Additional costs to the buyer are : Transfer tax 11% of the 'published value' assessed by the tax office (which is usually a good deal lower than the actual cost), lawyers fees 1-2%, other expenses approx 1% for notary fees and land registry.

Annual taxes are payable in Greece on properties owned over the value of 200,000 Euros. The valuation of properties is carried out by the government which provides published values, announced for every type of property.

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