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Property Tax in Greece

Discussion in 'Buying Overseas Property' started by orlando, Aug 17, 2006.

  1. orlando

    orlando New Member

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    I've been looking into the market in Crete and have learnt that there will be a substantial new tax on purchases (18%, I think) introduced in January. I've been unable to clarify exactly who is liable, though I did read that this will not apply to first time buyers. However, not sure if that applies to foreigners. Does anyone know more ?

    Thanks.
    Orlando
     
  2. VERGIS92

    VERGIS92 New Member

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    that's VAT they Introduced , it applies on your second home and onwards,

    first timers not affected,

    purchase tax is 9 to 13% depends on your circmstances
    and property ownership type
     
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