Step-by-Step Process for Foreigners Buying Property in Greece: A 2025 Guide
Buying property in Greece as a foreigner can seem complex, but with the right guidance, it’s straightforward and rewarding. This 2025 step-by-step guide walks you through the entire process—from initial search to closing—helping you avoid pitfalls and make smart choices.
Step 1: Define Your Budget and Requirements
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Determine how much you want to spend
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Decide on property type (villa, apartment, land)
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Choose preferred location based on lifestyle or investment goals
Step 2: Research Greek Property Market and Locations
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Explore popular areas like Corfu, Athens, Crete, and the Cyclades
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Consider accessibility, amenities, and rental potential
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Use reliable real estate agencies such as Chase Real Estate Corfu for listings
Step 3: Visit Greece and View Properties
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Arrange visits to shortlist properties
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Inspect condition, neighborhood, and local infrastructure
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Meet local agents and ask questions
Step 4: Hire a Lawyer Specializing in Greek Property Law
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Verify property ownership and clear title deeds
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Check for any liens or debts on the property
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Review contracts and legal obligations
You can find legal guidance at Chase Real Estate’s Guide.
Step 5: Obtain a Greek Tax Number (AFM)
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Required for all property transactions
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Can be obtained at local tax offices or through your lawyer
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Needed to open a Greek bank account
Step 6: Open a Greek Bank Account
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Required to handle deposits and payments related to the property
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Simplifies tax and utility bill payments
Step 7: Make an Offer and Sign Preliminary Agreement
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Submit an offer through your agent
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If accepted, sign a preliminary contract (usually includes a deposit of 10-30%)
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Contract outlines sale terms and timelines
Step 8: Conduct Due Diligence
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Your lawyer confirms all legal aspects are clear
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Obtain an Energy Performance Certificate (EPC) if required
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Ensure compliance with local zoning and building laws
Step 9: Finalize Sale and Sign the Notary Deed
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Arrange a meeting with a notary public (official legal representative)
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Pay the remaining balance and taxes
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Sign the final contract (title deed) and register property ownership
Step 10: Register Utilities and Pay Property Taxes
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Set up electricity, water, and other utilities
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Pay annual property tax and other applicable fees
Common Questions About Buying Property in Greece as a Foreigner
Can non-EU citizens buy property in Greece?
Yes, with minimal restrictions. Some border areas may require permission.
How long does the buying process take?
Typically 2-3 months, depending on property and paperwork.
What are the additional costs?
Include legal fees, taxes (around 3-4%), agent fees, and registration fees.
Why Choose Chase Real Estate Corfu for Your Purchase?
Chase Real Estate Corfu offers expert assistance to foreign buyers, making the process smoother and safer. Their team helps with legal advice, property selection, and closing.
Visit chaserealestatecorfu.com to learn more.
Final Tips for Foreign Buyers in Greece
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Work with professionals experienced in Greek property
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Visit properties in person before committing
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Always conduct thorough legal checks
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Understand your rights and obligations as a property owner
Useful External Links
For personalized help or to browse listings, contact Chase Real Estate Corfu.
