A property transfer in Greece is possible only through a notarial contract. Such a contract is prepared by the notary public following a thorough title check by the buyer’s lawyer. Once the contract is drafted and agreed all parts involved all their representatives meet at the notary public’s office to sign the Deed.
Does buying property in Greece give you residency?
Greece offers a government program that allows foreign investors to obtain a residency permit by investment (Greece Golden Visa Program). Within the program, the investor chooses one of the investment options and receives a residency permit for the whole family.
Can you own property in Greece without being a citizen?
Any foreigner can become a homeowner in Greece. The country does not apply any restrictions on purchase. On the contrary, nationals of non-EU countries can even benefit from the Golden Visa as long as the minimum amount of their real estate investment is €250,000.
Yes, members of the Greek Residency by Investment Programme can obtain a residence permit with minimum investment. All you need to do is purchase property at the minimum of €250,000. This is the most lucrative offering in the EU.
How long do you have to live in Greece to become a citizen?
seven years
You must live in Greece for at least seven years before being eligible to apply for citizenship. In addition, you must also be able to prove you have ties to the country and knowledge of the Greek language and culture, at least on a basic level.
How does joint ownership of real estate work in Greece?
Such obligations are either specifically regulated by law or by the principle of good faith. Therefore, joint ownership in Greece involves obligations such as payment of debts arising from the joint property; expenses for its maintenance; its management; and its usage.
Can a foreigner dispose of property in Greece?
Consequently, a foreigner is able to dispose of his/her property in Greece after death without the restrictions (e.g. forced heirship) that apply to Greek citizens, provided that this is acceptable under his/her national law.
When do you have to give property in Greece?
Property may be given during the lifetime of the owner. The owner may freely give property to anyone prior to his/her death; however, if Greek inheritance rules apply (which, in the case of foreigners, is unlikely, and only if their national law provides) there may be restrictions in connection with reserved portions and forced heirship.
How is inheritance related to property in Greece?
Inheritance issues involving property located in Greece are governed by the law of the foreigner’s nationality. Under its second chapter (“Private international law”), the Greek Civil Code (GCC) provides (art. 28) that issues arising from inheritance are governed by the law of the deceased person’s nationality at the time of death.
