What do you need to know about purchasing properties in Greece?

Foreigners who are EU nationals can purchase property in Greece without any limits, while the other nationalities are faced with some restrictions. Non-EU citizens who want to buy properties in Greece need a special permission from the Local Council. Such permission, however, is not given if you want to buy near military bases, national borders or on some islands, out of security reasons. In recent years, the government wants to attract foreign investors to buy or rent property in the country and offer residence valid for five years for any purchase above EUR 250 000.
 

The process of purchasing properties by foreigners is not very complicated in Greece, however it has its specificities. For example you need to obtain a Tax Registry Number from the Internal Revenue Service and present a document for importing money for the deal with the permission of the Bank of Greece. The most important thing is that the final contract should be signed in front of a notary public who will verify the deed and register it in the public registry. If you sign a private document with the seller, then be advised that this is not recognized by the Greek law and the contract will be considered null and void.
 

Perhaps the first thing you need to find when considering a purchase of real estate in Greece is a lawyer specialized in the field. According to the Greek law the presence of a lawyer is mandatory for any deal amounting over EUR 29 347 for the area of Athens and Piraeus and EUR 11 739 for the rest of the country. He should be present on the signing of the purchase contract and even sign it themselves. The law also defines a minimum fee for the legal services, which is a different percentage depending on the total amount of the deal.
 

Greece is attractive mainly is a holiday destination because of its mild climate, beautiful nature and tasty food. Therefore, most of the people buy vacation villas or village houses near the coastal line. On the other hand, the country also offers a great variety of state-of-the art commercial buildings, which are worth the investment.

Browse our offers and choose the best property for yourself at https://www.domaza.co.uk/properties_in_greece/