Greece Mortgage
A Greece mortgage is an option when buying Greek property and the Greek mortgage market is mature. Greek mortgages are generally available to EU and North American nationals, subject to approval and valuation, and are obtainable from Greek banks and lenders who can provide you with Greece mortgage information.
Greece mortgages are linked to the Euribor interest rates (under 6%) and are available for up to 80% of the value of your property in Greece. Loan terms for Greece real estate are up to 25 years. Mortgage fees and expenses vary depending on the lender. Consult your Greece lawyer for up-to-date Greece mortgage information.
Greece Tax
Buying Greece property involves a unique purchase process and you should obtain independent advice from a Greece solicitor, particularly with regard to Greece tax information. As a general guide, you should allow at least 11% of the purchase price to cover taxes, more if you are buying Greece off-plan property.
Property buyers in Greece require a ‘pink slip’ for money transfers from abroad to avoid taxation on funds brought into Greece for property purchase. You may also be liable for local and state taxes on your Greece home. For further Greece tax and ownership information, download the Greece Land and Property Investment Guide.
