Costs of buying property in Greece: a guide for UK buyers
Read our guide on the costs of buying property in Greece, including mortgages, fees and taxes.
Disclaimer: The information in this article is for reference purposes only. All information on this page should not be considered financial or tax advice. You are also solely responsible for calculating and paying your tax liabilities depending on the applicable law. All tax saving strategies or decisions should be made after thorough research and consultation with a qualified financial advisor.
Dreaming of buying land in Greece as a foreigner? Whether you plan to build a dream villa, farm or hold land as an investment, Greece can offer you the best of the Mediterranean.
In this guide, we'll show you how to buy land in Greece from the UK. We'll cover the fees, restrictions, process, and average land prices to make the process as smooth as possible.
If you’re also looking for ways to save money on currency exchange during the purchase, we’ll introduce a reliable and cost-effective way to send and receive large sums internationally from the money services provider Wise.
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Yes, foreigners can buy land in Greece regardless of whether they are EU or non-EU citizens. However, the process may be a bit more complicated for non-EU citizens. If you're buying land in Greece from the UK, you'll need to get a Greek Tax Identification Number (AFM). Also, if you plan to finance your purchase through a Greek bank or mortgage provider, there are restrictions on the amount you can borrow.
But the good news is that, unlike some other European countries (Portugal and France), investing in residential property in Greece can make you eligible for residency through the Golden Visa.
To qualify for a Golden Visa, you'll need tobuy a house or buy land to build one, spending at least €400,000 (or €800,000 for high-demand areas) of your own money, not a mortgage.¹ With the Golden Visa, you can reside in Greece and travel freely in Europe’s Schengen area.
If you're paying for the land from your personal savings, ensure it's readily available. On the other hand, if you intend to finance the land, you’ll need to create a Greek bank account. As a UK citizen, you’ll need to make a down payment of at least 35% to 50%, earn at least €2,000 - €2,500 a month, and have clean credit to qualify².
To buy land in Greece, you’ll need a Greek Tax Identification Number, which you can get from the local tax authority. You’ll also need other official documents, such as a valid ID, a passport, proof of funds, a completed application form, and approval from Greek ministries.
Greece offers a variety of landscapes from coastal to mountainous, numerous islands and fertile plains. You can also choose between urban, densely populated cities or the quiet scenery of the rural areas. You can find your ideal land using real estate sites or working with an agent.
The land registry (or Cadastre) allows you or your lawyer to check the legal history of your chosen land, ensuring it is free of debts, legal charges, liens or claims. Your lawyer will also confirm if the seller has the right to sell the property and request up-to-date documentation.
You can work with a civil engineer or land surveyor to confirm if the land is suitable for your intended use. They can also help confirm the land boundaries communicated by the seller and identify any natural disaster risks.
You do not have to accept the seller’s initial price. You can make an offer and negotiate until you're both comfortable with the amount.
After reaching an agreement with the seller, sign the preliminary contract or agreement and make a deposit (usually 10% of the purchase price).⁴ Doing this locks in your agreement and takes the land off the market until you complete your payment.
Work with a notary and sign the final deed of sale (Symvoliagogiki Praxi) in the presence of the notary. Next, register your new land at the land registry and pay all outstanding taxes and fees. Now the land is officially yours. You can start farming on it immediately. Or if you plan on building a home, check out our guide on building a home in Greece to get started.
Land in Greece is relatively affordable compared to other European countries. However, as with everywhere else, the price of land can vary widely depending on the region and type of land. Agricultural land is often cheaper than residential or buildable land. And generally, land in urban areas is more expensive than land in rural or less developed regions.
Also, note that in addition to the price of the land, there are other costs that you’ll need to cover, including:
- Property transfer tax (Fóros Metavivasis Akinítou - FMA): 3.09% of the land price³
- Notary fees: 1-2% ³
- Lawyer's fee: 1-2% ³
- Land registry fees: 0.5% to 1%⁴
- Stamp duty: 3%⁴
The price of land in Greece can vary widely depending on location and type. The average price for agricultural land is about €1,317.9 per acre or 1.43 per square meter and can range from €668 to €8,158 per acre⁵.
Meanwhile, residential land can range from €300 per square meter to €8,000 per square meter.⁶
Here are some areas where you can find affordable agricultural land in Greece:
| Location | Approx price per acre⁵ |
|---|---|
| Western Macedonia | €668 |
| Eastern Macedonia - Thrace | €872 |
| Macedonia (central) | €1,069 |
| Ionian Islands | €1,075 |
| Thessaly | €1,428 |
Here are some of the most affordable residential plots in Greece:
| Location | Price per square meter⁶ |
|---|---|
| Peloponnese | €100 - 1500 |
| Halkidiki (northern Greece) | €100 - 1500 |
| Thessaloniki | €200 - 1200 |
| Crete | €100 - 2000 |
| Ionian Islands | €150 -2500 |
Buying land in Greece as a foreigner requires proper planning and patience. Doing your homework and working with experienced professionals makes the process easier and helps you avoid costly mistakes.
Need a secure, convenient and low-cost way to pay for your land purchase in Greece? Take a look at the Wise account from the money services provider Wise. It's not a bank account but offers some similar features and your money is safeguarded.
With Wise, you can set up large amount transfers worldwide to 140+ countries for low, transparent fees* and the mid-market exchange rates with no markup.
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Sources used:
Sources last checked on: 2 February 2026
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Read our guide on the costs of buying property in Greece, including mortgages, fees and taxes.
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