What are the steps to buying a property as a foreigner?
Buying property in Greece is a pretty straightforward process, even for a foreigner. These are the steps to keep in mind as you get started.
- Choose where to buy. While shopping online can give you a good idea of the property itself, it can be difficult to get a real feel for the area without being there. As such, it’s a good idea to take a trip to Greece to scout where you’d like to buy beforehand, if possible.
- Retain an agent. If you’d rather search yourself, begin looking online
- Pick your property and make an offer. After choosing a property and doing your due diligence, make an offer to the seller. If it’s accepted…
- Get a lawyer. In Greece, it’s mandatory to retain a lawyer.
- Get a notary. The notary makes or breaks the property sale in Greece; make sure all your documents are in order so you can breeze through this process.
- Pay your taxes. The buyer pays for the property tax transfer in Greece, which is set at 3% since 2014. Watch out, though- you won’t be able to do so without an AFM, which is like a Greek social security number. You can get one by filling out M1 and M7 tax forms.
- Enjoy your new property!
Our office ensure you that all the steps needed as:
- obtain AFM number,
- Translate Documents – Passport, TAX documents etc…
- Open Bank account
will be easy, as long as you follow our guidance.
To be ready to follow the steps above you need upon your arrival to have – prepare :
• TAX Number – We assist on getting one from the Tax Office
• Proxy that gives the power to act on behalf for all buying procedure as long as getting the necessary government papers needed.
• Bank Account ( need the TAX clearing from your country of residence, One bill that proves the address and the phone, one paper from work to prove the work status – All those papers need be translated in English )
Remember: We offer all the services you will need! We have in-house civil engineer and cooperating lawyer for your safe and easy purchase.