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

Published:
November 7, 2024
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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.

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