Frequently Asked Questions
What is the selling process of a property

1. Choice of a Real Estate Agency
2. Accurate evaluation from a certified appraiser in our office
3. Creation of a detailed presentation for your property
4. Promotion of your property in Greece & abroad
5. Visit with potential buyers
6. Reception of an offer
7. Acceptance of the offer
8. Preliminary contract
9. Final contract & completion of the process

Necessary documents for a property sale

1. Photocopies of Identity cards/passports, T.I.N.s and tax return documents of the parties involved.

2. Property Ownership Documents (seller)

3. Tax return documents of the seller

4. Certificate from the Municipality stating that the tax of the real estate property (ΤΑΠ) has been paid.

5. Certified copy of the Construction permit, if the property has been constructed after 14.03.1983, otherwise official relevant statements of the parties involved.

6. Official statements of the parties involved., signed before a notary, stating that the transferred property is not found on a seashore, environmental habitat, beach, public or archeological site, according to Law 2242/1994.

7. a. In the case that the property is found in an area that is currently being added to the national cadaster, the relevant document stating the process of subscription or the actual subscription to the cadaster.

7. b. In the case that the property is found in an area that has already been added to the national cadaster, the relevant document stating the subscription to the cadaster and the topographic plan.

8. a. In the case that the property has been transferred to the owner by his parents, has been inherited or donated to the owner, after the 31.12.1994, a certificate stating that all relevant taxes have been paid to the state.

8. b. 1 In the case that the property has been inherited until the 31.12.1994: the official certificate of death, proving that the provider of the property actually passed before the 31.12.1994.

8. b. 2 In the case that the property has been transferred by the parents to their offspring or has been donated before the 31.12.1994: an official copy of the relevant contract.

9. a For a horizontal ownership with no unauthorized constructions or uses:

9.a.1 A certificate issued by a civil engineer stating the above mentioned fact, according to existing laws, with a mention of the unique property number issued by the technical chamber of Greece, valid for two (2) months and when necessary a topographic plan and

9.a.2 An official statement of the person transferring the property with the above mentioned content, declared before a notary.

9.b For a horizontal ownership with existing unauthorized constructions or uses:

9.b.1 A certificate issued by a civil engineer with a mention of the unique property number issued by the technical chamber of Greece, valid for two (2) months, stating that the unauthorized constructions or uses of the transferred property (horizontal ownership), not including the shared surfaces of the property fall under the exceptions of the law 4495/2017. When necessary the certificate is accompanied by a topographic plan

9. b.2 An official statement of the person transferring the property with the above mentioned content, signed before a notary.

10. A certificate issued by the Ministry of Finance for the Unified Real Estate Property Tax (ENFIA) proving that the person transferring the property (seller, providing parent, person donating etc.) has included the property in question in his Real Estate Property declaration. If the person transferring the real estate property has not owned the property for a minimum of five (5) years then they must also provide: an official statement declaring when & how they acquired the property and the fact that they were not obliged to declare it in their tax declaration (E9) for these years. This statement must also be verified by the tax service to which the owner belongs.

11. An Energy Efficiency Certificate is also required.

12. In the case that the owner has a commercial business, is a member of a company, or is obliged to pay insurance for the work done on a newly constructed building, the latest insurance clearance has to be provided.

Of course, the bureaucracy does not end here. There are other documents and certificates that an owner might need to provide to the notary, depending on the nature and location of the property (e.g. certificate from the forestry service, TOEB certificate, certificate from the municipality proving that the ownership has been declared or that there is no financial debt etc.)

What are the advantages of an exclusive cooperation for a property sale

1. Full promotion package in Greece & abroad
2. Gold & VIP adverts
3. Professional photoshoot & video
4. Pro-active real estate
5. Open cooperation invitation to all our colleagues

The exclusive mandate is valid for a specific amount of time that is agreed between the owner and the real estate advisor. During the effect of the written, exclusive real estate mandate, the seller can sell his own property, but he will be obliged to pay the real estate agency its agreed upon fee.

