Legal Steps for Buying Property in Greece

Buying property in Greece involves specific legal steps you must follow.

Step 1: Loan Pre-approval

If you need financing, start with loan pre-approval. This gives you a clear picture of your budget.

Step 2: Legal Due Diligence

Your lawyer checks the title deed, any encumbrances, mortgages and arbitration decisions. This step is critical.

Step 3: Pre-Contract

You sign a purchase pre-contract and pay a deposit (usually 10% of value). This binds both parties.

Step 4: Tax Value

The notary calculates the taxable value and transfer tax (3.09%).

Step 5: Final Contract

Signing the final contract before a notary. Payment of remaining price.

Step 6: Registration

Registration of contract at the land registry. Official completion of purchase.