BUYER INFORMATION

If you are interested in purchasing property in Greece, one of the world's most desirable luxury locations, you can be assured that Greece Sotheby's International Realty will offer you exceptional assistance is selecting your property and throughout the transaction process.

Greece Sotheby's International Realty takes great pride in using its considerable experience and resources to unite extraordinary properties with extraordinary lives. Overseas and local buyers alike will benefit from the expertise of a team of associates with in-depth knowledge of their local markets throughout Greece.

Buying and owning a property in Greece is simple and straightforward. By law, foreigners can own property in most areas of Greece, with some restrictions applying in border areas for non-European Union citizens.

The following provides an overview of the buying process in Greece.

The cost of buying property in Greece differs according to whether a property is newly built or previously owned.

In particular:

• Newly built properties do not incur any transfer taxes; instead V.A.T. (currently 19%) is calculated over and above the contractual price.
• Undeveloped land and previously owned properties do incur transfer taxes ranging between 1%-11% of the contractual price, depending on the particulars of a specific property.

Other costs associated with the buying of a property are:

• Mandatory lawyers' fees: 0.5% of the contractual price. Reduced fees apply the higher the contractual price. 
• Notary Public fees: 1.2% of the contractual price.
• Land registry fees: 0.475% of the contractual price.