1. Obtain a Greek tax number
AADE states that a person buying property in Greece must have or obtain a Greek tax registration number. This is one of the first administrative steps for a non-resident buyer.
2. Carry out legal and technical due diligence
A buyer should independently verify title, liens, cadastral information, planning status, building legality, boundaries, access and any project-specific permits. For land or unfinished construction, buildability and permit scope are especially important.
3. Understand transfer tax and transaction costs
AADE states that real-estate transfer tax is generally calculated at 3% of the taxable value, with the buyer responsible for payment. The purchase contract is executed through a Greek notary and the transaction must then be properly registered.
4. Plan for ongoing ownership
Property ownership can create annual tax and reporting obligations, including ENFIA and the E9 real-estate statement. Rental activity creates additional tax and registration obligations.
5. Separate the property decision from the financing decision
For investment purchases, use a model that includes acquisition price, legal/notary costs, taxes, furnishing, operating costs, management, realistic vacancy, sales costs and timing. A beautiful villa can still be a poor investment if the entry price or assumptions are wrong.