What is the process of finding and purchasing a real estate property

1. Choice of the property with the help of your real estate advisor.
2. Offer of purchase to the owner of the property & acceptance of said offer.
3. Choice of a lawyer & notary.
4. Creation of a Tax Identification Number (T.I.N.) and creation of a bank account (for people living abroad)
5. Deposit of usually 5 -10% of the property’s selling price.
6. Signing of the final contract.

Usually the time of completion for this process is about 2 months, given that no bureaucratic delays will occur.

What are the expenses of acquiring a real estate property in Greece

1. Property Transfer Tax
The tax is 3% on the taxed value of the property. Those who can use their ‘’right of primary residence’’ do not have to pay this tax.

2. Lawyer
Since 01/01/2014 the buyer or seller are not obliged to have a lawyer. However, we believe that it is absolutely necessary to have one. The lawyer’s fee is the result of his/her agreement with the client, but usually the fee is about 1% + V.A.T. on the selling price of the property.

3. Real Estate Agency
About 2 - 4% + V.A.T., depending on the property’s location.

4. Notary
The notary’s fee starts from 0,65% + V.A.T. up to 1,5% + V.A.T.

5. Property Registry Office
The fee for the transcription of a property’s contract at the Registry Office for a sale/purchase is 0,475% on the property price. An additional 0,125% on the property’s price is paid for the Lawyers’ Fund.

What are the annual costs for a property in Greece?

1. Unified Real Estate Property Tax (ENFIA):

2. Municipal Taxes & Fees: These depend on the value & surface of the property and are included in the electricity bills.

What is the objective value of a property?

The objective value of a property is decided by the Ministry of Finance and depends on the location of the property. It represents the financial value of a real estate property for the Greek Tax Authorities.

How will I find a lawyer, notary, civil engineer, insurance advisor etc?

Our company will suggest to you experienced lawyers, civil engineers, and any other professional you might need. Of course, the choice is yours and you can always cooperate with your own team of professionals.

Can I get a loan?

Yes, if you are a citizen of the European Union and your income is in EUROS (€).
Our company cooperates with various Greek Banks. In the case that you need a loan in order to finance your investment, our financial advisor will be at your disposal.

What is the current situation for the residency permit/Golden Visa for third country citizens (i.e.: outside of the E.U.)?

An entrance & residency permit can be acquired by any third country citizen who possesses or will possess (and has the relevant proof) a real estate property in Greece with a minimum price of 250.000€, as well as any third country citizen that has a lease for a hotel or tourist residence complex, for at least 10 years and with a minimum rent of 250.000€.

Why should I buy in Argolida/Peloponnese?

The distance from the capital, Athens.
• The secure access throughout the year.
• The natural beauty, combination of sea, mountain, numerous beaches, lakes, mountain slopes.
• The Greek way of living in the province.
• The rich ancient heritage, the archaeologic sites of Epidaurus, Mycenae, Olympia and many more.
• The annual revenue from the seasonal or long-term rental of the property.
• The potential of an added value, since the regional market is rising.
• Generally, whichever property you may buy, it will be more than an investment; it will be a dream come true. Argolida, and the Peloponnese in general, are among the prettiest destinations worldwide, known for the Mediterranean climate, rich culture and civilization and last but not least, the friendly people. This will always be the ideal place for the realization of your dreams.

Necessary documents for a property purchase

1. Identity card or passport.
2. Proof of payment for the property transfer tax at the relevant tax service. For the calculation and payment of this tax, the notary must first calculate the objective value of the property with a relevant form towards the tax service.

In the case that the buyer does not have to pay this tax, thanks to his right of primary residence, they must provide the tax service with the following documents:

• An official statement proving that he has not used his right of primary residence in the past and that he does not fully own any other house or apartment.
• A certificate proving his civil status.


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