Frequently Asked Questions for Buyers

1. DO I HAVE TO OPEN A BANK ACCOUNT IN GREECE TO BUY A HOUSE?

No, you don’t have to open a bank account in Greece to buy a house, It is possible to transfer the amount from your country’s bank account straight to the Seller’s.

2. CAN I PAY CASH TO BUY A HOUSE IN GREECE?

Not anymore, buying a property in Greece is illegal to pay with cash, the transaction must happen through bank account.

3. WHAT ARE MY EXPENSES?

 Your expenses as Buyer are:

• Notary (% commission)
• Lawyer (for research of the property to the land registry)
• Real Estate Broker(% commission)
• Tax Transfer (3%)

 In some cases a translator might be useful because documents and paperwork are written in Greek.