What are the purchasing costs to buy a property in Greece? 

FMA (Property Transfer Tax) – FMA 3% and is calculated by the notary based on the property value referred to in the Contract, and will be paid at the tax office prior to signing the Property Transfer Contract. For newly constructed buildings if the construction permit was issued after 31.12.2005, the FMA is converted to 23% VAT.

1.Lawyer – The lawyer’s fee amounts to 0.5 – 2%, calculated on the property value.

2.Notary – Notary costs amount to an average rate of 0.65 – 1.2%.

3.Land Deed Registry – The expenses of Land Deed Registry amounts to 0.475% of the Contract value.

4.Realtor commission – 2% calculated on the property value.

The global expense turn around a 10% of the property value for a estate that the permit permission was delivered before 31.12.2005 and about a 30% for a estate that the permit permission was delivered after this date.