1) Take time while researching: The very first thing you need to do is decide the type of property you want to buy. For instance, you have ample options to choose from apartments, villas, village homes, or business properties. So, once you know what you want, establish your research in that area.
Keep an eye on the online and offline sources like newspapers (go through the real estate section in the newspaper of that country). You may also subscribe to the online websites for regular info.
Note: A real estate agent, too, can be of great help.
2) Visit the property for a thorough examination: What’s better than visiting the site physically and have an insight into what you are buying. Therefore, once you have enlisted the properties you are interested in buying, travel to Greece and look at them.
Besides, give a check to the surroundings and amenities that you’re looking for in a house. Not to mention, a local guide will smoothen your task while consuming less time.
3) Select the property to buy: After visiting all the shortlisted properties, it’s time to finally settle for one. If you seek some more assurance, give it a double check, a second visit.
Note: It would be great if you hire a lawyer to handle all the legal matters of the procedure.
5) Reserve the property: Reserve the property by depositing a small amount to the seller to affirm that you will buy the property. This deposit is usually 10 percent of the total price. You will get your preliminary contract.
Caution: Do not pay any amount without consulting with your lawyer, as you may be asked to sign a few documents as well.
6) Draft the Final Deed: Once the lawyer has examined all the regulations, taxes involved, and debts, you will get a copy of the contract from the seller. Also, you will have to go to the notary for the final draft. Post the final deed has been signed in front of the notary, the process will be registered in the public records.
The seller will be asked to provide a tax certificate to prove he has a clean record in the past.
7) Get your Tax Number: To get the Greek Tax Registry Number issued, you need to visit the nearest tax office to where you reside. Don’t worry, you do not need an appointment for this.
The Greek Tax Number is called the AFM, and you will get it after you have got your full registration card or Residence Permit of Greece. Besides, get the access codes to the “TAXIS” system to fulfill its reporting obligations.
Finally, after the above procedure has been completed, submit the certificates and contract paper to the Registry of Mortgages.
