GUIDE
Step-by-Step guide
to buying properies in Greece
Understanding
the legal process,
from initial agreement to final registration.
Buying property in Greece involves several important legal and administrative steps. For international
buyers, understanding the process in advance can help avoid unnecessary complications and unexpected
delays.
The following guide outlines the principal stages of purchasing a property in Corfu or elsewhere in Greece,
and explains where professional legal assistance may be required.
( PROCESS )
The Property Buying Process in Greece
1
Step
Find a Property and Agree on a Price
Once you have identified a suitable property and agreed on a purchase price with the seller, the next stage
may involve a preliminary agreement or deposit arrangement.
Depending on the transaction, a deposit may be requested to demonstrate the buyer’s commitment.
Before paying a deposit or signing any document, it is important to obtain legal advice and understand the
conditions under which any money paid may be returned.
Legal note: Have a lawyer review any deposit agreement before committing funds.
2
Step
Appoint a Lawyer and Begin Due Diligence
Your lawyer will begin examining the legal status of the property, including ownership, title documentation
and any registered rights or encumbrances.
Further investigations may be needed to identify legal, planning or building-related issues.
If you live outside Greece, you may be able to authorise your lawyer to undertake specified actions on
your behalf through a Power of Attorney, reducing the need for repeated travel.
Legal note: Thorough due diligence is one of the most important safeguards in the purchase process.
3
Step
Complete Legal, Technical and Notarial Checks
The purchasing process involves coordination between the buyer, seller, lawyer, notary and, where
necessary, engineers or other qualified professionals.
Your lawyer examines the relevant legal documentation and title records.
The seller must provide the certificates and supporting documentation required for the transaction.
Depending on the property, these may include technical certificates, planning documentation and
tax-related records.
The notary prepares the deed and performs the checks required within the notary’s responsibilities. Your
lawyer reviews the relevant documents and advises you before the transaction proceeds.
Legal note: The necessary checks depend on the property’s individual legal and technical circumstances.
4
Step
Arrange Payment of Applicable Taxes and Costs
Before completion, the relevant property transfer taxes and transaction costs must be calculated and paid
in accordance with the applicable requirements.
Your lawyer, notary and accountant, where appropriate, can help explain the payments and
documentation required.
Legal note: Buyers should obtain an individual estimate of taxes, fees and other costs before committing to a
purchase.
5
Step
Sign the Final Contract and Register the Purchase
Once the required checks and preparations are complete, the final purchase deed is signed before a Greek
notary.
The transaction must then be registered with the competent Land Registry or Hellenic Cadastre, as
applicable.
Your lawyer can assist with the final signing, coordination of registration and any remaining legal
formalities.
The timing of possession and handover of keys should be agreed as part of the transaction.
Legal note: Completion formalities, registration and the timing of handover should be carefully coordinated.
( FEES )
What Does It Cost
to Buy Property
in Greece?
In addition to the agreed purchase price, buyers should allow for taxes, professional fees and other expenses associated with the transaction.
The total amount varies according to the property, the professionals involved and the circumstances of the
purchase.
Property
Transfer Tax
Property transfer tax may be payable, depending on the nature of the transaction and any applicable
exemptions or special tax provisions.
Notary
Fees
The notary charges fees for preparing and executing the transaction documents, with costs depending on
the applicable rules and services provided.
Legal
Fees
Legal fees depend on the scope and complexity of the legal work involved, as well as the specific fee arrangement agreed upon with your lawyer for the services provided.
Estate Agent
Fees
Where an estate agent is involved, commission will depend on the relevant agreement, services provided, and all other applicable terms and conditions.
Registration and Additional Expenses
Other costs may include property registration fees, technical inspections, property surveys, document translations, and other related administrative expenses.