Shopping For Property In Greece As A Foreigner

foreigner property loans

We make no representations, warranties or ensures, whether express or implied, that the content material in the publication is accurate, complete or up to date. Sending massive sums of cash the world over can be a little nerve-wracking, but Wise is FCA regulated and makes use of subtle safety and anti-fraud measures to maintain your cash protected. You can even monitor your payments as they wing their method to Greece. This isn’t mandatory, but it could assist to flag up any critical issues early on.

In this guide, we’ve divided the shopping for process into eight easy steps. In the coming weeks we will publish detailed articles on each step.

foreigner property loans

If you do settle in Greece, you’ll be able to apply for citizenship when you’ve lived there for seven years. With any luck, the property market will decide up as the nation’s economy recovers from the pandemic. After impressive progress in 2019, home prices in Greece are once once more on the rise – albeit very slowly.

After selecting a property and doing all of your due diligence, make a proposal to the vendor. It may also be a good idea to take a builder or other skilled with you to examine for any structural or other issues. While shopping online can give you a good idea of the property itself, it may be difficult to get a real feel for the world with out being there. As such, it’s a good idea to make a journey to Greece to scout where you’d like to buy beforehand, if potential.

Double check on your rights to the property – if it’s designated Alpha by the Greek Government you may have little to no capacity to make updates or adjustments. Ensure that the vendor has the authorized right to promote the property, i.e. they’re the true property owner. Do a thorough stroll by way of together with your actual property agent with your inspection doc in hand. Never send cash or a deposit earlier than you have met the seller, seen the property or have a working set of keys. All in all, when you’re in search of assist as you make your buy and prepare to move, contracting an agent is a good idea. It’s additionally attainable to seek out an agent who will deal with building companies in your behalf, together with supervising the work.