How Greece's Property Transfer Costs Compare Across Europe
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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