What costs are involved when buying a property in Greece?

If you are considering buying a home in Greece, it is important to have a clear understanding of all associated costs. In addition to the purchase price, there are several additional costs and taxes to take into account.

A clear overview helps you plan your budget, avoid surprises, and make decisions with confidence.

Below are the main costs involved when buying real estate in Greece.

1. Transfer tax

One of the main costs when purchasing a property is the transfer tax.

• Standard rate: approximately 3% of the purchase price
• Paid before signing the purchase contract

This is one of the largest one-time costs.

2. Notary fees

The notary plays a central role in the transfer of ownership.

• Usually between 0.1% and 0.8% of the purchase price
• Excluding VAT and additional costs

The notary prepares the official purchase contract and handles the legal completion.

3. Legal fees (lawyer)

A lawyer is essential for a secure purchase.

• On average 1% to 2% of the purchase price

The lawyer:

• Verifies ownership rights
• Performs legal checks
• Identifies potential risks

4. Land registry costs

After the purchase, the property must be registered in the Greek land registry.

• Approximately 0.4% to 0.5% of the purchase price

This ensures that ownership is officially recorded.

5. Real estate agent fees

When working with a buyer’s agent or advisor, a fee is usually charged.

• On average around 3% of the purchase price
• Excluding VAT

At Living Greece, this is part of the full-service guidance throughout the purchasing process.

6. Bank and mortgage costs (if applicable)

If you take out a mortgage with a Greek bank, you may incur:

• Mortgage application fees
• Property valuation costs
• Administrative fees

These costs vary depending on the bank and your situation.

7. Technical inspection and additional checks

In some cases, additional checks are required:

• Structural inspection
• Energy certificate (if not already available)

These costs are relatively limited but important for understanding the condition of the property.

8. Annual costs after purchase

In addition to purchase costs, there are recurring expenses.

• ENFIA (property tax): annual tax depending on value and location
• Municipal taxes: often included in utility bills
• Maintenance costs: cleaning, repairs, and general upkeep

Overall, these costs are generally lower than in many other European countries.

9. Optional costs

Depending on your situation, additional costs may include:

• Property management
• Furnishing or renovation
• Rental license (for short-term rentals)

What are the total costs?

On average, you should expect:

• Approximately 8% to 10% on top of the purchase price

This includes taxes, legal fees, notary costs, and registration.

The exact percentage depends on the property and your specific situation.

Why understanding costs is important

By clearly understanding all costs in advance:

• You can budget realistically
• You avoid unexpected expenses
• You make better decisions

Considering buying a home in Greece?

At Living Greece, we guide Dutch and international buyers through the entire purchasing process — including a clear overview of all costs.

From initial orientation to final purchase, we ensure transparency, structure, and reliable local guidance.

Whether you are looking for a second home or exploring your options, we help you make the right decisions.