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For prospective property buyers looking at Europe, Greece sits comfortably around the continent's average in terms of property transfer costs. Buyers in Greece typically face a total expense ranging from 5.9% to 8% of the property's value-figures that include taxes and transaction fees. However, the final amount can vary depending on the nature of the purchase, especially when it comes to first-time homebuyers. One of the key benefits for buyers in Greece is the tax exemption for primary residences valued up to €275,000. For amounts above that threshold, a 3% transfer tax applies-significantly reduced from previous years when rates could reach up to 10%. This lighter tax regime is part of a broader effort by Greek authorities to stimulate the real estate market, increase transparency, and discourage the long-standing practice of underreporting property values in official contracts. This more favorable environment is in contrast with...

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