FAQ
-
What kind of services do I need to employ for buying property in Greece?
Pointmark, as an expert in Real Estate all over Greece, offers the following services as a package or tailored to your needs:
· Lawyers -with years of expertise in Real Estate/ Notary Services
· Engineer -strongly advised, to check the property and give signed confirmation for any kind of property you purchase.
· Accountant -so as to open accounts/ personal Tax numbers/ follow taxation
· Topographer -when buying land
· Expert in Real Estate opportunities and risks
-
Do I need to visit or be in Greece for buying property?
No, you do not have to visit or be in Greece. In this case, you will have to give authorization to an individual or legal entity or the power of attorney in order to complete the necessary actions and go through the purchase of property.
Case of Golden Visa: you have to visit Greece once
-
Accounting and Taxation -Owning a property in Greece
· It is advisable to open an account in a Greek Bank and make transactions easier for you -though it is not mandatory.
· You will obtain a personal Tax number
· There is an annual property Tax derived from the Fiscal Objective Value of your property set by the government. The Objective Value is most times NOT the price you paid for your property but less.
· Additional Tax if you decide to rent your property.
-
Do different rules apply for property in different regions in Greece?
From Objective Fiscal Values set by the State, to where and what you can build, to different boundaries such as archaeology, forestry etc., or different kinds of Golden Visas or frontiers to where you can buy property -i.e. some islands are regions with serious boundaries for purchasing property, Greece is a country with many different rules and regulations according to region or even specific area.
That is why you need an expert advisory team to guide you top the best options fast and efficiently while avoiding obstacles and struggling with Greek bureaucracy.
-
Can I work/ open business through buying property in Greece?
Yes, foreigners can both work and open a business in Greece, and purchasing property can be a pathway to obtaining a residence permit or even the Greek Golden Visa. While EU citizens face fewer restrictions, non-EU citizens can also establish businesses and invest in real estate, potentially leading to residency.
Investing in Greek real estate can be a pathway to a Golden Visa, which grants residency and allows for work and business activities in Greece, provided the investment is maintained and the permit is renewed.
There are also other business-oriented ways, through real estate investments, to be fully active in the Greek real Estate market. Please consult us: *the ready tailored opportunities link.
-
How long does it take to complete the acquisition of property in Greece?
Depending on the kind of property you are interested in, the acquisition typically takes between 4 to 6 weeks, but can sometimes extend to a few months, especially if there are issues with the seller's documentation or if legal matters related to the property need to be resolved. Factors influencing the timeline include the complexity of the deal, how quickly necessary documents are gathered, and the cooperation of all parties involved.
Completing the Golden Visa program typically takes 4-6 months to complete, including the property purchase and the Golden Visa application process. However, the exact duration can vary based on the complexity of the transaction and the efficiency of document submission.
-
Is the Golden Visa Program of Greece the cheapest for granting EU access?