Your Guide to Buying Property in Greece

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Why Greece?

Do you know what is the most significant advantage of buying property in Greece? It’s a “European residence permit.”

Apart from that, the big part is that it’s tricky to decide where to settle down with so many options on the list. Well, we may ease up this trouble by suggesting one perfect country that you can call your second home.

One of the most preferred locations in Europe that have seduced people for buying a property is Greece. In the last few years, a thousand foreigners have bought a house under their name in this heavenly country. So, why don’t you go for one here?

TUndoubtedly, investing in a property in Greece is going to be the best decision you will make so far. However, there are some risks with the procedures and legal system during the whole process of selecting and buying it. So, the most crucial thing to do before starting off is to research! In-depth research! Otherwise, you too might fall prey to dangers like failing to protect yourself legally, currency risk, and many more.

Therefore, this guide will help you buy the ideal home in Greece, making you enjoy the process rather than making it a costly nightmare.

Should You Buy Property in Greece?

Ever dreamed of calling Greece your second home?

The Greek culture, coastlines, cuisine, landscape, business opportunities, and many other advantages are in themselves sufficient for buying property in Greece. Apart from that, go through these perks mentioned below. We are sure these will entice you to hasten up your decision.

Low Taxes

Greece indeed has a lot to offer the foreigners who are investing in the country. For overseas residents, the country offers terrific tax deals. If your native country is under a tax treaty with Greece, you don’t have to pay double taxes. Moreover, income from Greece’s properties will be taxable in Greece only, and any income from abroad will be tax-free.

The current PM of the country, Mitsotakis, has even announced VAT suspension on the real estate properties in the country. However, you’ll have to pay a property tax each year.

Affordable Lifestyle

The country has been blessed with a rich past, splendid scenery, and a treasure of Greek values. Not to mention, the Greeks emphasize family, tradition, and a love of the outdoors. Moreover, Greece offers an affordable lifestyle for all. From a small town to a big tech city, the way of living is full of tranquility and pride.

Moreover, not only is buying property in Greece easy but the lifestyle too, as compared to other European countries, is better than many.

Easy To Travel to

Furthermore, with its great connections with the rest of the world, you can travel to Greece without any inconvenience. Therefore, no one will ever find it troubling to reach there. In fact, once you have landed in the country, you will find out that the local transportation system too is very much affordable and connected to every town.

Expat-friendly

Since it is a welcoming country, the Greeks will treat you as one of their own as soon as you land in the country. Moreover, as more and more people from the EU and non-EU countries are moving to Greece, you will likely find familiar faces amidst the crowd.

Therefore, with these many luxury benefits, who wouldn’t like to move to Greece?

So, we are already anticipating that you are going to make a move and buy a property there, so the next section will take you through the buying process.

Path to European Residency

Greece has a Golden Visa scheme that grants residency in return for investment. If the house you’re going to buy costs a minimum of €250,000, you can be eligible for Greece Golden Visa. With this program, you get visa-free access to Schengen countries and many other benefits.

How To Buy Property in Greece: Step by Step Process

Welcome to the most awaited part of the article. Here’s the step-by-step guide on buying property in Greece.

Any foreigner can own a home in Greece. The country does not apply any restrictions on the purchase. However, it is highly advised that you have legal assistance to hold your back.

Required Documents

  • A valid passport
  • AFM (Tax Registry Number)
  • Valid visa to enter Greece (in case of non-EU national)
  • Residence proof
  • Copy of tax returns
  • Government-issued ID proofs