• Tax clearance.
• Income solemn declaration or certificate of article 81 Law 2238/94.
• Solemn declaration or certificate of article 32 Law 24459/97 for Large Property Tax (ΦΜΑΠ).
• If the title of acquisition was obtained through an inheritance, parental gift or donation made after 31/12/1984, a certificate of non-tax related debt 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, a certificate issued by the Social Insurance Institute (IKA) of the area of the property is required, indicating that the insurance contributions have been paid.
• Certificate of non-debt real estate tax (TAΠ) issued by the municipality to which the property belongs. Issuance requires a copy of the contract and the last paid electricity bill (PPC-ΔΕΗ).
• If the property is located in a registered area the relevant extract from the land registry service is required.
• If the seller is a professional, freelance professional or participates in a SA. or Ltd. etc, he is required to provide social security clearance from the competent SII (IKA).
• Finally, in case of transfer of a plot or detached house, a topographic chart is required.
Supporting documents are required only if the buyer requests exemption from the transfer tax for the purchase of a first place of residence. In this case, he must submit to the tax office (ΔΟΥ) of the property, apart from the transfer tax returns, the following:
• Simple copies of the last 5 year income statements.
• A copy of the E9 form approved by the tax office.
• If he / she is married, he / she will need a Certificate of Marital Status and sign a solemn declaration of article 8 Law 1599/86 whose content will be provided by the tax office (ΔΟΥ).
VAT (ΦΜΑ) (Real Estate Transfer Tax)
The VAT is payable to the tax office (ΔΟΥ) 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 purchase of a house, for the first 15,000 € the tax percentage is 9%, while for the remaining amount it is 11%. This tax exempts the place of first residence, up to € 65,000 for an unmarried person, € 100,000 for a married person, € 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 a plot differentiate downwards.
REAL ESTATE AGENCY
These costs amount to 2% of the actual price and are subject to 24% VAT (ΦΠΑ Value added tax). Payment is made upon signature of the contract.
TAΠ (Real Estate Tax)
It is owed by the seller. The coefficient is set by the municipality council of the region, from about 0.25 ‰ to about 0.35%.
The rights of the Land Registry 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 €.
Purchases and sales over € 29,347 require the representation of the seller’s and the buyer’s lawyers. The minimum legal fee of each is 1% for the first € 44,020 and 0.5% for the amount up to € 1,467.351. The percentage is gradually reduced for the remainder of the price. The buyer is also charged with the fee of his lawyer for the title inspection, which is about 1% of the price. Lawyers' fees may differentiate upwards depending on the case.
Notarial costs are charged to the buyer and amount to 1.20% of the contract value plus € 130. From the resulting amount 9% corresponds to the Legal Fund, 6% to the Notary Insurance Fund, and 85% to the notary's fee. Copies will be charged an additional € 9.27.