Things can get a little complicated when investing in property in Greece but as long as you have a lawyer and estate agent you should have smooth sailing in buying property in Greece. The estate agent will help you get permission in purchasing the property you are interested in. Plus, the estate agent will guide you through the steps that are needed from the beginning of the process of buying property in Greece to the final step. The lawyer will make sure all of the documents are legal and safe.
You will need to let the estate agent know which area of Greece you are interested in purchasing in. Are you looking for a residential property, resort property, or agricultural? You will also need to let the estate agent know if you are interested in an apartment, condo or house. Finally, the estate agent will want to know how much money you would like to invest in the property in Greece.
The buyer's guide to investing in property in Greece will help prepare you on what to expect when thinking of purchasing property in Greece. If you are not from Greece or a European country you must get permission with the help of a estate agent to be able to purchase the land and home you want. Without permission you will not be able to purchase property in Greece.
If you are from Greece or any European country you can show your ID given to you from the government to get a tax role number. If you are not from the area you must get a tax role number by showing your passport.
Once this step is completed to investing in property in Greece, you will need to achieve a pink slip. The pink slip will show that you have the money to purchase the property in Greece you are interested in and it will help you to avoid paying taxes in Greece on the money you are having wired over. If you do not follow this important step of obtaining a pink slip you will be taxed on your money as earned income.
The next step in the buyer's guide to investing in property in Greece is to open up a bank account at a Grecian bank. If you do not open a bank account at a Grecian bank you will not be able to invest in property in Greece.
Your next step is to contact a public notary. A public notary will go over all of the transactions of the buying and selling of the property. He or she will even be at the final sale of the property in Greece.
You will have a contract drawn up once you make an offer on the property you want to invest in. You will have to put down a 10% deposit on the property. You will not get a refund on this deposit if you back out of the deal. In fact, besides losing your money you may face a lawsuit from the seller. Make sure you truly want this property in Greece before putting the money down and signing the preliminary contract. If the seller changes his or her mind, you will be given a refund of your money.
Once all of the financing is completed and the seller has completed his/her obligations, the final contract is signed by both sides. You have now completed the last step in the buyer's guide to investing in property in Greece. This is meant as a general guide and should not be seen as legal advice.
By:Nicolas Alexander
