Frequently asked questions
Feel free to reach out our team to learn more.
Can I finance my Greek property purchase, or do I need to pay the full amount upfront?
Yes, financing options are available for international investors. While some buyers choose to pay in full, Greek banks and international lenders offer mortgage options to non-residents. We can connect you with reputable financial institutions that provide favorable terms for US investors.
But Greek banks have strict lending requirements for non-EU buyers. You may need:
✔ A Greek tax number (AFM).
✔ Proof of stable income & assets.
✔ A minimum down payment of 30-40%.Alternatively, many foreign investors purchase property in cash or secure financing in their home country.
How Much Does It Cost to Buy a House in Greece?
Property prices vary based on location, size, and type:
Athens City Center – From €2,500/sqm for modern apartments.
Vouliagmeni & Glyfada (Athenian Riviera) – From €5,000/sqm for luxury properties.
Mykonos & Santorini – From €7,000/sqm for prime island homes.
Crete, Rhodes, and Peloponnese –The range is from €3000/sqm, offering great value investments.
Additional costs include legal fees, property transfer tax (3.09%), and registration fees.
Can Foreigners Buy Property in Greece?
Yes! Greece has no restrictions on foreign property ownership, making it one of the most accessible real estate markets in Europe. Whether you’re a U.S. citizen, UK resident, or non-EU investor, you can buy property in Greece.For seamless transactions, international buyers should:
✔ Appoint a real estate lawyer for legal checks.
✔ Obtain a Greek Tax Number (AFM) to complete the purchase.
✔ Open a local bank account for transactions.
✔ Check Golden Visa eligibility if investing €250,000+ for residency benefits.
What Are the Best Areas to Buy Property in Greece for Investment?
Greece offers diverse real estate opportunities depending on your goals:Athens, Vouliagmeni, Glyfada, Voula, Varkiza as well as Marousi, Kifisia – High-demand urban properties with strong rental yields and investment potential.
Mykonos & Santorini – Luxury vacation rentals with high seasonal returns.Crete & Rhodes –
Affordable long-term investments in emerging tourist destinations.
Portoheli & Corfu – Exclusive seaside villas ideal for high-net-worth buyers.Investors seeking residency benefits can explore properties that qualify for Greece’s Golden Visa program.
What Are the Legal Steps to Buying Property in Greece?
Purchasing property in Greece involves:
1️Getting a Greek Tax Number (AFM) – Required for all buyers.
2️Opening a Greek bank account – For payment transactions.
3️Hiring a real estate lawyer – To verify legal documents and property titles.
4️Signing the purchase agreement – In the presence of a notary.
5️ Registering the property – With the Greek Land Registry.
What Are the Property Taxes in Greece?
Property owners in Greece pay:
✔ Property Transfer Tax – 3.09% (one-time fee when purchasing).
✔ Annual Property Tax (ENFIA) – Ranges from €3-€16/sqm, depending on location.
✔ Capital Gains Tax – Currently suspended, making it ideal for investors.
✔ Rental Income Tax – 15-45%, depending on rental earnings.
