How Much Does It Cost to Buy Property in Greece?

The cost of buying property in Greece includes more than the advertised price of the home. Whether you are looking for an apartment by the sea, a holiday home on an island, or a house on the mainland, there are several additional expenses you should include in your budget.

Knowing these costs in advance can help you understand the real price of your purchase and avoid surprises during the process.

Property Transfer Tax

For most resale properties in Greece, the buyer pays a property transfer tax. The tax is calculated based on the taxable value of the property and is generally paid before the final purchase contract is signed.

The exact amount can depend on the transaction, so it is worth confirming the calculation with your accountant or lawyer before completing the purchase.

Notary Fees

A property purchase in Greece must be completed through a notary.

Notary fees depend on the value of the transaction and the complexity of the contract. The notary prepares and certifies the final purchase deed and checks that the required documentation is in place.

Lawyer Fees

Although a lawyer is not mandatory for every property transaction, having an independent lawyer is highly recommended, particularly for foreign buyers.

A lawyer can check ownership documents, possible claims or restrictions on the property, building permits and other legal issues before you commit to the purchase.

Real Estate Agent Fees

If you purchase through a real estate agency, there will usually be an agency commission.

Commission rates can vary between agencies and properties, so always ask what the fee is and whether VAT is included before agreeing to use an agent.

Cost of Buying Property in Greece: How Much Extra Should You Budget?

There is no single percentage that applies to every purchase. Taxes, professional fees and registration costs depend on the property value and the circumstances of the transaction.

As a practical rule, however, you should keep a separate budget above the advertised purchase price for taxes and transaction costs rather than planning to spend your entire property budget on the asking price.

Before making an offer, ask your lawyer, accountant, notary and agent for estimates of the costs applicable to the specific property.

Final Thoughts

Property prices in Greece can look attractive, but the asking price is only part of the total investment.

Understanding the additional costs before you start searching makes it much easier to set a realistic budget and compare properties properly.

The cost of buying property in Greece goes beyond the asking price, even when property prices initially look attractive.