What Is Changing?
The proposed measure would increase the property transfer fee applicable to non-European buyers from the current 3.09% to 15%.
Who Will Be Affected?
The proposed increase would affect non-European buyers purchasing property in Greece, making the additional cost an important consideration for investors and individuals planning to acquire Greek real estate.
Where Does It Apply?
The proposed change concerns property purchases in Greece and the transfer fees associated with these transactions.
When Will It Take Effect?
The increase has been announced as a planned change, but the new rate has not yet taken effect. Buyers should therefore monitor the implementation timeline and seek professional advice before making decisions.
Why Is This Important?
A significant increase in transfer fees could substantially raise the overall cost of purchasing property in Greece. For buyers already considering an investment, completing the purchase before the proposed changes take effect could potentially help avoid the higher transfer costs.
How Could Buyers Respond?
Potential buyers should review their purchasing plans, assess the financial impact of the proposed increase, and seek professional guidance on the available options and timeline before proceeding.
CEO Comment — Mr. Haitham Alamari, CEO of Level Immigration
“This proposed change is expected to have a significant impact on the overall cost of purchasing property in Greece for non-European buyers. For clients who are already considering a purchase, it is important to understand the potential financial implications and review their options before the proposed increase comes into effect.”
— Mr. Haitham Alamari, CEO of Level Immigration
Expert Perspective
The proposed increase highlights the importance of staying informed about regulatory developments when investing in international real estate. Buyers considering Greece should carefully evaluate the timing of their purchase and the potential additional costs associated with the proposed changes.
Second Comment — Mr. Haitham Alamari
“When regulations and costs are subject to change, timing can become an important part of an investment decision. Our role at Level Immigration is to keep our clients informed about developments that could affect their plans and help them make informed decisions based on their individual circumstances.”
— Mr. Haitham Alamari, CEO of Level Immigration
Planning to Buy Property in Greece?
Contact Level Immigration & properties Today to Explore Your Options Before the Proposed Changes Take Effect
