Lior Friedman
Expert Real Estate Consultant, Partner
- Language: English, Hebrew
Properties for sale in Greece
Real estate investments are more profitable, profitable and worthwhile for Israelis. We, at Citizen Greece, have located your next investment in Greece for you.
Investment properties in Greece
In recent years, Israelis have discovered Greece, not only because of its history and resorts, but mainly because of its economic viability and the opportunity to purchase apartments for investment and residence.
Rooftop and garden apartments for sale in Halkidiki, Greece – Kalithea Project
Starting from ₪ 3,200/Euros per square meter
Garden apartment, Rooftop apartment
Villas for sale with sea view in the town of Palairos – Palairos Hills project
Starting from ₪ 468,000/euro
villa
A little about us
Citizen Greece was established following a need that arose among hundreds of our clients, who requested that we locate income-generating properties for investment outside of Israel. After examining the real estate investment market, we chose to focus on the Athens area – with new construction projects. The agency is led by Gal Moyal, an expert in supporting Israeli investors in Greece. Alongside him, are lawyers from the real estate sector in Greece and Israel, investment consultants and banking experts – in Israel and Greece.
Gal Moyal
Kolonaki, Athens - Greece
CityZen Greece experts at your service
Our secret, at Citizen Greece, lies in our partners on the journey. All of our real estate consultants are signed up to Citizen values and all of them receive regular training from experts in banking and investments, Greek laws, and existing rules and regulations - while putting our clients and their interests first.
Honey shine
Partner, Expert Real Estate Consultant
- Language: Hebrew, English
Why Israelis should buy an apartment in Greece
Our experts at Citizen Greece Agency have compiled a series of questions and answers especially for you, Israeli investors, about the processes related to buying a property in Greece for investment or relocation.
What is the expected return from real estate investments in Greece?
The answer to this question depends greatly on the area in which the property is located. For example, in quality areas of Athens, the net return after taxes and management fees is about 5% per year (as of 2024). Demanded neighborhoods such as Kolonaki, Kipseli and Pangrati offer higher returns. The rental market in Athens is stable, with high demand from local tenants and short-term tourists. Apartment prices in Greece are still low compared to other European countries, which creates potential for an increase in value. We, at Citizen Greece, provide professional guidance in choosing a property with maximum return. Our team of experts performs an economic analysis, identifies areas of demand and takes care of managing the ongoing rental. In general, investing through an Israeli marketing agency makes it easier for the Israeli investor and saves time, bureaucracy and unnecessary risks.
What are the main steps in purchasing a property in Greece?
The first step, at our Citizen Greece agency, is to locate a suitable property – according to your budget and investment goals.
We then guide and lead the client through the process of opening a Greek tax number (AFM) and a local bank account for transferring payments.
A Greek lawyer, an expert in local real estate, performs legal checks and ensures that there are no debts or registration problems with the property.
The next step includes negotiations with the seller and concluding the purchase terms.
After the transaction is approved, a Greek notary drafts the final contract and it is signed in the presence of both parties.
It is important for us to emphasize that we accompany our clients through all stages of the process and perform the necessary tests.
In this way, we save our clients valuable time, prevent as much as possible costly mistakes and bureaucracy, and ensure that the investor receives the property without legal problems.
What documents are required to transfer ownership of a property in Greece and what is the story of the obligation of an interpreter?
The documents include a valid passport, a Greek tax number (AFM) and a local bank account confirmation. A purchase contract, a lawyer’s confirmation of the property inspection and registration with the Greek Land Registry are also required. In some cases, additional documents may be required, such as a confirmation from the Greek Tax Authority. The process involves submitting documents to the Land Registry and paying a purchase tax according to the value of the property.
We centralize all the bureaucracy for the buyer and take care of accompanying the procedures step by step. This way, the investor receives full support and saves valuable time and effort.
As for the question regarding the interpreter, many of those who have tried and are trying to carry out the procedures independently, quickly discover that English alone is not sufficient, nor is a local lawyer or a Greek brokerage agency.
Greek law requires the presence of a certified translator if the buyer does not speak Greek. The legal documents, including the purchase contract, are written in Greek and require an official translation. A correct translation is important to avoid misunderstandings and to ensure that the investor understands the details of the transaction. A local lawyer helps explain the legal aspects, but the translator ensures an accurate and binding translation.
Buying or selling properties? Talk to us
You are invited to follow our articles about the world of real estate in general and about buying or selling properties in Even Yehuda, Tel Mond, Kadima - Zoran and Kfar Yona.
