Purchase Information for EU citizens:
If you're a EU citizen, the following information will guide you as to what to expect when purchasing real estate property in Greece.
[Since laws may change from time to time, please use the following information as a general guideline. Andros Real Estate makes no claim as to
the 100% accuracy of the following.]
Buyer's Estimated Fees,Costs and paperwork:
0,004% of purchase price in fees.
1% of the first 45.000,00 and 0,5% of the remaining value
[NOTE: fees are collected from the highest of either the
assesed value or the declared value]
Two attorneys required
Property Title Search:
Normal cost is 250 to 300 Euro.
2% of highest value (assesed or declared)
7% of the first 15.000,00 Euro and 9% of remaining amount.
Estate Agent Fees:
2,5% of the real value plus 13% V.A.T. of this amount.
There is no annual property tax. New owner however, needs to
report the property every year to the tax authority (form E-9),
first by registering with the local tax office and obtaining a tax
Buyer is to furnish documents form his/her financial institution
or consulate as to the origin of the funds used for the purchase.
*** This information is provided as a
general guidance tool and may be subject to change at any time without prior notice. Andros Real Estate will help you, before and during the time of purchase, with all necessary paperwork and
steps which will need to be taken in order to safely complete your purchase.