Real Estate Purchases in Greece: A Legal Guide for Greek-Americans
Navigating Property Purchases in Greece as a Greek-American
Buying property in Greece can be a complex process, especially for Greek-Americans unfamiliar with the country’s legal and bureaucratic system. Understanding property laws, taxes, and registration procedures is crucial to ensuring a smooth real estate transaction. At E CHATZIDIMITRIOU LLC, we specialize in assisting Greek expatriates with real estate purchases in Greece, offering expert legal support throughout the entire process.
We provide remote legal assistance and online consultations to discuss your real estate needs, handling property transactions across Greece and Cyprus. Our team ensures seamless execution while communicating in Greek, making it easier for Greek-Americans to invest in real estate without language barriers.
☎ Contact us at +13474034789 or email info@hatzidimitriouvirtuallaw.com for professional legal assistance.
Key Steps in Buying Property in Greece
1. Conducting a Property Title Search in Greece
Before purchasing real estate in Greece, it is essential to verify the property’s legal status. A title search ensures the property has no encumbrances, unpaid taxes, or legal disputes. This process involves checking records at the Greek Land Registry (Ktimatologio) or Mortgage Registry.
Our legal team will:
•Verify property ownership records.
•Identify any mortgages, liens, or legal claims.
•Ensure the property is legally available for sale.
2. Obtaining a Greek Tax Identification Number (AFM)
To purchase property in Greece, all buyers must have a Greek Tax Identification Number (AFM). This number is required for signing contracts, paying taxes, and completing transactions. If you are a Greek-American with no Greek residency, we can help you obtain an AFM remotely without requiring travel.
3. Drafting and Reviewing the Purchase Agreement
The property purchase contract is a legally binding document that outlines the price, terms, and obligations of the buyer and seller. Our legal team will:
•Review the contract to ensure compliance with Greek real estate laws.
•Verify seller obligations, including tax payments.
•Ensure transparency and prevent hidden liabilities.
All property transactions in Greece must be notarized before a Greek Notary Public. We handle this process on your behalf, ensuring all necessary documents are correctly filed.
4. Paying Property Taxes and Fees
Buyers must pay several mandatory taxes and fees, including:
•Property Transfer Tax (ranging from 3%–24%, depending on the transaction type).
•Notary and legal fees (typically 1%–2% of the purchase price).
•Registration costs for recording the property under the new owner’s name.
Our legal team at E CHATZIDIMITRIOU LLC ensures all tax and registration requirements are met without delays.
5. Finalizing the Property Transfer & Registering Ownership
Once the transaction is completed, the new owner must register the property with the Greek Land Registry or Mortgage Registry. This is a crucial step to secure legal ownership and prevent potential disputes.
We manage the entire registration process remotely, ensuring full compliance with Greek real estate laws.
Why Choose E CHATZIDIMITRIOU LLC for Your Property Purchase?
✅ Specialized Legal Support: We provide tailored legal services for Greek-Americans purchasing property in Greece.
✅ Remote Legal Assistance: We handle transactions remotely, avoiding unnecessary travel.
✅ Expertise in Greek Real Estate Law: Our team has extensive experience in Greek and Cypriot property laws.
✅ Clear Communication in Greek: We ensure smooth communication without language barriers.
☎ For legal assistance with property purchases in Greece, call us at +13474034789 or email info@hatzidimitriouvirtuallaw.com.
Frequently Asked Questions (FAQs)
Can I buy property in Greece if I don’t live there?
Yes! Greek-Americans can buy property in Greece without residency. We assist with obtaining a Greek Tax ID (AFM), legal representation, and all required documentation remotely.
What are the tax implications of owning property in Greece?
Property owners in Greece must pay annual property taxes (ENFIA). Additional taxes may apply if the property generates rental income.
Do I need a Greek bank account to purchase property?
Yes, a Greek bank account is required to process payments and complete transactions. We assist in opening an account for non-residents.
Start Your Property Investment in Greece Today
Investing in Greek real estate is a valuable opportunity, whether for personal use, retirement, or rental income. With the right legal support, you can buy property in Greece hassle-free.
Let E CHATZIDIMITRIOU LLC guide you through the legal process.
☎ Contact us today at +13474034789 or email info@hatzidimitriouvirtuallaw.com to schedule an online consultation.