We are looking at moving to Crete and buying a property but somewhat confused about the costs, particularly property tax. We have found sites which say around 10 percent of the price of the house, but the following says this has changed.
Reduced Property Tax in Greece – Changes have been made which have lowered Property Tax in Greece, as part of a series of new laws announced by the Greek government. They include substantially reducing the purchase tax paid by buyers of homes and land in Greece to the government. Previously, property buyers were subjected to a Government purchase tax of between 8% and 10% of the purchase price of a house or a piece of land.
From January 1 2014 ,these taxes have been reduced to only 3% of the purchase price and that has been changed to encourage investment into the Greek property market.
Can anyone tell us what the additional costs to buying a property are? We know about lawyers, notary, moving costs but is there anything that may have slipped past us? Any info appreciated.