Real Estate

Real Estate

Real Estate Legal Services in Greece

Our law firm offers expert legal guidance for property transactions throughout Greece. With over 15 years of experience, we ensure our clients are fully informed and protected through every stage of the transaction process. Real estate transactions in Greece can be complex, but we provide seamless, end-to-end support.

Our Real Estate Legal Services include:

  • Negotiation with the seller’s attorney to finalize transaction terms

  • Drafting of Power of Attorney (PoA) for all required actions

  • Title check at the local Land Registry (Mortgage Office or Cadastre)

  • Appointment and coordination with notaries and civil engineers

  • Issuance of Greek Tax Identification Number (AFM)

  • Opening of Greek bank accounts

  • Drafting and reviewing private agreements and notarial deeds

  • Attendance and representation at the signing of contracts

  • Oral interpretation in English on signing day

  • Ongoing legal support and remote consultation (Skype/Zoom/Teams)

Buying and Selling Property in Greece

All property transactions in Greece must be formalized through a Notarial Deed signed before a Greek Notary Public and registered at the competent Land Registry (Ypothikofilakeion or Ktimatologio).

The Greek Land Registry System

Property ownership is recorded and protected by two systems:

  • Ypothikofilakeio (traditional system): Registration based on the owner’s name

  • Ktimatologio (cadastre): Registration based on the physical property itself

The cadastre system provides greater security and transparency. While both systems currently operate in parallel, the cadastre will eventually replace the traditional system. A local title search is always necessary to confirm legal ownership and ensure the property is free of liens or encumbrances.

Role of the Notary Public

The notary drafts and certifies the final contract and ensures its proper registration. The notary is a neutral public official and does not represent either party. Typically, the buyer selects and pays the notary.

Role of the Lawyer

The lawyer represents the buyer’s interests and conducts the legal due diligence, ensuring the seller holds valid title and the property is free of legal issues. The lawyer collaborates with the notary and monitors the entire transaction until completion.

Role of the Civil Engineer

We recommend hiring a civil engineer to:

  • Verify land boundaries and property condition

  • Identify unauthorized constructions or zoning issues

  • Review technical drawings and plans

  • Estimate renovation costs, if applicable

The seller must rectify any unauthorized works before selling the property.

Greek Tax Identification Number (ΑΦΜ)

A Greek AFM (Tax ID) is required for any property transaction. It is obtained through the local tax office and can be issued via a Power of Attorney. A Greek tax representative is also mandatory for foreign buyers who do not reside in Greece.

Opening a Greek Bank Account

Buyers must open a Greek bank account to pay taxes and fulfill future obligations. Required documents typically include:

  • Passport

  • Proof of address (e.g., utility bill)

  • Greek Tax ID (AFM)

  • Tax residency certificate or salary documentation

Required Documents from the Seller

The seller must provide:

  • Tax clearance certificate

  • Certificates of non-debt (if applicable)

  • Engineer’s Certificate (Law 4495/2017 compliance)

  • Energy Performance Certificate

  • ENFIA (property tax) clearance

  • Municipality fee certificates

  • Topographic and architectural plans

Transfer Tax

Buyers pay a transfer tax of approximately 3.09% of the contract value, payable before the notarial signing. For newly built properties sold by construction companies, 24% VAT may apply instead.

Final Registration

After signing, the deed must be registered with the local Land Registry. Fees are approximately 0.475% to 0.575% of the property value, plus small administrative charges.

Translation

A certified translator is required at the signing unless the buyer is represented by a Greek-speaking attorney under PoA.

Post-Purchase Tax Obligations

As a property owner in Greece, you must:

  • File an E9 Statement within 30 days of the transaction via the official AADE portal

  • Pay Annual Property Tax (ENFIA), based on zone rates, size, and year of construction. Payment can be made in full or in monthly installments

Our firm is here to support you throughout your real estate investment journey in Greece, ensuring legal security and peace of mind. Contact us for a consultation.