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Greece – Selling Property

The procedure for selling a property yourself in Greece involves the following steps:

  • Prepare the property: Make necessary repairs and improvements to increase the value of the property.
  • Price the property: Set an appropriate price based on the current market conditions and the value of similar properties in the area.
  • Advertise the property: Advertise the property on websites, social media, and local classifieds.
  • Show the property: Schedule viewings with interested buyers and provide them with a tour of the property.
  • Negotiate and close the sale: Negotiate the price and terms with the buyer and, if agreed, prepare the necessary documentation and complete the sale.

Capital Gains Tax in Greece

Capital Gains Tax in Greece is levied on the profit made from the sale of real estate. The tax rate depends on the duration of ownership and ranges from 15% to 45%. For properties owned for less than five years, the tax rate is 45%. For properties owned for more than five years, the tax rate is 15%.

Selling Your Property Yourself in Greece

Selling your property yourself in Greece can be a cost-effective option but requires a significant amount of time and effort. You will need to handle all aspects of the sale process, including advertising, showing the property, and negotiating with potential buyers.

Property Exchange in Greece

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Property exchange is not a common practice in Greece and is not widely used as a means of buying or selling real estate. Most property transactions in Greece are conducted through a real estate agent or a property developer.

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