Question 1

What is the statutory Property Transfer Tax (ΦΜΑ) rate in Greece?

Accepted Answer

The statutory Property Transfer Tax (Φόρος Μεταβίβασης Ακινήτων - ΦΜΑ) is 3.00% on the purchase value, plus a mandatory municipal surcharge of 3% on the tax itself, resulting in an effective tax rate of 3.09%.

Question 2

How does the first-time primary home exemption (Απαλλαγή Α' Κατοικίας) work?

Accepted Answer

Qualifying first-time homebuyers who are Greek or EU tax residents receive a complete exemption from the 3.09% FMA on purchase value up to €200,000 for unmarried buyers, or €250,000 for married buyers (plus €25,000 for each of the first two children, and €30,000 for the third child).

Question 3

What are notary fees when buying real estate in Greece?

Accepted Answer

Notary fees are regulated by statutory scales, typically ranging from 0.80% to 1.20% of the property value, plus fixed deed page charges and 24% VAT on their legal fee.

Question 4

What is the Land Registry (Κτηματολόγιο) fee in Greece?

Accepted Answer

Registration fees at the Land Registry (Κτηματολόγιο) or Mortgage Registry (Υποθηκοφυλακείο) are statutorily set at approximately 0.50% to 0.575% of the transaction value plus 24% VAT.

Question 5

Is VAT applicable to newly built residential real estate in Greece?

Accepted Answer

The 24% statutory VAT on new construction properties has been suspended through December 31, 2025. Therefore, newly built properties currently benefit from the standard 3.09% transfer tax instead of 24% VAT.

Expense Category	Statutory Formula / Rate	Primary Home Exemption	Statutory Basis
Transfer Tax (ΦΜΑ)	3% base + 3% municipal surcharge = 3.09%	Exempt up to €200k - €300k	Law 1587/1950 • Law 4223/2013
Notary Legal Deed	~0.80% - 1.20% scaled + 24% VAT	Standard Notarial Scale	Greek Notarial Code
Land Registry / Cadastre	0.50% - 0.575% + 24% VAT	Standard registration fee	Hellenic Cadastre (Κτηματολόγιο)
Legal Title Verification	~1.00% + 24% VAT	Negotiable private treaty	Athens/National Bar Association

Greece Property Transfer Tax (FMA) Calculator

⚙️ Transaction & Property Specifications

Itemized Closing Cost Breakdown

⚖️ Statutory Greek Real Estate Acquisition Fee Structure (2025)

Engr. Muhammad Shahzad

📊 IAPR (AADE) & e-EFKA Social Security Statutory Matrix

Engr. Muhammad Shahzad