Buying Property in Greece: A Guide for Foreigners, Expats and Overseas Investors

Published:
November 7, 2024
52514

A huge amount of foreigners strive to acquire housing in Greece. Take into account that more than 80% of all real estate is acquired by them. The state provides you with a wide property landscape where you can invest or find a new home.

This guide will help you to sort out all the nuances of that topic and provide the answers for questions you may be interested in.

Pros of purchasing Greek real estate

The country offers a wide range of chances for anyone wishing to invest here. Let’s take a look at some advantages of choosing that country for acquiring real estate for sale:

  • A promising path to European residency by getting Golden Visa;
  • Tax-friendly environment;
  • Budget-friendly livelihood compared to other European states;
  • Variety of housing options;
  • Country’s accessibility by different types of transport;
  • Expat-friendly environment.

These appealing benefits make investors pay attention to Greece while choosing the state for investments.

Demands for acquiring housing in Greece

It is vital to accomplish the following requirements before the process of acquiring:

  • The creation of local bank account;
  • The provision of papers that prove you have been paying your dues;
  • The provision of residency proof and passport;
  • The getting of visa for entering the state;
  • The getting of a TRN.

These steps are obligatory to complete if you intend to buy property in Greece.

The procedure of acquisition

It is vital to remark that the acquisition process in this country isn’t complicated. Nevertheless, the outside help through the procedure will come in handy.

The main stages are:

  1. Consideration of available housing. You have to thoroughly analyze the range of available housing;
  2. Use the assistance of a real estate specialist, who will accompany you throughout the whole procedure;
  3. Inspection of selected housing to make sure its structural integrity is preserved;
  4. Getting a tax number;
  5. Creating a local bank account;
  6. Finalize the procedure by making a minimum 10% down payment. Then, you must have a deed notarized.

Conclusion

After studying the process of acquiring real estate in this state, you will see that this procedure is not excessively complicated. However, you may still encounter certain bureaucratic aspects, so it is highly recommended to seek professional assistance to further streamline this process.

Related insights

Forex Broker License in Cyprus

Cyprus, an alluring direction for forex organisations, proposes a resilient legislative  base for receiving a forex broker license. Supervised by the Cyprus Securities and Exchange Commission (CySEC), this certification permits organisations to function in the financial trades lawfully. Here’s an in-depth look at the demands, gains, and policies encompassed in securing a forex license in…

Read more 23.12.2024

Electronic money license in Lithuania

The country has quickly evolved a hub for fin-tech enterprises seeking to obtain electronic-money establishments (EMI) licenses. The country’s strategic position within the European Union (EU), combined with its forward-thinking adjustment substructures, positions it as an attractive choice for enterprises aiming to expand their e-earnings and economic favors across the European-Economic-Area (EEA). With Country, enterprises…

Read more 19.12.2024

Most Common Mistakes When Buying a Hotel

Entering the hotel market can be a gainful endeavour, but it’s not without its trials. Unlike buying a home or a car, purchasing a hospitality facility involves a range of unique considerations. To help you avoid potential missteps, here are three common mistakes hotel buyers often make, along with tips on how to avoid them….

Read more 16.12.2024

What Are the Guidelines for Rate Setting My Hotel for Sale?

When it comes to vending a hotel, setting the right rate is one of the most notable stages in the routine. While it may seem straightforward, pricing your hotel correctly is a delicate balance that can have a significant impact on the success of the sale. The right price will attract serious buyers, while an…

Read more 16.12.2024

Property Investment in Greece: An Overview of Opportunities and Considerations

Putting money into householding in this region has become a prime option for overseas buyers eager to blend asset allocation growth with the local way of life. This direction, celebrated for its time-honoured traditions, breathtaking landscapes, and resilient touristic sector, has emerged transpired as a changing estate trading sphere suggesting notable appeal to ventures worldwide….

Read more 16.12.2024

Electronic Money License in Cyprus

Cyprus became a preferred place for Fin-companies due to its auspicious normative base and prime location. Such a permit in Cyprus empowers business-projects to issue digital currencies, manage e-wallets, and work on effective financial transactions. Below, we’ll delve into procedure, privileges, costs, and options for getting or purchasing EMI/AEMI licenses in Cyprus. Cyprus EMI licenses…

Read more 16.12.2024

Electronic Money License in Georgia

E-money plays a pivotal role in modern finance, offering business-projects and users efficient tools for fund management and transaction execution. An EMI license Georgia is a sought-after choice among fintech firms seeking to operate in a stable and business-oriented environment. This article explores the process of securing such a license, the associated benefits, costs, and…

Read more 12.12.2024

Top 6 Best Jurisdictions for Asset Management Licenses

Choosing the right jurisdiction for obtaining an asset management license is critical for businesses seeking to provide high-quality services in wealth and investment management. Regulations, taxation, global reputation, and operational ease all influence this decision. Below, we explore six of the best jurisdictions for asset management licenses and what makes each an attractive choice. Besides…

Read more 09.12.2024

Electronic money license in UK

The rapid growth of economic technology has made Electronic Money Institutions (EMIs) a cornerstone of modern remittance systems. EMIs enable the issuance of e-money, provide remittance favors, and support a range of innovative economic solutions. The United Kingdom, with its robust adjustment substructure, is a leading lawfulment for acquiring an EMI-license. This article explores the…

Read more 05.12.2024

Top 5 Best Jurisdictions for Forex license

The capital markets industry is a dynamic and highly competitive landscape where regulatory compliance plays a pivotal role in establishing trust and legitimacy. Acquiring a Forex Broker Licence or a Cryptocurrency Exchange License from an esteemed legal domain is not only about meeting legal requirements; it is also a strategic move to enhance your business’s…

Read more 05.12.2024

Top 5 Best Jurisdictions for Offshore Banking Licenses

In today’s globalized economic circumstances, securing an offshore-banking license can provide immense opportunities for economic institutions. Offshore jurisdictions offer regulatory benefits, lower tax burdens, and streamlined processes, making them attractive for businesses seeking to establish worldnational banking operations. This article explores the top five best jurisdictions for obtaining an offshore-banking license: the Cayman Islands, Saint…

Read more 02.12.2024

Fintech in Switzerland

Switzerland, globally acclaimed for its resilient economy, premium level of life, and solid healthcare system, is also making waves in the Fintech segment. The region has long been a hub for monetary facilities, and its continued success in the e-finance realm underscores its status as a trusted and proactive monetary center. In this article, we…

Read more 28.11.2024