Ask A Question  | Learn more about Greece

What is the real estate transaction tax rate under the Greek Golden Visa program?

I heard about a transaction tax applying to purchasing a property in Greece, and different agents might provide different quotes regarding this tax and add all kinds of unnecessary charges. What is the standard rate for this transaction tax?


Answers
  • Right Target Estate
    October 11, 2018

    The purchase transaction tax is 3/100 in general. For properties with a permit of construction issued after 2006 and sold by a company, there is vat 24/100 and no transaction tax. Above applies to any real estate sale independently if it is connected to the obtaining of a Golden Visa or not. Other than that, when you apply for a Golden Visa you must also pay a government fee of 500 euros.

  • Energopiisi SA Investment Consulting Services
    October 10, 2018

    The main fee is a purchase (or transfer) tax, which is calculated on the biggest value between the "assessed tax value" and the contract value. This tax is 3.09% for construction with a building license issued before January 2006. New construction with a building license issued from January 2006 are subject to VAT at the rate of 24%. New construction with building licenses issued before January 2006 aren’t subject to VAT, regardless of when building work is completed. The imposed tax on them is 3.09% Additionally to the above referred transfer tax, there are other fees related to the purchase such as: land registry fees; notary’s fees; lawyer’s fees; community or municipal tax; real estate agent’s fees.

  • Papalois & Associates Legal
    October 10, 2018

    Τhe transaction tax is 3.09% of the purchase price and is paid by the buyer.