How to Buy:

EU citizens can purchase property in Greece but people from outside the EU must either set up an EU company or apply to the Ministry of Defence for permission to purchase property. Lawyers in Greece can assist with either of these options.

Below is an indication of how a purchase takes place. Obviously every transaction is different and some can take a number of months to complete.

1. When you find a property that you like, whether land, an old house or a luxury villa, you will need to signal your intent by making an offer.

2. Once this offer is accepted, you may want to enter into a pre-contract which binds both parties provided the lawyers, when they do their searches etc, find nothing untoward with the sale.

3. In order to enter into any contract you will need a Greek Tax Number which we can help you to obtain here on Paxos before you leave.

4. We can also help you to find a lawyer and introduce you to the Notary who will be responsible for the filing of your contract when it is signed.

5. You can give Power of Attorney to your lawyer if you don't want to have to come back to Paxos and sign the contracts yourself.

6. We can also help you to find a lawyer, to whom you can give Power of Attorney, if you see a property that you like on this website but are unable to come to Paxos immediately.

7. Whether you are buying land or a property, it is always worth having your own topographical survey done, even if one has recently been done and we can introduce you to an engineer who will carry this out for you.  

ADDITIONAL COSTS

Tax fee - The tax office will have a valuation for the property and you pay tax on that valuation. Your lawyer will help you and let you know the amount payable. It is based on 7.21% of the first 14,700 euros and 9.27% of the remainder.

Notary's fee - The Public Notary, who records the sale and files the contracts for you, charges between 2.2% and 2.5% of the tax assessed value of the property.

Lawyer's fee - The lawyer also charges a percentage but this time of the sale agreed price. This is usually between 1% and 1.5%.

Survey fee - Costs vary but the average fee for a topographical survey would be about 300 euros.

Agent's fee - Agents charge varying amounts between 2% and 4% for a sale.

LOANS

If you need a mortgage or a loan, please let us know. The lawyers and financial consultants in our team have the necessary expertise and knowledge of the market to help you apply for a mortgage (Housing Loan) or other type of loan here in Greece, should you require this service.

KEEPING IN TOUCH

If you are buying land or a property here on Paxos, we will keep you informed of all progress by email. You can always contact us for further information or details at any time.