Before you decide to buy a property in Greece, you should make sure you visit the places. You should also visit the local estate agents and read news on the property market to understand the market value of the property. Never make payment without analyzing the offer thoroughly. In addition, make sure you have a tax number for the property. You can obtain it from the Internal Revenue Service of Greece. Having this number will make the process of buying property in Greece faster and more efficient.
The time taken to finalize a purchase deal will depend on the amount of money you have to transfer and the type of property. Depending on the property, the process can take anywhere from one month to six months. However, delays can occur if some of the enclosed areas were illegally added to the property. Additionally, if you plan to buy a property in Greece, you must use a lawyer and notary to handle the legal aspects of the transaction. Your lawyer will conduct the title search, check for any defects, and commission a survey. You will also agree on a down payment with your lawyer.
Once you have a budget, start looking for real estate offers in Greece. There is a wide range of properties available in Greece. The main thing to keep in mind is what you need from a property. Make sure you can find the location you want within your budget, as not all property offers are equal. As a rule of thumb, choose properties with more amenities and less expensive ones for better value. Then, decide which one you like best. If you want an apartment or a house with some space for outdoor activities, choose one of those.
If you are new to Greece, consider hiring a local agent to help you find the property of your choice. The fees charged by these agents are reasonable. However, if you are buying a property for the first time, make sure to consult a lawyer and a real estate agent before completing the deal. If you find a property that suits your needs, consider going for a viewing trip. You will be glad you did.
When making a real estate offer in Greece, don’t forget to check the exchange rates. You can secure a good rate of exchange by talking to a currency expert. The value of EUR100,000 is always fluctuating, and if you make an offer in euros, it will be worth more than the equivalent in pounds. But don’t get stressed if the deal does not go through – many buyers look back with relief and regret after a stressful period!
Before you make an offer on a property in Greece, it is essential that you have a Greek tax number, or AFM, in order to complete the deal. The AFM, or acquisition declaration number, allows property owners to fulfill their tax obligations in Greece. This number is obtained at the tax office of your choice, usually from 7:30am to 2:30pm. It may seem daunting, but it is worth the effort. The Greek tax office is well-organized, and the tax service staff are ready to answer all of your questions.
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