Simple steps to buying a property in Greece
Why use our professional services? Buying property in a foreign country can be complicated and without the right support you can easily get into uncomfortable situations. Our expert on-site services include not only the preparation of all the necessary documents, but also legal support to ensure your investment is secure. Thanks to our team of Czech-speaking lawyers and specialists, you don't have to worry about unexpected pitfalls.
Simple steps to buying a property in Greece
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In order for us to take better care of you I need to know your answer to three questions:
1.What is your intention or expectation in buying this property?
2.How much do you want to invest in a property abroad?
3.When do you want to make your plan a reality?
1. Get your AFM number
Before you buy a property in Greece, we will provide you with an AFM number, which is your tax number. You will need it not only to buy a property, but also to legally work in Greece, open a bank account and more.
AFM number will be obtained from the local Greek tax office (Eforia). You will usually need to present your passport and a copy of it, your full birth certificate and a copy of it, and if you are married, your marriage certificate.
2. Always with a lawyer specialising in real estate
We always use an independent lawyer who specialises in Greek real estate. The lawyer will carry out a thorough inspection of the property you are interested in and ensure that the contract is in line with your requirements.
The lawyer will also ensure that you are not liable for any arrears owed by the previous owner, such as mortgage costs or taxes, and that your property complies with building and planning regulations.
3. Decide together how you will pay for your property in Greece
Although it is possible for non-residents to get a mortgage from a Greek bank, some banks may be reluctant to lend to foreigners. Opening a Greek bank account can increase your chances of getting a loan.
You can also consider other ways of financing your property, such as releasing equity, obtaining a so-called American mortgage in the country and using the funds to buy a property in Greece.
4. When selecting your future property, we will confirm the decision to buy it by depositing a 10% deposit on the reservation of the property.
A solicitor will then carry out a title check on the property to ensure that there are no debts or taxes relating to the property. Once everything is done, you can proceed to settle the balance and any necessary government fees. You will need a notary (as opposed to a lawyer) to prepare the contract. Both parties must sign the contract in the presence of the notary. It usually takes four to six weeks to complete.
5. If you want to spend a longer period of time in Greece, for example in retirement or when moving permanently, buying a property is the best option for you!
Staying under the Greek sun is a unique opportunity to create beautiful memories and experience the most peaceful time of your life.
Do you have any questions about buying a property in Greece?
Contact us
at My Real Estate By The Sea, specifically Mr. Nikolay Kirilov on +420 774 401 036, an expert in the location of Greece, who will help you with the entire process of buying a property in Greece. Feel free to contact us for more information and on-site consultation.