A Guide for Israeli Investors: Buying Property in Greece

Olive & Oak AdvisoryJanuary 20, 20247 min read

Practical guidance for Israeli investors navigating the Greek property market, from legal considerations to tax implications.

Why Greeks Welcome Israeli Investors

Greece and Israel share a strong diplomatic and cultural relationship, making Greek real estate an increasingly popular choice for Israeli investors seeking a European foothold.

Key Considerations

Direct flights from Tel Aviv to Athens (under 2 hours)
Favorable tax treaty between Israel and Greece
Similar Mediterranean culture and climate
Strong property rights for foreign buyers

The Purchase Process

1. Obtain a Greek tax number (AFM)

2. Open a Greek bank account

3. Engage a local lawyer for due diligence

4. Complete the purchase at a notary

5. Register the property with the land registry

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