Owning real estate in Greece is the dream of many people. People love Greece because of many reasons such as its gorgeous landscape, business environment, and a great coastline. Not to mention its cuisine. So, buying property in Greece makes this dream of living here come true.
Buyers have rich options when choosing the type and location of the property. It’s possible to buy real estate in Greece in the city center as well as in the Greek islands. The types of properties range from apartments to villas.
Greece welcomes foreign buyers as well. Besides, its Golden Visa program serves this purpose. Let’s walk you through the details of these processes mentioned.
Contents
Why People Buy Real Estate in Greece
The market of real estate for sale in Greece is diverse. Reasons for buying real estate in Greece are manifold, too. Find each of them below.
Getting a Greek Residency is Possible After Buying Greek Property
Like some European countries, Greece has a Golden Visa program aimed at non-European nationals. The program enables you to obtain residency in Greece if you buy Greek real estate worth at least €250,000.
Family members can become residents as well. Furthermore, you can visit Schengen countries visa-free.
Living in Greece is Affordable
Greece offers a low cost of living for its residents. This affordability manifests itself in many areas such as shopping and property prices.
Foreign Residents Can Benefit From Lower Taxes
There are double taxation treaties signed between countries worldwide. Greece is among them, having signed this treaty with almost 60 countries.
This taxation treaty allows you to not pay double taxes on the same income. For example, you don’t pay taxes in Greece for your income gained from another country. Similarly, the income you gain from a Greek property is only taxable in Greece.
If your home country has signed this agreement with Greece, you can enjoy these rights.
A Welcoming Community in Greece
Greek people are welcoming and friendly to foreigners and expats. So, you don’t need to feel hesitant about the community here.
The Process of Buying Real Estate in Greece
Greece real estate sale is an easy process for foreigners. In fact, Greece enables foreigners to buy property here easily. There’s no restriction for expats when it comes to buying property in Greece.
Certain documents are required when you buy Greek property. The related documents are
- Passport and valid visa for entrance to Greece
- Tax registry number, known as AFM in Greece
- Proof of residence
- Copy of tax returns
- ID proofs issued by the government
Steps
Find the steps of how to buy a house in Greece below:
- Choose the type of property according to your needs. You’ll find apartments, villas, and village homes when you start your research
- You can visit a real estate agent to find the best property for yourself and your family. You can also search for properties online
- Once you decide on the property, you can visit it with a guide
- After making your decision, you may choose to negotiate on the amount
- Reserving the property by depositing is a common choice while buying property in Greece
- Working with a lawyer throughout the process is highly recommended
- You can now get the agreement’s copy, and bring it to the notary to sign the final deed
- Get your tax number (AFM) from the nearest tax office. You don’t need an appointment for this. The tax number will be available for you after obtaining your residence permit
- You can now send your contract paper and certificates to the Registry of Mortgages.
No matter if you’re a foreign or Greek citizen, Greece real estate for sale offers affordable and diverse properties. You can start your journey today by applying online!