What every foreign buyer should know before navigating the Greek real estate market
Buying a home in Greece can be a dream come true—whether you’re looking for a vacation house by the sea, a retirement haven, or an investment opportunity. But like every journey worth taking, this one often comes with its own set of challenges. Many foreign buyers describe their experience as a true “Odyssey”—not only for the beauty and rewards but also for the hurdles they encounter along the way.
If you’re considering buying property in Greece, here are the key challenges you should be aware of—so you can prepare wisely and avoid unpleasant surprises.
1. The Language Barrier
Although Greece is a popular destination among international buyers, the real estate sector still faces a significant language gap.
- Many property owners, agents, or professionals speak Greek only or limited English.
- Miscommunication can easily arise during viewings, legal negotiations, or document explanations.
- Even if a professional speaks English, technical terms and legal vocabulary can be hard to understand without a trusted translator or bilingual expert by your side.
Tip: Work with professionals who are fluent in both languages or hire a translator for important steps.
2. A Complex Legal and Bureaucratic System
Greece is a beautiful country—but its administrative system is far from simple.
- Buyers often face delays and confusion due to overlapping regulations, outdated processes, and bureaucratic inefficiencies.
- What should be a straightforward transaction can take weeks—or even months—because of slow responses from public services, notaries, or municipal offices.
- The infamous “poly-nomy” (multiple laws for the same subject) makes procedures more complicated than in many other countries.
Tip: Patience is key. A knowledgeable local lawyer or agent can guide you through the maze more efficiently.
3. Urban Planning and Legal Irregularities in Properties
One of the most common pitfalls in the Greek property market is legal or urban planning issues.
- Some properties were built with minor or major construction violations. Others lack updated documentation (e.g., floor plans, building permits).
- It is not unusual to find properties that are legally non-compliant, even if they look perfect on the outside.
- Issues may include unregistered buildings, unauthorized extensions, or outdated ownership titles.
Tip: Always conduct a thorough legal and technical check before signing anything. A civil engineer and a lawyer should review the property thoroughly.
4. Difficulty Choosing Reliable Professionals
A successful purchase depends heavily on the people guiding you—but selecting the right team isn’t always easy.
- How do you choose a trustworthy real estate agent, lawyer, notary, engineer, or accountant in a country you don’t know well?
- Not all professionals are equally qualified or transparent.
- Some might work with outdated practices, others may not prioritize foreign clients’ needs.
Tip: Ask for referrals, credentials, and experience in working with international buyers. A good agent should be able to recommend a full network of vetted professionals.
5. The Risk of Fraud and Opportunists
Unfortunately, the Greek real estate market is not immune to scams and opportunistic individuals.
- Some people may try to overcharge, misrepresent property details, or pressure you into bad deals.
- Others might present themselves as “intermediaries” without having any legal capacity or license.
- You may also come across unofficial agents or owners selling properties without clear titles or rights.
Tip: Always verify who you are dealing with. Never pay any money without legal verification and always involve a licensed attorney before signing documents or transferring funds.
Conclusion: A Journey Worth Taking—But With the Right Map
Buying property in Greece is absolutely worth it—but only if you’re equipped with the right information and surrounded by the right people.
What may look like a smooth process in other countries can quickly become an adventure in Greece. But with preparation, the right guidance, and clear expectations, you can avoid pitfalls and turn your real estate journey into a successful experience—not a frustrating odyssey.
📞 If you are considering buying property in Greece and want a reliable team of professionals, feel free to get in touch. We can help you navigate the process safely, clearly, and efficiently—from start to finish.