Investing in Greece
Greece, cradle of civilization and philosophy, shines with its timeless heritage and breathtaking landscapes.
Between the majestic temples of Athens and the sun-drenched islands, each place tells a millennia-old story. Its crystal-clear waters, vibrant cuisine, and authentic way of life make it an exceptional destination.
Land of gods and myths, Greece embodies the harmony between culture, nature, and passion, offering everyone a timeless retreat filled with elegance and serenity.
The steps
Acquisition process
1. Obtain a Greek tax identification number (AFM). 2. Open a local bank account. 3. Sign a preliminary contract with a deposit (10%). 4. Legal and technical due diligence by a lawyer and a notary. 5. Sign the final deed before a notary and register the property.
Taxes and Fees
• Transfer tax: 3.09%. • Notary fees: 1-2%. • Lawyer fees: 1-2%. • Annual property tax (ENFIA): 0.1% to 1% of the property value. • Rental income tax: 15% to 45%. • Capital gains tax: 15% (exempt after 5 years).
Advantages & Disadvantages
• Golden Visa available from €250,000 investment. • Growing market after the crisis. • High rental yields in tourist areas. • High rental taxation. • Administrative complexity.
Recommended Areas
• Athens (Plaka, Koukaki): seasonal and expat demand. • Santorini, Mykonos: luxury and high profitability. • Crete: strong rental demand, affordable prices.
Tax Strategies
• Purchase through a company to optimize rental taxation. • Favor properties in tourist zones to maximize yield. • Benefit from the Golden Visa for European residency.
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