Greece has become one of Europe’s most attractive destinations for foreign real estate buyers — offering stunning scenery, affordable prices, and an inviting investment climate.
Whether you’re seeking a vacation home, a rental property, or a permanent residence, this comprehensive guide explains how foreigners can buy property in Greece legally and securely.

1. Can Foreigners Buy Property in Greece?

Yes — both EU and non-EU citizens can legally buy property in Greece.
There are no major restrictions for most foreign nationals. However, if the property is located in border regions or near military zones (such as certain islands), additional permits may be required from the Ministry of Defense.

For most locations, the process is straightforward and foreign-friendly, especially after Greece’s recent digital reforms in property registration.

2. Step-by-Step Guide to Buying Property in Greece

Here’s a clear breakdown of the buying process for foreign investors:

1. Step 1: Obtain a Greek Tax Number (AFM)
   The first step for any foreign buyer is to acquire an AFM (Arithmos Forologikou Mitroou).
   This tax identification number is essential for all transactions, including property purchases, utilities, and banking.
2. Step 2: Open a Greek Bank Account
   You’ll need a local bank account to transfer funds, pay taxes, and complete your purchase.
   Bring identification, proof of address, and tax documents from your home country.
3. Step 3: Find the Right Property
   Work with a licensed real estate agent familiar with foreign transactions.
   Verify that the property has clear ownership, no outstanding debts, and the correct building permits.
4. Step 4: Hire a Local Lawyer
   A Greek lawyer will ensure due diligence, review ownership titles, and handle the legal aspects of the transaction.
   This step is essential for protecting your interests as a foreign buyer.
5. Step 5: Sign a Preliminary Agreement
   Once both parties agree on terms, a pre-contract is signed. A small deposit (around 10%) is usually required to secure the deal.
6. Step 6: Finalize the Purchase at a Notary
   The final contract is signed before a public notary. The notary ensures that the purchase complies with Greek property law and registers the transaction with the Land Registry.
7. Step 7: Pay Transfer Taxes and Fees
   Buyers must pay a property transfer tax of approximately 3% of the property’s value, plus notary and legal fees (usually 2–3% combined).
8. Step 8: Register the Property
   After signing, your lawyer submits the contract to the local Land Registry or Cadastre, officially transferring ownership to your name.

3. Costs to Consider When Buying Property in Greece

• Transfer Tax: ~3% of property value
• Notary Fees: 1–1.5%
• Legal Fees: 1–2%
• Real Estate Agent Fee: Usually 2–3% (shared between buyer and seller)
• Annual Property Tax (ENFIA): Based on property size and location

Overall, buyers should budget an additional 8–10% of the property’s price to cover taxes and fees.

4. Financing Options for Foreign Buyers

Most foreign investors buy property in cash, but some Greek banks now offer mortgage options for non-residents under certain conditions.
Interest rates are competitive, and owning real estate can also help foreign investors qualify for the Greece Golden Visa Program.

5. Residency and Investment Opportunities

Purchasing property worth at least €250,000 may qualify you for the Greece Golden Visa, which grants a five-year renewable EU residence permit.
This allows visa-free travel across the Schengen Zone and offers a path to long-term residency or citizenship.

6. Legal Tips for a Smooth Purchase

• Always verify property ownership and permits.
• Ensure all taxes and utilities are up to date before transfer.
• Work with licensed agents and bilingual legal professionals.
• Keep records of all payments and contracts.

Following these steps will help ensure a safe and transparent real estate transaction in Greece.