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Property Tax in Greece

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

  1. orlando

    orlando New Member

    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

    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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