Buying Property in Corfu as a Foreigner: Tips and Important Considerations (2025 Guide)

Buying property in Corfu, Greece, is an exciting venture, but it’s essential for foreign buyers to understand the legal requirements and processes involved. Whether you’re purchasing a vacation home, a retirement retreat, or an investment property, navigating Corfu’s real estate market as a foreigner requires a strategic approach.

This guide will walk you through the steps, legal considerations, and tips to ensure a smooth and successful property purchase in Corfu in 2025.

Ready to start your journey? Explore current property listings and get expert advice at Chase Real Estate Corfu.

Can Foreigners Buy Property in Corfu?

Yes, foreigners—both from the EU and non-EU countries—can legally buy property in Corfu. The process is relatively straightforward, but there are key considerations to keep in mind.

Foreign Ownership in Corfu

EU Citizens: No restrictions on property purchases.
Non-EU Citizens: You can buy property in Corfu, but certain restrictions apply, especially for larger properties near borders or coastlines. In some cases, special permission is required from the local authorities.

For a comprehensive overview of the process, refer to our legal guide.

Step-by-Step Process of Buying Property in Corfu as a Foreigner

1. Obtain a Greek Tax Number (AFM)

As a foreigner, before you can make any property transaction, you’ll need a Greek Tax Number (AFM). This is required for signing contracts, transferring funds, and paying taxes.

Where to get it:
Visit a local tax office with your passport or national ID. Your lawyer or real estate agent can assist you in this process.

2. Open a Greek Bank Account

To pay for the property and handle legal transactions, you’ll need a Greek bank account. You’ll also use this account to transfer the funds for your property purchase, taxes, and fees.

Tip:
Choose a bank that has experience working with international buyers to streamline the process.

3. Hire a Local Lawyer

It’s crucial to hire a local lawyer when buying property in Corfu, especially as a foreigner. They will ensure that the property has a clear title, free from liens, and that all legal documents are in order. Your lawyer will also help you:

Review contracts and property agreements.
Advise on tax matters.
Ensure all property permits are in place.

Your lawyer will typically charge 1–2% of the property price for their services.

4. Due Diligence and Property Title Check

Once you’ve selected a property, your lawyer will conduct due diligence, including:

Verifying the property title.
Ensuring there are no debts or liens attached to the property.
Confirming that the property has the necessary building permits.
Checking property boundaries with local authorities.

It’s essential to have all these checks in place before proceeding.

5. Preliminary Agreement and Deposit

Once everything checks out, you and the seller will sign a preliminary agreement (a private contract), which outlines the price and terms of the sale. A deposit, typically 10% of the purchase price, is paid at this stage.

6. Notary and Final Sale Agreement

A Greek notary public is required to formalize the sale. The notary ensures that the sale is conducted legally and that the documents are valid.

What the notary does:

Prepares and verifies the final sale contract.
Registers the sale with the Land Registry to officially transfer ownership.

You’ll also pay any applicable taxes (usually 3% of the purchase price) and notary fees (1-2%).

7. Finalizing the Sale and Property Registration

After the notary signs off on the sale, the property is officially transferred to your name. The notary will file the necessary documents with the local land registry, completing the transaction.

Legal Considerations for Foreign Buyers in Corfu

1. Property Taxes

Property taxes in Greece are relatively low compared to other European countries, but they still need to be accounted for. You’ll pay the following:

Property Transfer Tax (3%)
Annual Property Tax (ENFIA): A tax on the value of the property, paid yearly.
Income Tax: If you rent out your property, you’ll need to pay tax on rental income (between 15%–45%, depending on the income level).

Consult a tax advisor to ensure you comply with all local tax laws.

2. Inheritance Laws

Greek inheritance laws may differ significantly from your home country’s regulations. If you plan to pass the property on to heirs, it’s important to consult a local lawyer to understand the applicable rules.

3. Zoning and Building Permits

In Corfu, especially in rural areas, you should be aware of zoning restrictions. The property may be subject to special conservation rules, especially near protected landscapes or historical sites. Always confirm the building and zoning rules before purchasing.

Why Work with a Local Real Estate Agent in Corfu?

Market Knowledge: A local real estate agent understands the Corfu market, including price trends, neighborhood dynamics, and off-market listings.
Exclusive Listings: Agents often have access to exclusive properties that are not listed publicly.
Time-Saving: A real estate agent can help you shortlist properties based on your preferences, saving time.
Negotiation: Experienced agents can help negotiate the best price and ensure the terms are favorable.

Start your property search today with Chase Real Estate Corfu.

Common Questions About Buying Property in Corfu as a Foreigner

Can a non-EU citizen buy property in Corfu?

Yes, non-EU citizens can buy property, but they may need special permission in specific areas, such as near borders or coastlines.

What is the average cost of property in Corfu for foreign buyers?

The average price for a villa in Corfu is around €250,000–€500,000. Apartments typically start at €90,000–€150,000.

Are there any hidden fees when buying property in Corfu?

No. All fees should be disclosed by your lawyer and real estate agent, but plan for taxes, notary fees, and legal costs.

How long does the property buying process take?

On average, it takes 4–8 weeks to complete the process if all documents are in order.

Conclusion: Your Corfu Property Awaits

Buying property in Corfu as a foreigner is a straightforward process if you take the right steps. From obtaining a Greek tax number to working with a local lawyer, each part of the process ensures your investment is secure and legally sound. With its stunning scenery, welcoming community, and great investment potential, Corfu is an ideal place to buy property in 2025.

For expert guidance, property listings, and personalized advice, start your Corfu property journey at Chase Real Estate Corfu.

A Foreigner’s Guide to Buying Property in Corfu