Documents for the registration of real estate in Greece

The process of buying and recording real estate in Greece is simple and quick. Today, more than 10 business days, you can become the full gentleman of the Greek real estate. Perhaps you have heard a different view on this issue, and it is not unreasonable, but it is no longer relevant: in June 2011 was a law on border areas, for obtaining it is located where permission from the Hellenic Ministry of National Defense properties , So customers have to wait for the deal for a few months and prepare a large number of documents. Now the situation is simpler, and for the third month, you can complete all the projects of your market. A number of documents have been reduced to a minimum.

List of documents for the registration of real estate:

1. A valid passport

2. Valid visa permitting entry to Greece

List of documents for opening a bank account in Greece:

1. A valid passport

2. Valid visa permitting entry to Greece

3. A document certifying permanent residence (domestic passport)

4. Work certificate (official document certifying the main professional activity of potential buyers, which does not matter match)

5. Copy of the tax return (for Russian residents appropriate format PIT)

Obligatory Legal Information

More and more popularity in recent years began to recruit immigration to Greece. The reasons for this are obvious: a healthy climate, friendly people, Orthodox traditions. In the last few gated Greek legislation, now quickly turned her face to immigrants, mostly financially secured. Over the past five years, laws have been passed to fundamentally change the situation with migration and allow Greece to become the fastest growing country in this parameter. As you can see the following examples:

The Ministry of Defense canceled the permit to purchase real estate by foreigners in most parts of Greece, which allowed to reduce the time for processing the transaction from 6-8 months to several days.

A new residence permit for buyers of real estate from 300 000 euros, the rod was reduced to 250 000 euros, the day is the smallest bar in the EU

An accelerated procedure for obtaining a residence permit for the financial support of individuals and much more …

Greek law and continues to change every day in the direction of improvement.

The most popular types of licenses were provided by financial institutions, usually the following:

Permission for financially independent persons

Residence permit for homeowners

Permit for Investors

Each type of residence permit has significant advantages and opportunities. Consider the following example

Permission for financially independent persons

Financially independent in Greece are people who have a legal monthly income of at least 2000 euros and 24,000 euros in a Greek bank at the time, applying for a residence permit. The license is issued for a period of 2 years, and the next – an extension for three years.

Residence permit for homeowners

This residence permit is issued to all owners of a total value of 250,000 euros, as well as tenants of the Greek real estate agreement with the same amount and for a period of not less than 10 years. The validity period is five years, without restriction on the time of the actual stay in Greece. In addition, this permission may be taken by the wife (s) and minor children of the applicant.

Permit for Investors

Residence permits are issued at the beginning of investment projects in Greece. The validity period is five years, and then must be renewed. Together with the participants of a specific program of a personal residence permit, their family members – spouses, underage children – are also received.

The cost of recording real estate in Greece.

The cost of registration of property transfer tax included

Property rights, lawyer and notary fees, property registration and real estate property brokerage services.

If the market value is 100,000 €, while the tax for the transfer of ownership of 3.09%, the cost will be as follows:

Lawyers’ fees 100,000 x 2% = 2,000 € (plus 24% VAT is charged this amount) = 2,480 €

Notary fees: 100,000 x 2% = 2,000 € (plus 24% VAT) = 2,480 €

Tax for the transfer of ownership: 100,000 x 3,09 = 3090 €

Registration in the Property Register: 100,000 x 2% = 2,000 €

Payments with partner: 100,000 x 2% = € 2000 (plus 24% VAT) = € 2460

The total value of € 9650 (this amount can not be considered as a percentage of the value of the property).

If the market value is 100,000 €, while the 24% tax, the cost will be:

Fees Advocate: 100.000 x 2% = 2.000 € (plus 24% VAT charged higher than this amount) = 2.480 €

Notary fees: 100,000 x 2% = 2,000 € (plus 24% VAT) = 2,480 €

Tax for the transfer of ownership: 100,000 x 24% = 24,000 €

Registration in the Property Register: 100,000 x 2% = 2,000 €

Payments with partner: If the market value is 100,000 €, while the tax for the transfer of ownership of 3.09%, the cost will be as follows:

Lawyers’ fees 100,000 x 2% = 2,000 € (plus 24% VAT is charged this amount) = 2,480 €

Notary fees: 100,000 x 2% = 2,000 € (plus 24% VAT) = 2,480 €

Tax for the transfer of ownership: 100,000 x 3,09 = 3090 €

Registration in the Property Register: 100,000 x 2% = 2,000 €

Payments with partner: 100,000 x 2% = € 2000 (plus 24% VAT) = 2460 €

The total value of € 9650 (this amount can not be considered as a percentage of the value of the property).

If the market value is 100,000 €, while the 24% tax, the cost will be:

Fees Advocate: 100.000 x 2% = 2.000 € (plus 24% VAT charged higher than this amount) = 2.480 €

Notary fees: 100,000 x 2% = 2,000 € (plus 24% VAT) = 2,480 €

Tax for the transfer of ownership: 100,000 x 24% = 24,000 €

Registration in the Property Register: 100,000 x 2% = 2,000 €

Payments with partner: 100,000 x 2% = 2000 € (plus 24% VAT) = 2460 €

The total value of € 29,650 (this amount can not be considered as a percentage of the property’s value).

If the cadastral value exceeds trade, all costs are calculated on the basis of the cadastral value of the property.

The total value of € 29,650 (this amount can not be considered as a percentage of the property’s value).

If the cadastral value exceeds trade, all costs are calculated on the basis of the cadastral value of the property.