Any foreigner can become a homeowner in Greece. The country does not apply any restrictions on purchase. On the contrary, nationals of non-EU countries can even benefit from the Golden Visa as long as the minimum amount of their real estate investment is €250,000. This five-year residence permit is renewable and extends to his family (parents and children). After 7 years of residence, it is possible to apply for a Greek passport.
It is strongly recommended to be accompanied by a specialised lawyer when buying a property in Greece. There is no land registry in Greece (except in a few cities including Athens), so it is necessary to have a lawyer’s assistance before signing any sales agreement. The latter will thus be able to check the property titles, the building permit, the length, the buildability of the land… Similarly, it is advisable to call upon an accountant, a notary (often chosen by the seller) and even a surveyor who will ensure that all construction acts are in conformity with the law.
To be able to buy a home in Greece, you must obtain a non-resident tax registration number (AFM) and the access codes to the “TAXIS” system. This system makes it possible to fulfil its reporting obligations (including the payment of the housing tax). It is also advisable to open a bank account in Greece, which will facilitate the transaction and tax procedures related to the ownership of your property.
When signing the promise of sale, it is usual to pay a “deposit” and set a deadline for signing the sale agreement. However, you should be aware that the amount paid is not a legally binding guarantee of sale. To conclude the sale, the owner must provide a certain number of documents (tax certificate, energy performance certificate, etc.). The transfer of ownership is then done before a notary. The presence of an interpreter at the signing will be mandatory for people who do not speak Greek. Once the transaction is effective and with the help of his lawyer, the new owner must file the acquisition declaration within one month of purchase (E9 declaration).