The fundamental right to own property is recognised in Article 17 of the Greek Constitution but it cannot be exercised against the public interest. Real property rights are the following (numerus clausus): Ownership, which provides direct, absolute and universal authority over immovable property.
What do you need to rent in Greece?
Documents Needed for a Greek Rental Contract
- A valid ID (issued by the government, a passport is acceptable)
- Proof of income.
- A guarantor to countersign the contract (optional)
- Your Greek tax number (AFM)
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Can you break a lease in Greece?
By law, the tenant cannot leave before the lease expires. If this does happen, the landlord has the right to sue the tenant, which is rare. It is common practice for the tenant to give the landlord at least one month's notice. In the worst-case scenario, the landlord keeps the security deposit.
How much is it to rent an apartment in Greece?
What is the average rent in Greece? The average rent for an apartment in Greece is $1,180. The cost of rent varies depending on several factors, including location, size, and quality.
What is the new law for residence permit in Greece?
A new law that goes into effect January 1, 2024, codifies certain existing aspects of the Greek immigration process, implements the EU Blue Card and the Investor Residence Permit, and creates more streamlined application processes.
Do Greeks pay property taxes?
There is a uniform real estate property tax called ENFIA. It is charged annually to both natural and legal entities who own properties in Greece.
What are the rental laws in Greece?
Is there squatters rights in Greece?
Real Estate Law / SquattersAccording to Greek Civil Law, a person may claim extraordinary adverse possession rights on real estate property by claiming that he is in possession of the property, exercising uninterrupted ownership rights on it, for a period of more than 20 years.
Can I rent out my house in Greece?
If you bought a property in Greece, but you do not intend living there all year round, renting out your property can bring you good income. Purchasing property in Greece has become a modern trend in Europe. The money you invest into a house purchase will be returned to you quite soon, in the form of a rent.
What is the rent tax in Greece?
In the case of buying a property in Greece, a person pays tax at 3.09% of the property value. In case of a capital increase after selling the property, a capital gain is taxed at 15%. And when renting properties out, landlords pay 15—45% tax on rental income.
How much is rent for a month in Greece?
For example, in cities like Athens or Thessaloniki, you pay a monthly rent of €400-700€ for a one-bedroom apartment in the city center. In comparison, a three-bedroom apartment can cost about €600-1,200 monthly. Outside the city center, expect to pay €200-400 for a one-bedroom apartment.
What is the eviction law in Greece?
The tenant cannot transfer his tenancy right to anyone else, except in case of his death, when his immediate family can either continue the tenancy, or denounce it. Breach of contract and non-payment of rent constitute grounds for eviction. An eviction procedure before the court usually lasts for 2-3 months.
How much is tax on rent in Greece?
In the case of buying a property in Greece, a person pays tax at 3.09% of the property value. In case of a capital increase after selling the property, a capital gain is taxed at 15%. And when renting properties out, landlords pay 15—45% tax on rental income.