 951 12 53 70
Lisbon
- Rua Joaquim António de Aguiar n.º 43, RC Esq, Lisbon, 1070-150
- +351 21 027 0734
Porto
- R. do Mal. Saldanha 109 office 5, 4150-025 Porto, Portugal
- +351 21 027 0733
Athens
- Patriarchou Ioakeim 25 Street, Kolonaki, Athens, 10675
- +30 21 1199 5654
Paris
- 21bis Boulevard de Port Royal, 75013 Paris
- +33 1 76 40 35 43
Milan
- Via California 23, 5th Floor, 20144 Milan MI, Italy
- +39 02 8295 6347
Mexico
- Blvd. Manuel Ávila Camacho 137, Piso 3 Comunal, Polanco III Secc, Miguel Hidalgo, 11550 Ciudad de México, CDMX
- +52 55 8957 7841
Frequently Asked Questions
1. Can foreigners buy property in Greece?
Yes, foreigners can buy property in Greece. The main requirements are obtaining a Greek Tax Registration Number and proving the ability to transfer the necessary funds for the property purchase.
Greece encourages overseas investment in both residential and non-residential real estate, and investors can apply for a Golden Visa if they spend a minimum of €400,000 or more on any real estate or €250,000 if they buy former industrial real estate converted to residential or buildings registered as special architectural or historical sites.
You will need to get a special permit to purchase property in the border areas of the Aegean islands and north and northeast Greece.
2. Can I get citizenship if I purchase property in Greece?
Yes, investing €250,000 or more in Greek real estate makes you eligible to apply for residency through the Golden Visa program and eventually lead to citizenship. Our lawyers can assist you with this type of residency.
3. What documentation is needed to buy property in Greece?
To buy property in Greece, you will need a valid passport, a Greek Tax Registration Number, proof of funds for the purchase, and a contract of sale. Our lawyers can guide you through obtaining all necessary documents and completing the process smoothly.
4. How long does the property purchase process take in Greece?
The process of buying property in Greece can take several weeks to a few months, depending on factors like property type, location, and due diligence requirements. Our legal team ensures all steps are handled efficiently to expedite the process.