Buying a property in Greece
Oct 23rd 2015, 6:51 pm
#1
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Thread Starter
Joined: Jul 2013
Posts: 37
Buying a property in Greece
Hi
We recently moved to Paros as British passport holders and registered ourselves as residents.
We are looking to buy a house but we are apparently required to pay 23% VAT as it is a new build.
However, I've read a few articles that state that if you are a EU resident living in Greece, then you are not required to pay this if it is your first and main residence.
We asked a lawyer but he said this only applies to Greek citizens returning to Greece from abroad.
Is this correct?
Also, the deposit is currently held in our UK savings account. Can we pay the deposit (at the appropriate time) directly to the owner/developer to their UK bank account? Do the bank care or are they only worried that they are only lending the 75% and the rest is between us and the owner/developer?
Any help would be great!
Thanks
We recently moved to Paros as British passport holders and registered ourselves as residents.
We are looking to buy a house but we are apparently required to pay 23% VAT as it is a new build.
However, I've read a few articles that state that if you are a EU resident living in Greece, then you are not required to pay this if it is your first and main residence.
We asked a lawyer but he said this only applies to Greek citizens returning to Greece from abroad.
Is this correct?
Also, the deposit is currently held in our UK savings account. Can we pay the deposit (at the appropriate time) directly to the owner/developer to their UK bank account? Do the bank care or are they only worried that they are only lending the 75% and the rest is between us and the owner/developer?
Any help would be great!
Thanks
