How to Buy Property in Greece as a Foreigner: Step-by-Step Guide 2025.

Step 1: Research the Market Thoroughly

The first step is to explore the different regions and property types available.

• Athens: Dynamic capital city with strong rental demand, especially in central neighborhoods like Kolonaki, Koukaki, and Marousi.

• Greek Islands: From luxury villas in Mykonos and Santorini to affordable family homes in Crete or Rhodes.

• Mainland towns: Smaller cities like Volos, Larissa, or Patras can be more affordable and promising for long-term growth.

💡 Tip: Consider infrastructure. Areas with new metro stations, highways, or airports usually see price growth.

Step 2: Set Your Budget Realistically

When setting your budget, remember that the purchase price is not the only cost. Foreign buyers in Greece should plan for:

• Transfer tax: ~3% of the property price.

• Legal and notary fees: ~1.5–2%.

• Real estate agency fee: usually ~2%.

• Land registry fees: small but necessary.

👉 On average, you’ll need 7–10% extra on top of the property price.
For example, a €200,000 apartment will require about €215,000–€220,000 in total.

Step 3: Work with a Local Lawyer

Greek property law can be complex, especially for foreigners. A trusted lawyer is essential. They will:

• Verify the seller is the rightful owner.

• Check for debts, mortgages, or pending legal issues.

• Ensure the property complies with zoning and building laws.

⚖️ A lawyer saves you from costly mistakes and ensures your purchase is 100% legal.

Step 4: Obtain a Greek Tax Number (AFM)

All buyers — including foreigners — need a Greek Tax Number (AFM).

• It’s issued by the local tax office.

• Required for signing contracts and paying taxes.

In most cases, your lawyer or accountant will arrange this for you.

Step 5: Open a Greek Bank Account

Although not always mandatory, a local bank account makes the process smoother:

• Easier to transfer purchase funds.

• Helps with paying utility bills and taxes later.

• Often needed if you plan to apply for the Golden Visa.

Step 6: Sign the Preliminary Agreement

Once you’ve agreed with the seller:

• A preliminary contract is signed.

• A deposit (usually 10%) is paid.

• The terms and conditions of the sale are locked in.

Step 7: Final Contract at the Notary

• The notary prepares the final deed.

• Both parties sign in the presence of the notary and your lawyer.

• The remaining funds are transferred.

• The contract is submitted to the Land Registry or Cadastral Office.

🎉 From this point, you officially own property in Greece!

Step 8: Consider Residency Options (Golden Visa)

One major advantage of investing in Greek real estate is the Golden Visa program.

• Minimum investment: €250,000 for commercial if turned to residential (or €800,000 in some high-demand areas).

• Residency permit for 5 years, renewable.

• Includes family members.

• Freedom to travel in the EU Schengen area.

For many foreign buyers, this is a key reason to purchase property in Greece.

Step 9: Post-Purchase Essentials

After the purchase, don’t forget:

• Register utilities: electricity, water, internet.

• Hire property management if you plan to rent.

• Pay annual property taxes (ENFIA).

💡 For rental properties, consider using a local accountant for tax filings.

Step 10: Future Considerations

Greece’s real estate market is evolving:

• Increased demand from digital nomads.

• Rising tourism numbers.

• Infrastructure upgrades (new metro lines, airport expansions).

👉 These factors often drive long-term appreciation, making Greece a solid investment option.

✅ Key Takeaways

• Foreigners can freely purchase property in Greece.

• Always budget 7–10% extra for taxes and fees.

• Hiring a lawyer is essential for a safe transaction.

• The Golden Visa is a powerful benefit for investors.

📞 Need Expert Help?

Looking to buy your dream home or invest in Greek real estate?
👉 Contact POLI Real Estate and let us guide you every step of the way.