Buy Real Estate in Greece

No wonder more and more people are deciding to buy real estate in Greece. It is a dream destination for many. There is no place to evoke such magical and romantic associations. Bougainvillea-covered white houses rolling on the slopes of the blue sea, olive groves, glimpses of ancient myths and legends, islands under the eternal sun: who can resist the charm of such a land? ??
Of course, there are other reasons why you want to buy real estate in Greece. Greece now seems to be the main outlook for the real estate market. After the Olympics and Greece’s accession to the EU, much work has been done in the Athens region. Wise investors are now further exploring the beautiful remote areas of the Peloponnese and the islands. If you’re looking for a property for vacation rental purposes, there are some popular areas where you rarely stay without a tenant. And Greece offers a great opportunity for potential real estate investors looking for an alternative to the uncertain US real estate market.
Is it easy to buy real estate in Greece? Well, Greece is not the easiest place, but there is no reason why you can’t do it well, as many foreigners did. The most important thing is to do your homework and be aware of the process, legality, and possible pitfalls. That way, nothing happens as a nasty blow. Here are some guidelines to help you.
First, decide where you want to buy your property. The Greek country covers vast areas with incredibly diverse landscapes, including islands, continents, coasts, mountains, cities, countryside and towns. Get to know Greece shortly before you start, it can just be a great process! Visit:-
One important thing to note is that if you are not from the European Union (for example, from the United States), you will need a special permit to buy real estate in certain parts of Greece. These are actually regions located along the outer borders of the country along the Greek border (Albania to the north, Turkey to the east, Libya to the south), including the north of Greece, Rhodes and Crete. .. In most cases, getting this approval isn’t a big deal, but it’s something you need to be careful about. And don’t even think about trying to avoid it. Before you start the purchasing process, you need to get a taxpayer number that can be obtained at any tax office, no matter what country you are from. It is called AFM (arithmo forologiko mitro). If you are from the United States or the United Kingdom, you will need to submit your passport and fill out the M1 and M7 tax forms to obtain an AFM. Another requirement is that you have to show that the financing you use to buy real estate is legal. You need to declare a source of income that the government estimates is worth your property. Also, if the money comes from outside Greece, you will need to keep a copy of the transfer and a “pink check” issued by the bank. All costs for which you are not responsible are considered “unprecedented income” and you must pay full tax.
You also need to open a bank account in Greece because you need to send money directly to a Greek bank when you buy real estate. After making an offer for a property, the transaction must be under the supervision of a notary public (symvoliographo). This employee is required to make a preliminary contract and then pay a 10% deposit. Refunds are not possible unless the title is determined correctly. Part of the notary’s job is to confirm it. You really need a lawyer (thikigraphos) and an English speaker. A list of recommendations is available from the UK or US Consulate. The lawyer must prove that the property belongs to the person who claims to be the actual owner and that he has the right to sell it. Greek homes are often co-owned by multiple members of the same family, but sellers may forget to say that they only share them!
Also, hire a civil engineer (politikos michanikos) to check the zoning method (which will tell you what you can do with real estate) and make sure that the land boundaries match what you actually qualify for. need to do it. wandering. It is a very “copper precaution” in Greece. Once the investigation is complete and your money is available, the notary will create a final contract. It must be signed in the presence of a notary, a lawyer, or a real estate agent. Ownership will then be transferred to you. If this seems a little worrisome, talk to a non-Greek citizen who has already gone through the process. They want to drink a few glasses of ouzo and chat with you, and you will soon find it not too difficult.
But the most important thing to keep in mind if you want to buy real estate in Greece is that you don’t expect everything to work as accurately as in the United States or the United Kingdom. Spend time chatting with friends

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