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Buying a property in Crete

There are a number of steps and statutory checks that have to be carried out before a property purchase can be successfully completed. Your lawyer must know these, and only advise you to go ahead when they are satisfied with the checks. A further safeguard exists in the form of the Notary Public, who will not proceed unless all is satisfactory.

Tax value

Most of the taxes and legal fees are based on the "objective value" of the property. This is the tax authorities' assessment of the value of the property.

However, it is a long-standing tradition in Greece, to reduce the declared value of properties to minimise fees and taxes. The objective value is usually significantly less than the purchase price, and is finalised by negotiations between the tax authorities and the purchaser, or their lawyer or Notary Public.

Friday September 22, 2017
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Office
Kampouri 4
Kissamos • Crete
Greece

Phone/fax
+30 28220 22585

Mobile
+30 697 445 8179 / 80

Postal address
CPH • PO Box 2
Kissamos • Crete 73400
Greece

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Licensed Greek real estate agents
Registered at the Chania Chamber of Commerce
Members of Chania Estate Agents Association
for assured property in Crete
We are members of SY.ME.NO.X

 

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