What are the costs of buying a house in Greece?

The cost of buying a house in Greece includes property fees, legal fees, government fees and other fees.

1. Property fees

Greek law stipulates that when a buyer purchases a property from a seller, he or she needs to pay a portion of the loan cost as property tax (REAT).

2. Lawyer fees

Buyers need to pay lawyer fees when purchasing. The exact amount of this fee depends on the complexity of the contract and the attorney's fees.

3. Government fees

Buyers also need to pay various fees authorized by the government, including business registration fees, license fees, etc.

4. Other expenses

In addition to the above expenses, purchasing property in Greece will also bring other income to both buyers and sellers, such as local transaction tax, one-time payment tax, maintenance fees, and Insurance etc. In addition, buyers also need to pay a fixed document processing fee, which is a fixed administrative fee charged by the financial institution, document preparation fees, etc.

Greek House Purchase Policy

Citizens of third-party countries and their families can be granted a Greek residence permit if they purchase real estate in Greece with a value exceeding a certain amount. The application conditions for Greek real estate immigration are simple. One person applies and three generations of immigrants can obtain a 5-year Greek permanent residence card in one step as long as they purchase qualified Greek real estate.

While holding Greek real estate, investors can renew their 5-year visa and the property can be rented out. The application cycle for property purchase immigration in Greece is also very fast. After submitting the visa application materials, the Greek residence permit can usually be approved within two months. Buying a house in Greece has the advantages of low taxes, low consumption, no double taxation, and the lowest consumption level in Europe.