Your 2025 Guide to Buying Property in Greece

Everything You Need to Know as a Foreign Buyer

The Greek property market continues to attract international attention in 2025, thanks to its stunning landscapes, affordable luxury, and lifestyle appeal. Whether you’re looking to relocate, invest, or find a dream summer home, Greece offers exceptional value and long-term potential.

In this guide, BUY GREECE breaks down the step-by-step process for purchasing property in Greece as a foreign buyer — from legal procedures and requirements to market tips and insights for 2025.

1. Why Buy Property in Greece?

Golden Visa Opportunities: Greece offers one of the most attractive residency-by-investment programs in Europe, with a minimum property investment of €250,000 in most regions.
Affordable Luxury: Greek islands and coastal areas provide high-end properties at a fraction of the cost compared to other Mediterranean destinations.
Growing Market: Tourism recovery, infrastructure development, and international interest are steadily driving property values up — especially in Athens, Crete, the Cyclades, and the Peloponnese.
Tax Incentives: Reduced property tax rates and favorable income tax laws for foreign retirees and digital nomads make Greece a smart financial move.

2. Can Foreigners Buy Property in Greece?

Yes — EU and non-EU citizens can purchase property in Greece. Non-EU buyers may need special permission to buy in border regions (e.g., some islands or military zones), but this process is straightforward with legal assistance.

3. Step-by-Step Guide to Buying Property in Greece

Step 1: Get a Greek Tax Number (AFM)

Before purchasing, you’ll need a Greek Tax Identification Number (AFM), obtained from the local tax office. This can be done in person or through a lawyer with power of attorney.

Step 2: Open a Greek Bank Account

To facilitate payments, you’ll need a Greek bank account. Due to anti-money laundering regulations, expect to provide proof of income, source of funds, and identification.

Step 3: Appoint a Local Lawyer

Your lawyer will conduct due diligence: verifying property titles, checking debts or claims, and securing necessary permits. This is essential in Greece where land registries are being digitized but are still incomplete in some areas.

Step 4: Reserve the Property

Sign a preliminary agreement and pay a reservation fee (typically 1–3%). This allows the property to be taken off the market while your legal checks proceed.

Step 5: Sign the Final Contract at a Notary

Once all legal checks are complete, you and the seller sign the final sales contract at a notary public’s office. The notary ensures all obligations are met and taxes paid.

Step 6: Register Ownership

After signing, the notary or your lawyer will register the property with the local land registry (or cadastral office). This finalizes your legal ownership.

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4. Costs & Taxes to Expect

Expense

Estimated Rate

Property Transfer Tax: 3% of property value

Notary Fees: 0.8% – 1.2%

Legal Fees: 1% – 2%

Agent Commission: 2% – 2.5% (shared or paid by buyer)

Land Registry Fees: 0.5% – 0.7%

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5. 2025 Market Trends to Watch

New Developments in Athens Riviera & Peloponnese: High-end projects are booming with modern architecture and sustainability features.
Digital Nomad Surge: Areas like Thessaloniki and Naxos are becoming hubs for remote workers, boosting demand.
Luxury Villa Demand on the Rise: Mykonos, Paros, and Crete continue to attract international buyers seeking sea-view villas.

6. Can I Get Residency (Golden Visa)?

Yes. As of 2025, you can obtain permanent residency by investing:

€250,000 in most areas of Greece
€800,000 in specific high-demand zones (Athens North, Santorini, Mykonos, etc.)

Residency is granted for 5 years and is renewable, including for family members. There’s no requirement to live in Greece full-time.

7. Partner with BUY GREECE

BUY GREECE is more than a real estate platform — we are your trusted advisors. Our international team based in Chicago and Athens specializes in:

Curated luxury listings
Full legal and financial support
Investment guidance
Access to off-market opportunities
Golden Visa assistance

Whether you’re looking for a villa in Mykonos, a pied-à-terre in Athens, or a peaceful retreat in Crete, we guide you every step of the way — from search to keys in hand.