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This article serves as an update to a previous publication on the Greece Golden Visa program, which outlined the regulations in place up to April 2024.

When Swiss and other non‑EU nationals consider purchasing real estate in Greece, several legal and tax aspects should be taken into account.

Due diligence processes are extremely important in all types of acquisitions, real estate properties included.

The Greek Parliament has passed the law governing the establishment of the Greek Cadastre whereby the owners of immovable property must now register the relevant...

Summary Banks and Servicers, through connected Real Estate Owned (REO) companies with minimal capital and significant debt, are purchasing properties that are auctioned.

Last year, Greece made progress in this sector and these situations have been eliminated. According to the United Nations, a state, in order to reduce inequality, needs to eradicate extreme poverty and hunger and invest more in health, education, and social protection

Interest in participating in compulsory property auctions is steadily increasing, and the initial moral hesitation of potential bidders is gradually fading over the years.

Now we highlight the transfer taxes and professional fees, which should be considered when purchasing property in Greece. Transfer tax is payable by the buyer and is calculated on the value of the land.

In Greece, with its relatively well-developed tourism industry, there are hundreds of hotel units that are struggling to survive the various waves of economic crises, the pandemic, or the consequences of inflation.

According to Law 4738/2020, the rehabilitation process is a collective pre-insolvency procedure aimed at maintaining, utilizing, restructuring, and restoring the company...

The Rise of American Expats Moves from Portugal to Greece. The upcoming closure of the Portugal Golden Visa is set to significantly impact Greece when it comes to their very own Golden Visa program.

In the aftermath of Greece's financial crisis, the country's banking sector accumulated one of the highest ratios of non-performing loans (NPLs) in the European Union.

The transfer of a newly built property (before its first use/occupation), as well as of the plot on which the building is situated, is generally subject to VAT in Greece

The Greek Golden Visa program has become a magnet for international investors looking for profitable real estate ventures within Europe.

Real Estate Investment Companies (REICs) are legal entities with a specific investment purpose: acquiring and managing real estate, as well as related rights and participations.

Summary: When a property lease agreement is concluded, the lessor undertakes the obligation to grant the use of the leased property to another person, the lessee, in exchange for consideration, namely rent.

Greece has introduced significant restrictions on short-term property rentals, particularly affecting properties in central Athens municipal districts. Understanding the registration requirements, administrative penalties, and recent regulatory changes is crucial for anyone considering investment in Greek real estate for short-term rental purposes.