Athens, Greece
Athens, Greece
Halkidiki, Greece
Prices depend very much on the location and whether you are buying a new or old property. Prices in Athens are very high, not many foreigners would choose to live here unless they work in the capital. For example, new apartments on the islands cost from €90,000 for a one bedroom, €100,000 for a two bedroom and €120,000 for a three bedroom, although they can be a lot higher in a fashionable resort, Athens, or on a popular island.
Yes, but some investors find it easier to buy property in Greece than others. While EU residents face virtually no restrictions on buying property in Greece, non-EU residents may need to prove both their ties to the country and their intention to use the property. This application is made to the Ministry of National Defence and basically involves providing documents and evidence of intent to use.
One of the main advantages of buying real estate in Greece is its Golden Visa program. This gives a five-year residence permit to foreigners investing in property in Greece. You will need to spend at least €250 on the property and meet criteria such as having health insurance and no criminal record.
Expenses paid by the buyer are the following: • A Lawyer’s fee is 1.5% of the property price stated in the Property Purchase Contract (actual or cadastre price depending on the buyer and seller’s agreement) plus 24% VAT • A Notary fee, as a rule, is appr 1.5% of the property price stated in the Property Purchase Contract plus 24% VAT • The amount of Title of ownership tax depends on when the construction permission was granted. If it was granted prior to 2006, the tax payable is 3,09% cadastre price. • If it was granted after 2006, the tax payable is 24% cadastre price. • Property registry fee is 0.5% cadastre price. • The Company fee is not included into the property price and it amounts to 2% of its actual price plus 24% VAT.
You will need the following: • valid international passport; • valid visa for non-residents of EU. To get the bank account you will need the same documents and the following: • document confirming permanent residence (internal passport of the country of residence); • letter of employment confirmation (official document confirming the main professional activity of a potential buyer, the kind of which has no importance); • copy of the tax return.
Greece is a very popular tourist country. Every year billions of people visit it. It is a very beautiful country with an excellent climate. It is a member of the European Union, but it is currently experiencing serious economic problems. That is why there is an opportunity to buy a villa or apartment at a low price. It is important to hurry, as the price will only increase in the future.
Reasons to Buy Property in Greece
There are many reasons to buy real estate in Greece:
- the country is a member of the EU;
- prices are low at the moment;
- excellent weather throughout the year;
- many sandy beaches;
- developed infrastructure.
You can purchase not only villas and apartments in Greece. There is an opportunity to buy a plot of land on which you will be able to build your dream house or a commercial facility for a stable income.
It is recommended to buy objects in tourist regions. The cost is not much higher, but the liquidity of the property is much different.
Buying Property in Greece
It is necessary to turn to professionals who have been working in the market for a long time and know the peculiarities of international law while making international property transactions. You can buy an excellent property in Greece without risk by contacting us.
Here are a few reasons to contact us to buy real estate in Greece:
- a large database of properties, which is constantly growing;
- no need to be personally present at the conclusion of the transaction;
- the feature to see the object via video;
- verification of the transaction for legal purity;
- provision of after-sales service.
Specialists will help with obtaining a residence permit, as well as with the registration of a mortgage in one of the banks of the country. They will also provide full information and legal support at any stage of co-operation.