Property Purchase Costs in Greece
The buyer’s costs for the purchase of real estate object approximately amount to 10% of the real value of the property and depend on the amount of money specified in the contract. Usually, the agreement indicates a lower value so that the buyer could save some money on taxes. Nonetheless, the cost of the property cannot be lower than its cadastral value. The cadastral value is calculated by a notary individually for each real estate object. Usually, it is 1.5-2 times lower than the marke value.
Property sale tax
Starting from 1 January 2014, the property sale tax equals 3%.
Notary costs
The notary fees usually amount to approximately 2% of the sum specified
in the purchase and sale agreement.
Registration fee
It is 0.5% of the sum indicated in the purchase and sale agreement.
Lawyer costs
The lawyer costs usually equal 1,5% of the real estate object’s actual cost.
Real estate company services
2% of real value + VAT (24%)