FAQ
The process of purchasing a property includes searching for the right property, signing a pre-agreement, securing financing approval (if required), conducting legal checks (such as title verification and notary deed), and finally signing the transfer deed and paying the purchase amount.
The costs associated with purchasing a property include the property transfer tax, notary fees, lawyer’s fees (if required), administrative and other services, as well as the cost of registering the property in the Land Registry.
To obtain a mortgage loan, you need to meet certain criteria, such as having a stable income, a creditworthiness check, and an appraisal of the property’s value. Each bank has different policies, so it is advisable to consult with a bank advisor.
The property transfer tax is calculated as a percentage of the market value of the property or the agreed purchase price. This percentage may vary depending on the area and legislative changes, so it is recommended to consult with your accountant or notary.
Popular areas depend on the preferences of buyers. In general, areas close to the city center, with easy access to public transportation and near schools, shops, and green spaces are usually more popular.
Purchasing a property requires a higher initial investment but offers long-term savings and value, while renting offers flexibility and lower immediate costs without taking on the maintenance expenses of the property.
A property insurance inspection (or technical inspection) is a process where a specialist examines the condition of the property to determine if there are any damages or issues that could affect its value or safety.
Yes, purchasing property by foreigners is possible in Greece. However, there are some legal and tax issues that may need to be addressed, such as taxation and the obligation to pay taxes from abroad. It is recommended to have a legal advisor to guide you.
The value of a property is determined by factors such as location, the condition of the property, market prices in the area, as well as the size and amenities of the property. For an accurate appraisal, it is a good idea to consult a property appraiser or look for comparable properties in the area.
The rental process includes searching for a property, signing a rental agreement with the terms and duration of the lease, paying a security deposit (usually 1-2 months’ rent), and paying the monthly rent. It is also important to carefully read the rental contract to ensure it meets your needs.