Getting a Mortgage in Greece

How to Finance Your Dream Property in Greece

Buying a house in Greece? Whether you’re looking for a holiday home, retirement property, or investment, understanding your mortgage options is essential. Most Greek banks offer mortgages to non-residents—typically up to 65% of the property’s commercial value. Let Real Estate Greece guide you through the process.

Can Foreigners Get a Mortgage in Greece?

Yes! As a foreigner, you can apply for a mortgage at several Greek banks. You’ll need a Greek tax number (AFM) and a Greek bank account. Eurobank, for instance, has a dedicated International Clients division, and mortgage rates typically range from 3.0% to 6.5%.

How Much Can You Borrow?

• Single applicant: Up to 3x annual salary
• Couple: Up to 2.5x combined salary
• Minimum loan: €10,000
• Maximum mortgage: 65% of property value (70% for Greek/Cypriot non-residents)
• Loan term: Up to 15 years (30 years for Greek/Cypriot non-residents)

Example: Monthly Mortgage Costs

• €65,000 loan on €100,000 home: approx. €500/month
• €195,000 loan on €300,000 home: approx. €1,500/month

Types of Mortgages

• Fixed-rate: Predictable monthly payments
• Variable-rate: Lower initial rate with market fluctuations
• Mixed-rate: Combination of fixed and variable

Required Documents

• Passport or ID
• Greek tax number (AFM)
• Tax returns/financial statements (2–3 years)
• Proof of income or employment
• Address documentation
• Registered phone number

Your lawyer or advisor can manage the process remotely.

Mortgage Costs & Transfer Fees

• Bank fees: €750 (including due diligence)
• Additional fees: ~0.875% of loan amount + €300 legal fee
• Transfer tax: 3.09% of declared contract value

Early Repayment & Flexibility

Early repayment is often possible without penalties during variable-rate periods. Check with your bank for specific terms.

Need Help With Financing?

Our team at Real Estate Greece is ready to assist. Contact us for a free consultation and let us help you finance your dream home in Greece.