Everything you need to know if you want to buy a house in Greece

Everything you need to know if you want to buy a house in Greece

Owning your own property with a holiday home in Greece: The chances of realizing this dream are good! The Greek real estate market is relaxed, and attractive properties with beautiful land are for sale throughout the country. More and more German companies are also recognizing the potential of the local real estate market and investing in Greece.

Buying a house in Greece: The law firm KPAG Kosmidis & Partner provides expert support for all your real estate law questions and issues.

In recent years, numerous legal changes have been implemented in Greece as a result of the country’s economic development, including those affecting real estate law. You can eliminate the resulting legal uncertainties when buying a house by consulting a lawyer. As a bilingual law firm, we represent your interests competently and reliably in Greece.

Buying a house in Greece: Legal basics for real estate and buying a house in Greece

If you want to buy a (holiday) house in Greece, there are several legal aspects to consider. As an experienced law firm with German-speaking and experienced lawyers, we are the right partner for you. We guide you through the entire process of buying a house or property: from compiling the necessary documents and registering the property in the land register to drafting the contracts, purchasing the property, and answering any questions that may arise afterward – we are here for you!

What do you need if you want to buy a house in Greece?

As a buyer, you need a Greek tax identification number (AFM), your passport, proof of payment of the lawyers’ fees (“parastasi”), and a certificate from the relevant tax office confirming that you have properly paid the applicable property transfer tax.

What do you need to consider when buying a house in Greece?

Buying a house in Greece is similar to buying one in Germany. Similar, but not exactly the same. We have compiled some basic aspects you should be aware of:

• Property Law: When you buy a house in Greece, a notarized purchase agreement must be signed, and the property must be registered in the mortgage register (Ipothikofilakio) or the land register (Ktimatologio). We would be happy to discuss this topic with you in detail over the phone.
• Viewing: Before buying a house in Greece, you should definitely make the trip and view the property in person. This is the only way to get a firsthand impression of its structural condition.
• Purchase Agreement: If you are convinced that your dream house is right for you, a purchase agreement will be drawn up, which will specify, among other things, the purchase price. Due to the complex legal situation in Greece, it is advisable to consult a qualified lawyer. They will also handle the land registry search for you and guide you through the entire process until the contract is finalized.
• Acquisition Restrictions: Greek law includes various regulations that restrict the acquisition of real estate and land. For example, there are building regulations, which we would be happy to explain to you if needed.

Where to buy a house in Greece?

Whether you’re looking for a two-room apartment in Thessaloniki or Athens, a holiday home by the sea on a Greek island like Rhodes, a villa with a large plot of land and sea views in Crete, or a quiet detached house on the Peloponnese or Halkidiki peninsula: KPAG Kosmidis & Partner provides expert assistance with your property purchase in every region of Greece. We have an extensive network of specialist real estate lawyers available throughout Greece!

KPAG Kosmidis & Partner is your experienced law firm for real estate law – We help you buy a house in Greece.

We are your reliable Greek lawyer with decades of experience and extensive expertise in real estate law. The law firm KPAG Kosmidis & Partner offers you numerous advantages:

• Dual Qualification & Bilingualism: Some of our lawyers are dual-qualified and not only fluent in German but also familiar with both German and Greek legal systems, having lived in Germany for many years. Accordingly, we possess a deep understanding of the German mentality and are intimately familiar with the needs and challenges of our German clients.
• Extensive network of partners: We have been active in cross-border real estate law since 1992 and have an interdisciplinary network of partners spanning all of Greece. We would be pleased to share our expertise and personal contacts with you.
  
• As a large law firm, we also offer expert legal services in Greece in other areas of law. Whether you need a lawyer specializing in international inheritance law, information on inheritance law in Greece, or expert support in tax law – we have the right specialist for you! We are also happy to assist German companies operating in Greece.

Are you looking to buy an apartment or holiday home in Greece but are unsure about the legal basis or need legal assistance with drafting a purchase agreement? Then you’ve come to the right place: We look forward to helping you.