Additional costs for the purchase of property, come in the shape of :

• Conveyance tax
  The tax value of the Greek property is the value that the property has (market value or "objective" tax value), at the time of the property's conveyance. In particular, the tax is calculated on the market value that is depicted on the conveyance Deed, and in case that this value is lower than the "objective" tax value, the tax is imposed on the (higher) "objective" tax value.
  The Greek conveyance tax is estimated with the percentage of 9% for property value up to 15,000 euros and for the amount of the sale price exceeding the amount of 15,000 euros with the percentage of 11%.



• Municipal rates Additionally, there is an additional tax imposition of 3% on the above tax in favor of the Greek Municipalities.



• Attorney fees of 1 - 2 % on the contract value, subject of agreement between the lawyer and his client (attorney is obligatory).



• Notary fees of 1,5 % on the contract value for the completion of the contract inclusive registry etc.



• Commission of 2 % of the real purchase price (not of the price that will be specified in the contract) for objects with a price not less than 100,000 €.
  For any object with lower price than 100,000 € the commission is fixed on 2,000 € per object.

There are no annual taxes to pay in Greece, if the total value of the properties owned by the same person, does not exceed the value of 68.000.000 drs.(200.000 Euro). The valuation of properties, is carried out by the government, which provides published values, announced for every type of property. As already mentioned above, these values are usually far below the real cost.