Buying a Realtor Property For Sale in Greece

While you may be interested in purchasing a realtor property for sale in Greece, there are some important things to keep in mind. The first thing to consider is the language barrier. While you can buy a home without speaking Greek, it can be tricky if you’re not an expat. In this article, we will discuss the importance of hiring an experienced realtor to purchase a home in Greece. Read on to discover the advantages and disadvantages of hiring a real estate agent and get started on buying a home in Greece.

While most agents will charge a commission, this fee will vary. You’ll likely be charged 2% or more. The fee will be split between the seller and the realtor, so make sure it’s at least the market rate. Be sure to take advantage of the Wise website to get the best possible rate, because fees can sometimes be higher than the market rate. A double taxation treaty between the US and Greece protects US citizens from having to pay tax twice on their property. Nonetheless, it is important to note that you’ll still have to pay income tax if you rent out your property. realtor in Greece

When buying a property in Greece, you’ll need a Greek Tax Registry Number (AFM). This number is required to enter the TAXIS system of the country. Afterward, the buyer’s lawyer will complete the necessary checks and title searches and commission surveys. Lastly, you’ll need a lawyer or notary in Greece. These professionals will also conduct due diligence on your behalf and protect your interests.

While Greece has several islands, it offers an enormous variety of properties. Those close to Athens tend to be expensive boltholes for Athenians, while those further out are more affordable for British homebuyers. The island of Crete has an affinity with British people, and there are large expat communities in Rethymno and Chania. There is a great variety of real estate in Greece, but a historical property may require renovations and rigorous upkeep. Some renovations were put on hold during the economic crisis, and so the property may need to be modernized.

If you’re considering a real estate investment in Greece, you’ll be happy to learn that there are many benefits to buying real estate in the country. The culture is close to our own and is a very friendly one. The lifestyle and climate are wonderful for a vacation or permanent residence. Greece is also accessible year-round, and you’ll have no problem travelling back and forth. A flight to the country’s capital will take you just about anywhere in Europe.

Investing in Greek real estate involves a large number of tax requirements. You’ll need to file an E1 tax form, obtain a Greek Tax Identification Number, and register the property with the corresponding Greek government. You’ll also need to report the rents to the Greek government and consider any foreign tax credits that may be available. A property manager is an important aspect of a Greek property’s management. They oversee the collection of rents, evictions, and other obligations that come with it.