How is life in Greece? What is the process of Greek immigrants buying a house?

The main taxes that Greek immigrants may involve in buying a house are real estate tax and personal income tax. The tax rate of real estate tax is generally 0. 1%- 1% of the total house price, and the tax rate of personal income tax is 0-10.5% of the annual income. If it exceeds12,000 euros, the tax will be increased step by step.

If you obtain Greek resident status, you are obliged to submit an income tax return on the income actually earned in Greece, such as rent or interest on bank deposits. Applicants who have obtained a permanent residence card are not required to pay taxes on their income outside Greece. If the income is higher than 6,543,800 euros, 45% personal income tax will be levied. Individual income tax is not levied if the annual income of a single person is less than 3,000 euros, or if the income of both husband and wife is less than 5,000 euros in the same year.

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