The Stages for Registering Properties in Greece

In recent years, Greece has become one of the most desirable destinations for investing in real estate. The beautiful nature and temperate climate draw the attention of investors. After the financial crisis of 2010 real estate prices plummeted and many foreign investors decided to buy property in Greece. 

The high number of properties with price growth potential was one of the main reasons for buying property in Greece. In this article, we'll tell you how to buy a property in Greece and what are the stages for registering property.

How to Buy Property in Greece

Investors have a variety of options for buying property in Greece. The following are two main possible ways to buy a property in Greece:

Buy a Property with a Contract

In this method, both the seller and the buyer must be present in the notary public's office. They should sign a document so that the contract can be registered in the local registry office and in the land registry office.

Auction Purchase of Property

In 2017, the Greek government launched e-auctions. It allows Greek and foreign natural and legal persons to apply for and subscribe to the system. This registration method is free for everyone.

Steps to Buying a Property in Greece

Purchasing a property includes several important steps described below.

Select Property 

After choosing the type of property, the buyer will appoint a lawyer to conduct all legal investigations.

Research on Property Conditions

At this stage, the investigation is being carried out by the Land Registry Office. The goal is to check whether the property in question actually belongs to the seller or not.

Identify Potential Property Debts

The attorney examines all the property records and determines in order to find out if the property has a loan, mortgage, debt, or insurance.

Check the Location of the Property

The lawyer examines the location of the property. It's important to know if it is located in a restricted area or not and whether it has any restrictions.

Get a Tax Number

According to Greek government regulations, any party (whether real or legal) who trades and sells real estate must get a tax number.

Property Registration Stages in Greece

In the following part of the article, we'll describe the details of the property registration process in Greece.

Technical Inspection of Real Estate

This step isn't mandatory but it is recommended in order to ensure the structural accuracy of the property. It helps to prevent problems such as improper sales or poor quality investment.

Payment of Stamp Duties

Buyers are obliged to pay property transfer tax and repair duties, which are currently 3% of the value of transactions.

Complete the Purchase Contract

Before going to the notary, the contract must be completed. Which is the first step of ownership, receiving the document, and completing the contract.

Register the Purchase Document

The purchase document is registered at the local land office. At this step, absolute ownership is proved.

Online Registration

The property must be registered online with the IRS.

The Final Stage of Property Ownership Registration

Property ownership registration in Greece is subject to an annual tax which is calculated based on the value of the property.


Buying a property in Greece can be an excellent idea. Yet, it is crucial to know the legal details of purchasing and registering property. In this article, we give you an overview of what to expect when investing in Greek real estate.

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