Property Lawyers in Greece
Our lawyers can help with Property Pruchase process in Greece.
Contact Us
To request a free consultation case, please provide us with your contact details below and we will contact you via email or phone.
How can a lawyer help me with Property Purchase in Greece?
A lawyer can play a crucial role in helping you with a property purchase in Greece. Here are several ways in which a lawyer can assist you through the process:
Due Diligence: Your lawyer can conduct a thorough due diligence process, which includes verifying the property’s title, ownership history, and any potential legal issues or encumbrances. This step is essential to ensure that the property you intend to purchase is free from disputes or complications.
Contract Review and Drafting: Your lawyer can review and help you draft the purchase agreement and any related contracts. They will make sure that all terms and conditions are fair, comply with Greek real estate laws, and protect your interests.
Title Transfer: Your lawyer can guide you through the title transfer process. They will prepare the necessary documents, coordinate with the land registry office, and ensure the legal transfer of ownership to your name.
Tax Planning: Real estate transactions often come with tax implications. Your lawyer can provide advice on tax obligations, such as property transfer taxes and capital gains taxes. They can also help structure the deal in a tax-efficient manner.
Foreign Investor Assistance: If you are a foreign investor, your lawyer can provide guidance on specific regulations and restrictions related to foreign property ownership in Greece.
Post-Purchase Services: Even after the purchase, your lawyer can assist with tasks such as property registration, utilities transfer, and ensuring that you have a clear legal standing as the property owner.
Having a knowledgeable and experienced lawyer to guide you through the property purchase process in Greece is essential for ensuring that your transaction is legally sound and that your interests are protected. At Lexidy, we can provide you with peace of mind and help you navigate the complexities of Greek real estate laws and regulations.
What Our Clients Are Saying
Our law firm has helped numerous clients successfully with Real Estate and start their new lives in Greece.
How can I buy a Property?
The main requirement is to obtain a Greek Tax Registration Number (“AFM”). A prospective investor can do this either as a tax foreigner or as a Greek tax resident. This number is unique to each individual and is essential for conducting any transaction throughout the country.
The Tax Registration Number appears on a certificate you will receive after registering your personal details with the Greek Tax Authority. This number must be presented to the Notary Public when signing the final deed.
Unlike other European markets, property investors do not need to have a Greek bank account. However, it makes many related transactions and bureaucratic processes much simpler to navigate. It’s also easier and more convenient when making payments and transfers.
Our Greek Real Estate lawyers can assist you in the process of obtaining a Tax Registration Number as well as setting up a Greek bank account.
What is the process of purchasing a property?
Most transactions follow the process below:
1. Tax and Budget Planning
Taxes and fees are mostly paid by the buyer and vary from region to region. They typically include the following:
Property transfer tax of 3% for an existing property and Value Added Tax (VAT) of 24% in order to purchase a new building directly from a builder
Notary costs from 0.8% of the purchase price, title deed tax and land registration fee of 0.475% of the purchase price
Our Legal fees of around 1% to 2%, inclusive of VAT (recommended but optional)
2. Obtain a Greek Tax Registration Number
Register with the Greek Tax Authority to collect this number.
3. Search for properties in Greece
Our Real Estate lawyers can help you identify the right property for you and ensure that you use trustworthy search portals.
4. Perform legal checks on the property
Understand the property’s situation, such as mortgages or ongoing litigation procesdures
5. Letter of Intent
Our lawyers will draft a “Letter of Intent” for purchasing a property and guide you through the reservation agreement. We will also assist in any subsequent negotiations before signing a deal.
6. Payment of fees
Settle any applicable Property Transfer Taxes or VAT, and update the Land Registry.
We offer a wide range of services for investors at Lexidy. Our skilled and committed team has years of experience in legal counsel, management, real estate, conveyancing, new visas, immigration challenges, residence, and investment opportunities for investors with a global perspective.
If you are thinking to purchase a property in Greece or any other Real Estate matter, contact us for a free consultation of your case and our expert lawyers will help you with anything you need!
Contact Us
To request a free consultation case, please provide us with your contact details below and we will contact you via email or phone.
What services can we offer?
Purchase a Property
We guide you through the seamless process of purchasing a property in Greece, from property search to the final transaction, ensuring a stress-free real estate experience.
Getting a Greek Tax Number
We can assist you in obtaining a Greek tax number (AFM) swiftly and efficiently, simplifying your real estate transactions and financial matters in Greece.
Opening a bank account in a Greek bank
We can streamline the process of opening a bank account in Greece, ensuring a hassle-free experience for all your real estate and financial needs.
Conduct due diligence
Conduct due diligence on real estate property title deeds & competent Land Registries & Cadastral offices for burdens, liens, confiscations, third party rights.
Review notarial documents and drafts
We provide expert review of notarial documents and drafts, safeguarding your interests and ensuring the legality and accuracy of your real estate transactions.
Draft a Power of Attorney
We offer professional drafting of a Power of Attorney, empowering you to efficiently manage real estate matters and legal transactions in Greece with ease.
Talk to a Real Estate expert
Consult with a real estate expert for personalized guidance and solutions to your property-related concerns.
Frequently Asked Questions
Yes and there are only two requirements
- have a Greek tax Registration Number and
- prove the ability to transfer the specific amount to buy the property
Greece encourages overseas investment in both residential and non-residential real estate. For example, investors can apply for a Golden Visa if they spend €250,000 or more on any real estate.
All property owners in Greece must pay two different taxes annually.
Residents and Non- residents are subject to Income Tax and Real Estate Tax.
Yes. If you invest €250,000 or more in Greek real estate, you can apply for residency with a Golden Visa. Our lawyers can assist you with this type of residency and you can read more about this here.
You must pay a 3% property transfer tax for an existing property and a Value Added Tax (VAT) (24%) to purchase a new building directly from a builder. In all cases, you will need to pay for a Notary’s and Lawyer’s fees.
Our Team
For us, Lexidy is a way of life and what excites us the most is to be able to deliver the happiness and satisfaction of a successful immigration process. We want to help you achieve your goals and dreams, whether it’s residence in Greece or simply an investment.