Frequently Asked Questions

F.A.Q. for Purchaser

1.Should I pay the money (purchase price and builder’s payments) in England or in Greece?

Money should be paid through Greek accounts only.

2.Should I fill a tax return in Greece although I don’t earn any money in this country?

Yes, all property owners should fill tax returns, no matter if they have any earnings or not.

3.What purchase expenses are involved?

It is the purchase tax, the legal fees, the Notary’s fees and the Land Registry fees.

4.Should I make a Greek will?

Yes, a Greek will should be filled regarding the assets situated in Greece.

5.Should I be present when contracts are signed?

No, a power of attorney to a lawyer is enough.

6.How can I be sure about the builder?

You should only trust organized building companies and always pay in stages (withhold payments if there is no building progress)

F.A.Q. for Vendor

1.What sale expenses are involved?

It is the capital gains tax, and the legal fees.

2.Should I be present when contracts are signed?

No, a power of attorney to a lawyer is enough.

3.Can I ask my Greek bank to transfer the money back to England?

Yes, as soon as the true price is put down on the deeds.

4.What paperwork should I present to the Buyer’s lawyer?

The deeds, the plans and the building permit (if there is a house built on the plot).