News

For Seller

Tax clearance.

Responsible declaration or certificate of article 81 of Law 2238/94 on income.

Responsible statement or certificate of article 32 of Law 24459/97 for FPM.

If the title is of inheritance, parental benefit or donation made after 31/12/1984, a certificate of non-tax related tax is required.

If the property has been built after 1983, a building permit is required.

If the property has been built within the last decade, an IKA certificate of the area of ​​the property is required, indicating that the insurance contributions have been paid.

Certificate of non-payable immovable property tax (TAP) from the municipality to which the property belongs. Issuance requires a copy of the contract and the last PPC account paid.

If the property is in a land register, the relevant extract from the land registry service is required.

If the seller is a trader, freelance professional or participates in a SA. or Ltd., is required to provide insurance information from the competent IKA.

Finally, in case of transfer of a plot or house, a topographic chart is required.

Buyer

Supporting documents are required only if the buyer requests exemption from the transfer tax for the purchase of a first home. In this case, he must submit to the DOJ. of the property, together with the transfer tax returns and the following:

Simple copies of the last 5 years income statements.

Copy of form E9 approved by the tax office.

If she is married, she will be required to have a family certificate and sign a statement of responsibility pursuant to article 8 of Law 1599/86 with the content to be provided by the DOJ.

FMA (Property Transfer Tax)

The VAT is payable to the GOI before the contract is drawn up, so that when it is signed there is proof of payment of the tax. The tax is calculated on the value of the contract, as determined by the notary of the buyer. In the housing market, for the first € 15,000 the tax rate is 9%, while for the remaining amount it is 11%. This tax exempts the first home, up to € 65,000 for the single, € 100,000 for the married, € 20,000 for each of the first 2 children and € 30,000 for the third child. The resulting tax is subject to a municipal tax of 3%. The corresponding amounts for the purchase of land vary below.

REAL ESTATE AGENCY

These costs amount to 2% of the actual price and are subject to 24% VAT. Payment is made upon signature of the contract.

TAP (Real Estate Fee)

It is owed by the seller. The rate is set by the local council of the region, from about 0.25 ‰ to about 0.35..

LAND REGISTRY

The rights of the Registrar are set at 4.5% of the value of the property as stated in the contract, and are charged to the buyer. Each certificate issued costs around 5 €.

LAW OFFICE

Dealings over € 29,347 require the representation of seller and buyer lawyers. The minimum legal remuneration of each is 1% for the first € 44,020 and 0.5% for the amount up to € 1,467.351. The rate is gradually reduced for the remainder of the price.

The buyer is also subject to the fees of his lawyer for the title examination, which is about 1% of the price. Lawyers' fees may vary upwards as appropriate.

Notaries 

Notarial costs are borne by the buyer and amount to 1.20% of the contract value plus € 130. The resulting amount is 9% of the Legal Fund, 6% of the Notary Insurance Fund, and 85% of the Notary's remuneration. Copies will be charged an additional € 9.27.