About the Property Transaction Costs in Greece (Seller and Buyers) article. The material contained in this article is provided for general information purposes only and does not constitute professional advice.

Think Crete Real Estate does not purport to be a subject matter expert with regard to this material, and you should conduct your own research and/or seek the advice of appropriately qualified professionals with regard to your specific circumstances before you proceed to a property purchase in Crete, Greece.

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Property Transaction Costs in Greece
		Who Pays?
Transfer Fees	3.0% – 24.0%	Buyer
Registration Fees	0.5% – 0.6%	Buyer
Notary Fees	1.0% – 1.2% (+ 24% VAT)	Buyer
Legal Fees	1.5% – 2.0%	Buyer
Real Estate Agent Fee	2.0% – 3.5% 2.0% – 3.5%	Buyer Seller
Total costs paid by the buyer:	6.5% – 32.00%
Total costs paid by the seller:	1.2% – 2.5%
ROUNDTRIP TRANSACTION COSTS	7.5% – 32.5%
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As the owner of property in Crete, Greece you may choose to sell your property. In such case, you are to fully comply with the following main tax obligations from the governmental authorities:

1. If you wish to sell your property, all tax obligations arising from its ownership and use as need to have been met (e.g. Property Statement Filing or outstanding debts)

2. An ENFIA Certificate has to be issued if you wish to sell your property.

3. Anyone with real property rights in Greece should submit the E9 form.
Detailed Tables:
buildings / plots
agricultural parcels

Learn more about the procedure here or request an assistance from the tax experts (Tax Block) here.

Property Ownership

The Real Estate Ownership Tax (ENFIA) is an annual tax, payable by both individuals as well as legal entities and businesses according to some complicated mathematic formulas. The total tax relies on a wide range of criteria based on the property’s characteristics, such as its size, cadastral value, building date, geographic position, number of frontages, use, flooring etc.

Law 4621/2019, which was approved by the Greek parliament on 31/07/2019 reduces the Annual Real Estate Ownership Tax (ENFIA) paid by individuals. However, it remains the EU’s highest property tax.