Rights of Foreign Property Owners in Greece

As a foreign property owner in Greece, it's crucial to understand your rights and the protections available to you. This guide will outline the key aspects of property ownership for non-Greek citizens, ensuring you're well-informed about your legal standing.

Equal Property Rights

In Greece, foreign property owners generally enjoy the same rights as Greek citizens when it comes to property ownership. This principle of equal treatment is enshrined in Greek law and supported by EU regulations for EU citizens. Non-EU citizens also have substantial rights, though some additional procedures may apply.

Right to Purchase and Own Property

Foreign individuals and entities have the right to purchase and own property in Greece, including residential, commercial, and land. However, there are some restrictions in border areas and on certain islands for non-EU citizens, which require special permission from local authorities.

Protection Against Expropriation

The Greek Constitution protects all property owners, including foreigners, against arbitrary expropriation. If expropriation occurs for public interest reasons, fair compensation must be provided. This right to compensation is a fundamental protection for all property owners in Greece.

Right to Rent and Lease

Foreign property owners have the right to rent or lease their properties, subject to local regulations and tax obligations. This includes short-term rentals for tourism purposes, though specific licenses may be required.

Inheritance Rights

Foreign owners can bequeath their Greek properties to heirs, whether they are Greek citizens or not. Greek inheritance laws will apply, but international agreements may also come into play, especially for EU citizens.

Legal Recourse and Access to Courts

Foreign property owners have full access to the Greek legal system to protect their rights. This includes the ability to file lawsuits, seek injunctions, and appeal decisions related to their property rights.

Tax Obligations and Rights

While foreign owners are subject to Greek property taxes, they also have rights regarding fair assessment and the ability to contest tax decisions. It's important to stay informed about tax obligations and potential international tax treaties that may affect your situation.

Right to Sell and Transfer Ownership

Foreign owners have the right to sell their properties and transfer ownership, subject to standard legal procedures and tax regulations. There are no restrictions on repatriating the proceeds from property sales.

Protection of Personal Data

As a property owner, your personal data related to property ownership is protected under Greek and EU data protection laws, ensuring privacy and security of your information.

Conclusion

Understanding your rights as a foreign property owner in Greece is essential for protecting your investment and enjoying your property with peace of mind. While these rights provide substantial protection, it's always advisable to consult with local legal experts for specific situations and to stay updated on any changes in legislation that may affect your property rights.