The procedure for acquiring real estate in Greece can be divided into several main stages:
- Personalized real estate selection
- Inspection of the property
- Reservation of property
After the property is selected, an agreement is signed with the agency to book, inspect, check and further purchase and a deposit are paid.
- Checking the documents of the property and preparation for the execution of the transaction
- Signing of the purchase contract and repayment of the property
The contract is signed and the final payment is made in the presence of a notary, a lawyer and a translator. Then the keys and the property are delivered for use. From this moment you become the owner of a piece of Greece and part of this beautiful, sunny country and its history.
When entering into a contract for the purchase of a property, you will have to pay the following additional costs and fees:
- Lawyer's services -1.5% of the value of the property (plus 24% VAT)
- Notarial fees -1.5% of the value of the object (plus 24% VAT)
- Property transfer tax 3.09% of the value of the item
- Cadastral fees: 0.5% of the value of the item
- Broker's commission: 2% of the value of the object (plus 24% VAT)
Example:
If the price of the property is 100,000 euros and the tax is 3.09%, the costs are calculated as follows:
- the services of the lawyer:
100.000 × 1.5% = 1.500 € (plus 24% VAT added to this amount) = 1.860 €.
- notarial fees:
100.000 × 1.5% = 1.500 € (plus 24% VAT) = 1.860 €.
- real estate transfer tax:
100,000 × 3.09% = 3,090 €
- cadastral fees:
100.000 x 0.5% = 500 euros
- supply broker:
100.000 × 2% = 2.000 € (plus 24% VAT) = 2.480 €.
Total amount: EUR 9.790 (this amount cannot
be considered as a service charge calculated on the basis of the price of the object).