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Property in Greece

Property in Greece

The purchase of a property in Greece requires some standard costs that you should be aware of and are mentioned in brief below:

  • Tax for Property Transfer:
    • City plan properties: for the first 15,000€ of the property's value mentioned within the contract, the tax is calculated at a rate of 9% while for the rest of the amount the tax is calculated at a rate of 11%.
    • Out of city plan properties: for the first 15,000€ of the property's value mentioned within the contract, the tax is calculated at a rate of 7% % while for the rest of the amount the tax is calculated at a rate of 9%.
  • Notary's expenses: The cost is calculated at a rate of approximately 2% on the price mentioned within the contract.
  • Lawyer's expenses: The cost is calculated at a rate of approximately 1,5% on the price mentioned within the contract.
  • Transcription of the property in the Mortgage Office: the cost is calculated at a rate of 0,475% on the price mentioned within the contract.
  • Brokerage Commission: The brokerage commission is calculated at a rate of 2% (plus 19% VAT).