Frequently Asked Questions

Our agency commission ranges from 2% to 5% of the final sales price, depending on the type and value of the property.

Additional Expenses for Property Purchase in Greece

When purchasing property in Greece, buyers should be aware of the following additional expenses:

• Legal Fees: Typically range from 0.40% to 1.5% of the property value, plus 24% VAT.
• Notary Fees: Approximately 0.65% to 1.5% of the property value, plus 24% VAT.
• Title Transfer Tax:

  • If the property was granted prior to 2006, the applicable tax is 3% of the cadastral value.

  • If granted after 2006, the applicable tax is 24% of the cadastral value.

• Mortgage Registry Fee: Set at 0.5% of the property value.

  📌 Important Notes

  • VAT Suspension: The 24% VAT on new constructions is currently suspended until the end of 2025, potentially reducing costs for buyers of new properties. ​

  • Professional Assistance: Engaging experienced professionals, such as lawyers and real estate agents, is crucial to navigate the purchasing process smoothly and ensure compliance with all legal requirements

Yes, Greece has an annual property tax called ENFIA (Uniform Real Estate Ownership Tax). The amount depends primarily on:

• The square meters of the property

• Its location and zone value

• The year of construction

• The type and use of the property (residential, commercial, land, etc.)

This tax applies to both Greek residents and foreign property owners. It is usually paid once a year or in monthly installments through the Greek tax portal.

To buy property in Greece, a foreign buyer typically needs the following documents:

📄 Documents Required to Buy Property in Greece

1. Valid Passport or National ID

   • For EU citizens, a national ID may be sufficient.

   • Non-EU citizens must use a valid passport.

2. Greek Tax Number (AFM – ΑΦΜ)

   • Mandatory for any property transaction in Greece.

   • Can be obtained easily through a local accountant or tax office.

3. Bank Account in Greece

   • Required for transferring funds and completing the purchase.

   • Some banks may request proof of income or tax returns.

4. Proof of Funds

   • A declaration or statement from your bank showing you have the necessary funds to complete the purchase.

   • This is typically a recent bank statement or official letter.

5. Power of Attorney (if applicable)

   • If you’re not present in Greece, a notarial Power of Attorney allows your lawyer to act on your behalf.

6. Proof of Payment for Property Transfer Tax

   • Before signing the final deed, you must pay the 3.09% transfer tax (unless it’s a new-build under VAT rules).

7. Purchase Agreement & Final Notarial Contract

   • Drafted and signed with the assistance of a notary and your lawyer.

   • The notary registers the deed with the local land registry.

💡 Optional but recommended:

• Legal due diligence report from your lawyer

• Technical inspection of the property

• Golden Visa documents, if your investment exceeds €250,000 and you’re applying for residency

The minimum time required to complete a property purchase in Greece is 10 working days, provided there are no legal or procedural obstacles.

Golden Visa in Greece – Investment Opportunities in Thessaloniki & Halkidiki

Thessaloniki:
In the city of Thessaloniki, investors who spend at least €800,000 on real estate are eligible for a residence permit in Greece — commonly referred to as the Golden Visa. This permit is also granted to the investor’s immediate family members.
However, a Golden Visa can also be obtained by investing just €250,000 in either:

• a commercial property that will be converted into residential use, or

• a preserved neoclassical building.

Halkidiki:
In the region of Halkidiki, the minimum required investment for a Golden Visa is currently €400,000.

Please note: Across Greece, there are still several regions where the minimum investment threshold ranges between €250,000 and €800,000, depending on the location and type of property.

Golden Visa Application Process:

1. Submission of Documents:
   To apply for residency, you must submit a full documentation package to the Directorate of Foreign Citizens and Immigration in the area where your property is located.

2. Temporary Stay Permit:
   After submission, you will receive a submission receipt, which allows you to legally reside in Greece until your residence permit is issued.

3. Processing Time:
   The review process typically takes 1 to 2 months.

4. Renewal & Long-Term Residency:
   The Golden Visa is renewable indefinitely, as long as you retain ownership of the property.
   For permanent residency, you must reside in Greece for at least 183 days per year.

We Can Help!
We offer a wide selection of eligible properties in Thessaloniki, Halkidiki, and across Greece. Let us help you find the right investment opportunity tailored to your goals.

📩 Email: info@gproperty.gr
📞 Phone/WhatsApp/Viber/Telegram: +30 690 928 0008