How to sell a property in Greece, via an Estate Agent, an agent who specializes in overseas property, or if selling a property.
To sell a house, apartment, villa or any type of property in Greece, you'll need to:
Prepare documents
Gather all necessary documents and certificates, including the property ownership title, tax clearance certificates, and proof of identity. You'll also need to ensure your property is compliant with current laws.
Hire a real estate agent, or if selling ensure you work with a legal professional to comeplete all the required paperwork.
Find an agent with experience in your area and discuss their services and commission rates. They can help you market your property and arrange viewings.
Get a valuation - Hire a professional to determine the market value of your property, or research to see what was sold around you, or establish a price that you think is fair. The price is only going to be what the buyer thinks is fair, irrespective of if you get professional help os not.
Prepare for the sale - Make any necessary repairs or improvements to increase the property's value. Arrange for professional photographs and virtual tours.
Sign the preliminary agreement - Once you've accepted an offer, both parties will sign a preliminary agreement prepared by a lawyer or notary. The buyer will pay a deposit, usually 10% of the purchase price.
Sign the final sale contract
Once all legal requirements are met, both parties will sign the final sale contract. The notary will prepare a property transfer declaration for the buyer to submit to the tax office.
The process for selling a property in Greece is the same for both Greek and foreign sellers. However, sellers are responsible for collecting most of the required documents and certificate.
You can work with a team of attorneys, accountants, and real estate agents during the sale or a mix of those professions depending on how you wish to sell your property.
Note this information is purely a guide, and if selling or renting in Greece, we advise you to seek professional help as relates to your specific needs.
Find out how to list a property in Greece for sale here.
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Greece has the twelfth longest coastline in the world at 13,676 km (8,498 mi) in length, featuring a vast number of islands (approximately 1,400, of which 227 are inhabited), including Crete, the Dodecanese, the Cyclades, and the Ionian Islands among others with Mykonos and Samos being a particular favourite for vacationers. Eighty percent of Greece consists of mountains, of which Mount Olympus is the highest at 2,917 m (9,570 ft).
Greece has land borders with Albania, the Republic of Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east of mainland Greece, the Ionian Sea to the west, and the Mediterranean Sea to the south.
Modern Greece traces its roots to the civilization of ancient Greece, generally considered the cradle of Western civilization. As such, it is the birthplace of democracy, Western philosophy, the Olympic Games, Western literature and historiography, political science, major scientific and mathematical principles.
If looking at Greece as an overseas or foreign investor or buyer into Greek real estate, those who typically invest or purchase at €250,000 to €800,000, which varies according to the area chosen, can obtain Greek residency through the Golden Visa Program, making Greece an attractive gateway to the EU.
Greece, which is deemed as affordable when compared to other luxury property markets, can offer high-end real estate at lower price points than hotspots like the French or Italian Rivieras, still with excellent growth and demand, and Greece offers many buyers the attraction of purchasing into the Greek lifestyle that has a great appeal, where buying through a real estate agent or buying direct from the owner.
Greece offers both stability and opportunity to buyers and investors, as tourism to Greece brings in over 30 million visitors across the mainland and the Greek Isles.
With the Golden Visa residency as an option those buying for personal use or as an investor in Greece real estate, whether the aim is short-term rental income, capital gain, or a mix of personal use and renting for income should be considered.
