What are the legal requirements for purchasing property?
When purchasing property, it's essential to understand the legal requirements, including obtaining a tax number, opening a Greek bank account and hiring a local lawyer to assist with the process.
How can I finance my property purchase?
Financing options are available through Greek banks, which offer mortgages to foreign buyers. It's advisable to consult with financial advisors to explore the best options for your situation.
What are the ongoing costs of owning property?
Ongoing costs include property taxes, maintenance fees and utility bills. It's important to budget for these expenses to ensure a smooth ownership experience.
Can I rent out my property to tourists?
Yes, renting out your property to tourists is a popular option. However, you must comply with local regulations and obtain the necessary permits to operate legally.
What is the process for transferring ownership?
The transfer of ownership involves signing a contract in the presence of a notary, registering the property with the Land Registry and paying the applicable transfer tax.