Table of Contents

Greece Property Purchasing Process, Taxes & Expenses

Appoint an independent Lawyer

Lawyer’s fee: 1 + 24%VAT so 1,24% (of the contract amount).

Appoint a Public Notary

We can arrange the signing of the final agreement at a public Notary’s office, according to the Greek Law.  The signing of the final contract is done in the presence of the Public Notary at his/her office, whom by the Greek Law is responsible for the validity and legitimacy of the title deed of the Buyer.


  1. a)      During the signing of the contract, the Public Notary is obliged to arrange the presence of an official translator in order to explain to the Buyer at his/her mother tongue all legal terms.
  2. b)      The Buyer can sign him/herself the contract, OR, give a power of attorney to the appointed Lawyer and sign on his/her behalf.
Issue a tax registry number (‘AFM’)

We assist the clients to issue the Greek tax registry number in order to proceed with the opening of a bank account as well as to purchase a property.  The tax registry number is applied for and issued by the Inland Revenue Service.

The AFM (in Greek: Α.Φ.Μ.) is the Greek tax registration number and required by the Greek Tax Authorities and it is necessary for purchasing or renting a property, opening a bank account, buying a car and in many other occasions.  Requested documents to issue the AFM usually are: copy of passport.

Note:The Buyer can obtain the AFM him/herself, OR, give a power of attorney to the appointed Lawyer and receive it on his/her behalf.

Title Deed Transfer fees

The transfer of title deed tax must be paid to the local Inland Revenue Service by the Buyer prior to signing the contract and we assist clients throughout the process.  This is one time government fee applicable to all property buyers, at the rate of : 3,09%


  1. a) At the moment 24% VAT on new properties is ‘frozen’.
  2. b) The Buyer can pay him/herself the above tax, OR, give a power of attorney to the appointed Lawyer and pay it on his/her behalf.
Signing the sales contract

The final contract is signed in the presence of a Public Notary.  When the contract is signed, the Notary registers the transaction at the local Registry of Mortgages. The fee of public Notary is: 1,5% (approx.) on the contract price.

Effect transfer at theRegistry of Mortgages

The Notary ensures that the title deed is transferred to the Buyer’s name(s) by obtaining the relevant certificate from the Registry of Mortgages. Title Registration fee is payable by the Buyer: 0,5% – 0,9% (approx. of contract amount).  This is a one-time fee.

Permanent Residence Application ANd Lawyer’s fee:

we have negotiated special fees to issue the PR and an independent Lawyer will handle the whole PR process.  Fees are as follows:

Application fee is €500 for every Applicant, plus:

– One Buyer: €1.000

– One Buyer with spouse and one child: €1.500

– One Buyer with spouse and 2 children or more: €2.000

Capital Gains Tax

(on the sale of property): at the moment there is NO Capital Gains Tax from reselling a profit !

Medical Insurance:

medical insurance is requirement by the PR law.  Each Applicant (of PR) must have a medical insurance in Greece.  The insurance fees depend on the age of each Applicant.  In general, medical insurance fees start from 250Euros per year upto 500Euros.  Our After Sales Team will put you in contact with Greek Insurance companies.