Ultimate Guide to 'Buying Property in Greece' as a Foreigner

Greece is the land that has blessings of the Gods; the country has an incredible Mediterranean landscape and a blend of history and cultural values. There are numerous real estate website in Greece available, but they won’t tell you the complexities especially if you are a foreigner.

Medusa Management is a trusted real estate agency in Greece that offers an array of real estate services including Property Management, Relocations Services, Buying or Selling Properties, and Residential or commercial rentals.
Real estate Greece Market is wide you can move to any city, the most famous is Athens, Patrai, Thessaloniki, etc. In Greece, 80% of the population resides in their own homes. But still, there is lot more paradise waiting for the people.
If you want to buy a Hellenic property, below is everything you should know before purchasing land or home in Greece.

Real Estate Greece Market
After a major crash in 2009, the economy of Greece was on the ventilator. Slowly, it has been recovering. The pace of recovery of Real estate market is not good; property prices have been significantly dropped to half of its previous rate. So, the bottom line is that the properties price in Greece is at all-time low and there will not be good day than today in Greece.
Foreigners can also buy property in Greece, know how
Since the area falls in the European Union, the EU residents can easily buy property here. For non-EU residents, the foreigners need to show their intent for property use and their connections to the country. The property buyers need to submit an application to Ministry of National Defense.  

Property buying Steps for foreigners
Greece residents don’t have to go through so much process like foreigners. Following are some steps, foreigners should keep in mind.
Choose where to buy
While surfing the internet, you can get a good idea of the property. If you are interested in purchasing properties in Greece, then you should scout Greece by yourself.
Hire a real estate agent
Hiring a real estate agent in Greece will ease the process of property buying.
Pick your property and make an offer

When you choose a property finally then you should make an offer to the seller.
Get a lawyer
If someone is buying property worth €12000 in rural areas or €30,000 in urban areas of Greece, then it’s mandatory to retain a lawyer. 
Get a notary
It is an integral part of the property sale in Greece. Make sure you have all the documents with you in order.
Pay your taxes

The property buyer has to property tax transfer of 3% in Greece. Don’t forget to have an AFM, a Greek social security number. You can easily get one after filling M1 and M7 tax forms.
All things done now, enjoy your new property!
If you are looking for real estate services in Greece, do contact the credible real estate agencyMedusa Management.



Comments

Post a Comment

Popular posts from this blog

6 Things You Can Expect from Real Estate Company in Greece

Image
Property Managers take off the responsibilities of handling properties for the people in exchange for money. Nowadays real estate companies also provide property management services . Having individual property management has unlimited benefits, below some benefits you can expect when you hire a real estate company in Greece or independent property managers. Responsible Tenants As a property owner, one has to screen the tenant who is the most challenging task. A mistake will keep irritate you for a long time like if you bring irresponsible tenants. Those tenants never pay rent on time, damage property and create disturbances in the neighborhood. The best real estate Company will cross-check the applications and does extensive background research on the tenants, so don’t have to worry. Thus, you can stay away from the tenant-owner thing, and more importantly bad tenants and lawsuits paying a nominal service charge to the real estate company.  Shorter Vacancy Cycles It’s di
Read more

4 Ways to Generate More Sellers Leads for a Real Estate Agent in Greece

Image
If you are a real estate agent in Greece , then you should know that there are many benefits of working with real estate seller leads . You can control the time spent, you will be able to deal, with more clients at a time, and you have more opportunities to represent both sides.   Referrals in real estate business are really important as they represent a huge opportunity for new business. As getting the seller leads are difficult to come but following are some proven things to generate seller leads. 1.     Leverage Your Buyers The best way to generate the seller leads is to tell the customer you appreciate them. Provide them great follow-up after you hand over the keys to them. To keep your customers happy, you can give a creative gift to your buyers including a small stack of business cards. Ask them to share it with someone who needs property to sell in Greece Don’t forget to remind them that you would love any referrals provided by a good follow up. It is not always
Read more