Mortgages for Foreigners in Greece
15 Apr 2025

Mortgages for Foreigners in Greece

Can Foreigners Get a Mortgage in Greece?

 Yes, but there are some conditions.

  • Easier for EU citizens

  • Non-EU citizens can apply, but with stricter checks

  • Income and legal residence status matter

What Do I Need to Apply?

You’ll need:

  • Greek Tax Number (AFM)

  • Greek bank account

  • Valid passport or ID

  • Proof of income (e.g. payslips or tax returns)

  • Bank statements

  • Documents may need translation or certification

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How Much Can I Borrow?

  • Up to 70% of the property value

  • You need at least 30% down payment

  • Loan term: 10–30 years

  • Interest: fixed or variable

How Does the Process Work?

  1. Get your AFM

  2. Open a Greek bank account

  3. Prepare documents

  4. Apply for mortgage pre-approval

  5. Sign a purchase agreement

  6. Final loan approval

  7. Sign the contract with a notary

What Challenges Should I Expect?

  • Extra paperwork

  • Language barriers

  • Slower processing times

  • Stricter rules for non-residents

Tips for a Smoother Process

  • Work with a local real estate agent

  • Hire a bilingual lawyer

  • Prepare documents early

  • Be patient

What if I Can’t Get a Mortgage?

Alternatives include:

  • Paying in cash

  • Getting a loan in your home country

  • Exploring private financing options

Final Thoughts

Mortgages in Greece are available to foreigners, but the process takes preparation and support. With the right help, owning a home in Greece is totally possible.