Buying Property in Greece as a Foreigner: Step-by-Step Process for 2026

Interest in Greek real estate from international buyers continues to grow, driven by lifestyle appeal, investment potential, and long-term stability. Yet for many, the first question remains the same: how to buy property in Greece as a foreigner.

The good news is that Greece offers a clear, well-established property buying process, provided buyers follow the correct legal and financial steps. Below is a practical, step-by-step overview of the Greece property buying process for 2026.

Step 1: Obtain a Greek Tax Number (AFM)

The first and most essential step is obtaining an AFM (Greek tax identification number). This is required for:

• Purchasing property
• Opening a bank account
• Paying taxes and utility connections

An AFM can be issued through the local tax office or via a power of attorney granted to a lawyer. Most foreign buyers complete this step early, as it unlocks the rest of the process.

Step 2: Open a Greek Bank Account

While not legally mandatory in every case, opening a Greek bank account is strongly recommended. It simplifies:

• Property payments
• Tax settlements
• Utility bills and community fees

Funds for the purchase typically flow through the Greek banking system to ensure transparency and compliance with anti-money-laundering regulations.

Step 3: Appoint a Lawyer

Hiring an independent real estate lawyer is one of the most important decisions a foreign buyer will make. The lawyer represents the buyer’s interests and conducts:

• Title deed checks
• Land registry and zoning verification
• Legal due diligence on debts or encumbrances

In Greece, lawyers play a central role in protecting buyers, especially those unfamiliar with local regulations.

Step 4: Technical & Legal Checks

For both new-build and resale properties, technical checks are essential. These may include:

• Verification of building permits
• Confirmation of legal construction status
• Energy performance certificates

For resale properties, this step is particularly important to ensure that past alterations comply with current regulations.

Step 5: Sign the Preliminary or Final Contract (Notary Stage)

Property transactions in Greece are completed before a notary, who drafts and authenticates the purchase contract. At this stage:

• Purchase terms are finalized
• Taxes are confirmed and paid
• Ownership is officially transferred

Once the notarial deed is signed and registered, the buyer becomes the legal owner.

Step 6: Understand the Timeline

The full process of buying real estate in Greece as a foreigner typically takes:

• 4–8 weeks for resale properties
• Longer for new-build or off-plan purchases, depending on construction stage

Having documents ready and appointing professionals early can significantly shorten timelines.

Taxes & Fees to Expect

Buyers should budget approximately 8–10% of the property value for additional costs, which may include:

• Property transfer tax (for resale homes)
• VAT (for eligible new-build properties)
• Notary fees
• Legal fees
• Land registry costs

The tax structure differs between new-build vs resale properties, making professional guidance essential when comparing options.

New-Build vs Resale: Key Differences

• New-build properties often offer modern standards, energy efficiency, and lower maintenance, but may be subject to VAT.
• Resale properties may have lower upfront taxes but require more extensive legal and technical checks.

The right choice depends on budget, usage goals, and investment strategy.

A Transparent Market with the Right Guidance

The process of buying property in Greece is straightforward when approached correctly. With proper legal support and clear planning, foreign buyers can navigate the system confidently and securely.

For international buyers seeking clarity and quality, AVAX Development develops modern, legally sound holiday home projects in Greece, designed to meet the expectations of foreign investors looking for transparency, lifestyle value, and long-term security.