Property Buying Procedure

Steps

  • Expression of interest
  • Offer submission and final agreement
  • Property due diligence by a partnering law firm or a professional of your choice
  • Legal authorization by mandate to settle the contract procedures in case you are not a Greek resident or upon request (issuing a Tax Identification Number, opening a bank account etc.)
  • Processing of the purchase procedure
  • Completion of the purchase and contract signing

Payment Stages

(% of contract value)

  • 20% within 14 days of the reservation
  • 30% upon completion of bearing structure
  • 25% upon completion of plastering
  • 15% upon installation of aluminum frames
  • 10% on property delivery

Contract fees

(estimate, % of contract value)

  • Legal 1%
  • Notary 1%
  • Mandate 100-200 Euro
  • Transfer tax 3%
  • Land Registry~0,8%

Golden Visa

In July 2015, the Greek government updated its migration policy concerning residence permits.

According to the new regulations, upon purchase of a property with a value of at least 250.000 Euro, investors and their families fulfill the necessary requirements to obtain a 5-year residence permit with the option of continuous renewal, provided that the property remains in their ownership. They are also entitled to apply for Greek citizenship after 7 years, as long as they have lived in the country for an uninterrupted period of at least 5 years.

A Panorama Village apartment can secure the desired Golden Visa. Our lawyers can provide additional information regarding the Greek migration policy, upon request.

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