Buying Process and Legal Requirements
Most frequent questions and answers
Yes. Citizens of the EU and most non-EU countries can freely buy property in Greece, including Kefalonia. For non-EU buyers, there may be a short approval procedure (especially for coastal or border areas), but Peterson’s Real Estate and our legal partners handle this on your behalf.
The general process includes:
– Selecting the property and agreeing on a price.
– Hiring a local lawyer to perform due diligence.
– Obtaining a Greek tax number (AFM).
– Signing the preliminary and then the final sale contract before a notary.
– Registering the title at the Land Registry.
Peterson’s team guides you through every stage and coordinates with trusted lawyers, notaries, and tax experts.
While not mandatory, it is highly recommended for handling payments, taxes, and utilities. Our team can assist you in opening a local account if needed.
Buyers typically pay around 10–12% of the purchase price in total costs, which include:
– Property transfer tax (3%)
– Notary and legal fees (1.5–2%)
– Agent’s fee (usually shared between buyer and seller)
– Land Registry fees and other minor expenses
We always provide a clear breakdown of all costs before any commitment.
Yes, both are possible. Many international investors purchase through a Greek or foreign company for tax or inheritance reasons. Your lawyer can advise on the best structure for your situation.