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Get Golden Visa-Buying a property in Greece

Types of Investments in Greece

Greece offers a wide range of investment opportunities for individuals and businesses wishing to invest in real estate, capital or other forms of strategic development. Below are the main categories of investments, depending on the amount and type of investment: ​ ​ ​

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Real Estate Investments

 

Investment Value: €250,000

  • Conversion of commercial properties into residences

  • Restoration of listed buildings

  • Ideal choice for investors aiming to upgrade the urban fabric​

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Investment Value: €800,000

  • Applies to high-demand areas: Attica, Thessaloniki, Mykonos, Thira and islands with a population of over 3,100 inhabitants Suitable for investments in luxury properties or tourist units​

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Investment Value: €400,000

  • Applies to the rest of Greece's regions Opportunities in developing areas with lower competition ​ ​

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Alternative Investment Options ​

 

​Leasing of Tourist Accommodation

 

  • 10-year lease agreement for hotels or furnished residences

  • Minimum value: €400,000 or €800,000 (depending on the region)

 

Greek Government Bonds

 

  • Minimum investment of €500,000

  • Duration: 3 years

  • Purchase through a Greek credit institution

 

Shares & Bonds

 

  • Minimum investment of €800,000

  • Includes corporate and government bonds traded on Greek markets

 

Investment Funds

 

  • Minimum investment: €350,000

  • Refers to funds that invest in Greek shares, corporate or government bonds

 

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Why invest in Greece?

  • ​Strategic geographical location in Europe

  • Favorable tax and investment environment

  • Access to the Golden Visa program for residence in the EU

  • Growing real estate and tourism market

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Why choose Greece

A Second Home in the Heart of the Mediterranean​

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Have you ever dreamed of calling Greece your second home? Greece uniquely combines culture, nature, entrepreneurship, and quality of life. From historic cities to enchanting islands, the country offers an ideal environment for investment, residence, and personal well-being.

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Low Taxes for Foreign Investors

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  • Favorable tax agreements with many countries

  • Avoidance of double taxation for foreign residents

  • Income from real estate is taxed only in Greece

  • Income from abroad may be tax-free

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Affordable and High-Quality Lifestyle

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  • Rich history and culture

  • Emphasis on family, tradition, and outdoor life

  • Low cost of living compared to other European countries

  • Balance between tranquility and modern development

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Easy Access & International Connections

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  • International airports with connections around the world

  • Developed transportation network within the country

  • Access to islands, coastal cities, and mountainous areas

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Friendly Environment for Expats & Foreign Residents

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  • Hospitality and open culture

  • Large community of foreign residents and investors

  • Ease of social integration and daily life​

 

Golden Visa – The Path to European Residency

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  • Investment in real estate worth at least €250,000

  • Visa-free access to Schengen countries

  • Possibility of family residence and permit renewal

  • Attractive program for investors and families

 

Required Documents for Investment & Residence

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  • Valid passport

  • Tax Identification Number (TIN)

  • Entry visa (for non-EU citizens)

  • Proof of residence

  • Copy of tax returns

  • Official identification documents

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​​Contact Us

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Are you ready to take the next step? Our team is here to guide you through every stage of your investment and relocation to Greece.

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Steps for Buying Property in Greece

​​​​1. Selecting the Type of Property

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Decide what type of property you are interested in:

  • Apartment in the city

  • Villa with a view

  • Traditional house in a village

  • Commercial property

Consult a reputable real estate agent to begin your search.

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2. Visit Greece

 

  • Make a list of properties that interest you

  • Travel to Greece for an on-site visit

  • Check the surroundings, amenities, and access

  • A local guide can save you time and effort

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3. Final Selection & Legal Support

 

  • Choose the property that suits you

  • Make a second visit to confirm

  • Hire a lawyer for legal review and advice

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4. Financial Planning

 

  • Set your budget

  • Consider exchange rates, loans, and interest rates

  • Check for additional charges (e.g., VAT)

  • Negotiate the final price with the seller

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5. Reserving the Property

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  • Pay a deposit (usually 10%)

  • Receive a preliminary contract

  • Do not sign or pay without consulting your lawyer

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6. Signing the Final Deed

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  • The lawyer checks taxes, debts, and regulations

  • The final contract is drawn up

  • Sign before a notary

  • Register with public authorities

 

7. Tax Identification Number (AFM) & Tax Obligations

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  • Visit the tax office to obtain an AFM

  • Obtain TAXIS codes for tax returns

  • Submit the contract and certificates to the land registry

  • A Greek mobile phone number is required for confirmations

  • Work with an accountant for your annual tax return

Property Taxation in Greece

Buying property in Greece comes with certain tax obligations and expenses. Below is a detailed overview of the main taxes and related charges you need to be aware of:

 

Real Estate Tax (ENFIA)

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ENFIA is the annual tax imposed on all property owners in Greece. The rate depends on the value of the property. For properties worth €200,000, the tax is 0.10%. For properties worth €300,000, the tax increases to 0.15%. For properties worth €400,000, the tax is 0.25%, while for properties worth €500,000, it reaches 0.35%. For properties worth €2 million, the tax is 1.10%, and for values over €2 million, the tax is 1.15%.

 

Transfer Tax

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When purchasing a property, the buyer is required to pay transfer tax. This rate is usually 3.09% of the taxable value of the property. This tax is paid once, at the time of transfer.

 

Taxation of Rental Income

 

If the property generates income through rental, the following tax rates apply: For income up to €12,000, the tax is 15%. For income between €12,000 and €35,000, the tax increases to 35%. For income over €35,000, the rate reaches 45%.

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Fees and Other Expenses

 

During the purchase process, there are additional expenses that must be taken into account. The real estate agency's fee usually ranges between 2% and 2.5% of the property value, plus VAT. The lawyer charges between 0.4% and 1% plus VAT, while notary fees range from 0.65% to 1% plus VAT. Finally, land registry fees amount to 0.5% plus VAT.

 

Important Notes

 

The initial purchase cost includes the value of the property and a 10% deposit is usually required before the final signing of the contract. It is important to consult a lawyer before making any payments or signing any documents.

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Summary of Property Purchase Costs for Golden Visa

​Transfer Tax

 

  • 3.09% of the taxable value of the property

  • Payable once at the time of purchase

 

Legal Fees

 

  • Lawyer's fee for the contract: 1% + VAT (24%)

  • Power of Attorney: approximately €150

  • Notary fees: 1.2%

  • Land registry fees: 0.5% to 0.8%

 

Golden Visa Fees

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  • Immigration service fees for the investor: €2,000

  • Fees for each family member over 13 years of age: €150 per person

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Real Estate Agency Fees

 

Real estate agency fee: from 2% + VAT (24%)

 

​Note: Prices may vary depending on the area, the value of the property, and the service provider. It is recommended to work with specialized professionals for an accurate cost estimate.

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