Greece has become an attractive destination for foreign buyers looking to invest in real estate, thanks to its stunning landscapes, rich history, and favorable climate. However, purchasing property in Greece as a foreign national involves navigating a series of legal requirements and documentation. Below is a guide to the essential documents needed for foreigners wishing to buy property in Greece.

1. Passport or National ID Card

The most fundamental document required is a valid passport or national identity card. This serves as proof of identity and nationality for the buyer throughout the purchasing process.

2. Greek Tax Identification Number (AFM)

To buy property in Greece, foreigners must obtain a Greek tax identification number (AFM). This number is issued by the Greek tax authorities and is necessary for any property transaction, including real estate purchases, taxes, and registration. Non-residents can apply for an AFM through a tax office in Greece, often facilitated by a lawyer or real estate agent.

3. Notary Public Contract

A legal contract drawn up by a notary public is vital when purchasing real estate in Greece. The notary acts as a neutral party to ensure that the transaction complies with Greek law. The contract includes details of the property, the buyer and seller, the purchase price, and the payment terms.

4. Property Title Deed

The title deed is a critical document that proves ownership of the property. The buyer must ensure that the title is clear and that the seller has the right to sell the property. A lawyer should conduct a thorough due diligence check on the title to identify any encumbrances or liens.

5. Certificate of a Land Registry

A certificate from the local land registry ensures that the property is registered in the seller’s name and provides information about any legal issues associated with the property. This certificate is crucial in verifying the legitimacy of the transaction.

6. Building Permit and Property Zoning Information

If the property involves any construction or is newly built, obtaining a building permit and information regarding the property’s zoning is essential. This ensures that the property complies with local regulations and can be used for its intended purpose.

7. Proof of Payment

Evidence of payment, such as bank transfer receipts or contracts detailing agreed payment terms, may be required to confirm that the buyer has the means to complete the transaction.

8. Legal Representation

While not a document, engaging a lawyer who is experienced in Greek property law is highly recommended. A lawyer can ensure all documents are in order, assist with negotiations, and help protect the buyer’s interests throughout the transaction.

Conclusion

Purchasing property in Greece can be a rewarding investment for foreign nationals, but it requires careful navigation of the associated legal processes. By gathering the necessary documents and seeking professional assistance, buyers can ensure a smooth and successful property acquisition. Understanding these requirements not only simplifies the process but also mitigates potential legal issues that may arise during the transaction.