Real Estate Lawyers in Greece
Our lawyers can help with Real Estate process in Greece.
Our lawyers can help with Real Estate process in Greece.
A lawyer can be immensely helpful when dealing with real estate matters in Greece. Here are some ways in which a lawyer can assist you in this process:
Legal Expertise: A lawyer can provide you with expert legal advice and guidance on all aspects of real estate transactions in Greece. They have a deep understanding of the local laws, regulations, and procedures related to property ownership, purchase, and sales.
Title Search: Your lawyer can conduct a thorough title search to verify the property’s ownership history and ensure there are no encumbrances or legal issues that could affect your purchase. This is essential for avoiding potential legal disputes.
Contract Review: Your lawyer can review and help you draft purchase agreements, contracts, and other legal documents related to the real estate transaction. They will ensure that all terms and conditions are fair, protect your interests, and comply with Greek real estate laws.
Due Diligence: Your lawyer can perform due diligence on the property, including examining land registry records, zoning regulations, building permits, and environmental clearances. This helps you make an informed decision about the property’s suitability for your intended use.
Tax and Financial Considerations: Real estate transactions often have tax implications. Your lawyer can advise you on tax obligations, such as property transfer taxes and capital gains taxes. They can also help structure the deal in a tax-efficient manner.
Ownership Transfer: Your lawyer can assist in the transfer of ownership by handling the necessary paperwork, coordinating with the land registry office, and ensuring that the property is legally transferred to your name.
Foreign Investment Regulations: If you are a foreign investor, your lawyer can provide guidance on specific regulations and restrictions related to foreign property ownership in Greece.
Having a knowledgeable real estate lawyer in Greece is vital to safeguard your interests and ensure a smooth and legally compliant real estate transaction. At Lexidy, we can provide you with peace of mind and help you navigate the complexities of the Greek real estate market.
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.
Most transactions follow the process below:
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)
Register with the Greek Tax Authority to collect this number.
Our Real Estate lawyers can help you identify the right property for you and ensure that you use trustworthy search portals.
Understand the property’s situation, such as mortgages or ongoing litigation procesdures
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.
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!
Yes and there are only two requirements
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.
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.