Do I need a lawyer / solicitor?

Yes. Solicitors carry out necessary legal surveys and conduct a property title check for the past 20 years; they ensure the property is free of any mortgage notes, claims, expropriations, rights-of-way and, in general, any legal encumbrances.

Do I need an accountant?

Yes. It is essential to hire an accountant early on to help you with tax returns and explain taxation laws to you.

Do I need a Tax Registry Number (AFM)?

Yes. This tax number (AFM) is mandatory for all buyers, including foreigners and permanent residents abroad.
It is issued on the spot at tax offices, free of charge. All applicants must present their passport and their birth certificate.
If you have granted your solicitor full Power of Attorney, he / she can apply for an AFM on your behalf.

Do I have to pay annual property taxes?

From 1st January 2008 the tax on immovable property in Greece was abolished.
 This tax was imposed on properties that were valued in excess of €243.000. In its place is a yearly property tax payable by all property owners.
This is known as the Tax of Possession and is imposed on all properties, both inside and outside of city planning.

The rate of tax for an individual is 0.1% on the taxable value; however, tax cannot be less than €1.00 per square metre of property.

If you have any more questions we will be glad to walk you through the  proses . Just contact us