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Buying property in Greece – full guide

Greece has always been a sought-after travel destination for visitors and expats due to its breathtaking landscapes, extensive history, and vibrant culture. International buyers seeking to own a piece of this Mediterranean paradise have recently been interested in the Greek real estate market. However, managing the estate purchase procedure in Greece can be challenging, especially for foreigners who are not familiar with the local rules and legislation. This thorough guide aims to give prospective purchasers all the knowledge they require to decide wisely and successfully finish a property purchase in Greece.

Houses in Greece

Understanding the Greek property market

It is crucial to comprehend the situation of the Greek real estate market before starting your estate-buying adventure. Greece’s land prices have fluctuated during the last ten years as a result of the nation’s economic turmoil. The market has, however, started to show signs of recovery recently, with a modest rise in home values. It is important to remember that although real estate costs are typically higher in well-known tourist areas, there are still ways to discover more cheap solutions in less established parts of Greece.

Legal consideration

It’s crucial to ensure that the estate has a clear title, verify the authenticity of the seller, review the contract terms, and understand any legal restrictions or obligations associated with the land. The following are the main legal considerations when purchasing a property in the country. 

Hiring a Lawyer

Engaging a reputable Greek lawyer who specializes in real estate transactions is crucial. They will look after your interests, see that all legal criteria are completed, and walk you through the whole procedure. It is advisable to work with an English-speaking attorney to prevent any communication problems.

Title deeds and documentation

It is crucial to check the title papers and make sure the real estate is free from any debts before buying land in Greece. Your attorney will make the appropriate inquiries to ascertain the property’s legal standing and guarantee that all paperwork, including building licenses and property registry documents, is in order.

Power of Attorney

It is customary in Greece to give your lawyer power of attorney if you are incapable of being physically present amid the buying procedure. This enables your attorney to represent you and carry out the appropriate transactions and documentation on your behalf.


When buying a house in Greece, you have several financing options. These include obtaining a mortgage from a Greek bank or using your funds. These options are explored below.

Cash purchase

The easiest choice is to pay cash for a house in Greece. It might not be practical for everyone, though. Make sure you have the necessary finances on hand if you decide to go this route.

Mortgage loans

Both citizens and non-residents are eligible for mortgage loans from Greek banks. The loan requirements for non-residents, however, could be more stringent, necessitating a greater down payment and higher interest rates. It is recommended to compare mortgage conditions offered by different banks to locate the best deal.

Tax considerations in Greece

The following are the taxes to be aware of in the country. 

Property taxes

Greek property owners are liable to several taxes, including capital gains tax, revenue tax on rental earnings, and land tax. To prevent any shocks, it is crucial to familiarise oneself with the tax duties.

Double Taxation Treaties

Greece has double taxation treaties with many countries to avoid double taxation on income earned from Greek land. Understanding the provisions of these treaties can help minimize your tax liabilities.

Choosing the right location

Greece has a wide variety of sites, each with its special charm and features. When deciding where to put your property, take your preferences and goals into account. It is important to consider aspects like accessibility, rental possibilities, and closeness to facilities.

Engaging Real Estate agents in Greece

Working with a trustworthy real estate agent can speed up the house-hunting process and give useful insights into the neighborhood market. To avoid any possible deception or fraud, be sure the agent is registered and licensed with the Greek government.

Property inspection and due diligence

It is essential to carry out an in-depth examination of the residence to find any structural problems or deficiencies before concluding the sale. By hiring a qualified surveyor, you can get a fair evaluation of the property’s state. Additionally, make sure that all utilities are operational and that the land is free of any unpaid bills or obligations.

Ending note

Buying property in Greece can be a rewarding investment, offering a chance to experience the country’s rich culture and stunning landscapes. However, it is essential to approach the process with careful consideration and engage professionals who can guide you through the legal and financial complexities. By understanding the Greek property market, legal requirements, financing options, and tax considerations, and engaging the right professionals, you can navigate the process confidently and secure your dream property in Greece.

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