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Expenses for real estate purchase in Greece

Property Purchase Contract: fees and additional expenses

If you sign a property purchase contract, you will have to pay the following extra expenses and fees:

If the actual property price amounts to €100.000 and tax is 3,09%, then expenses calculate as follows:

  • A Lawyer’s fee: 100.000х1,5% = 1.500 € (plus 24% VAT which is added up to this amount) = €1.860
  • A Notary’s fee 100.000х1,5% = 1.500 € (plus 24% VAT) = €1.860
  • Title transition tax: 100.000х3,09%=3.090 €
  • Mortgage registry fee: 100.000х0.5% = 500 €
  • Estate agent’s fee: 100.000х2%= 2.000 € (plus 24% VAT)= 2.480 €

Total amount: 9.790€ (This amount can’t be considered a service fee calculated based on property price).

If the actual property price amounts to €100.000 and tax is 24%, then expenses calculate as follows:

  • A Lawyer’s fee: 100.000х1,5% = 1.500 € (plus 24% VAT which is added up to this amount) = €1.860
  • A Notary’s fee 100.000х1,5% = 1.500 € (plus 24% VAT) = €1.860
  • Title transition tax: 100.000х24%=24.000 €
  • Mortgage registry fee: 100.000х0.5% = 500 €
  • Estate agent’s fee: 100.000х2%= 2.000 € (plus 24% VAT)= 2.480€

Total amount: 30.700€ (This amount can’t be considered a service fee calculated based on property price).

 

 

 

 

 

 

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