FAQ
What are the total costs for purchasing or selling a property?
Purchase costs are approximately 10% on top of the purchase price including all taxes/fees/VAT of all the proffesionals involved, such as Lawyer, Notary, Land Registrar, Engineer, Estate Agent
Sales costs are approximately 5% o top of the sales price
What is the likely timeline for purchasing/selling a property?
It’s approximately 8 weeks, always depending on the other contracting party as well.
How can I open a Greek bank account, change utiltiies and arrange direct debits?
Our firm deals with all of these, on a power of attorney.
Are all legal services covered by any proffesioanl indemnity insurance?
Yes, our firm’s services to our clients are covered by ETHNIKI INSURANCE, the biggest one in Greece.
How long it takes before the Golden Visa is granted?
It usually takes 8 weeks after the purchase contrcat is signed.
Can i revoke a power of attorney already signed?
A power of attorney can be revoked anytime during the process.
At which point I need to pay legal fees?
all legal fees are paid on completion (property purchase/sale) of the process.
Do I have to deposit a minimum amount in my new Greek Bank account?
No, it is not necessary.