 |
According to latest Greek legislation, all new-built property purchases are subject to VAT at 19% of the objective value. (objective value is the minimum value that Greek state asseses for all properties, and is usually less than 50% of market value). |
 |
|
Notary public fees are at 2% of the objective value. |
|
|
Land and property registry office fees are at 0.5% of the objective value. |
|
|
Lawyer fees are usually at 1% of the property price. |
|
|
According to the new law applied in 2008, all properties in Greece are subject to annual tax at 0.1% of the objective value, which, in the case of Analipsi Residences, is aproximately 50 € per year. This is the only on going property ownership tax payable. |
