Buying land and building a house is a little more complex. We therefor strongly advise you to work with a local who is familiar with the procedure and can guide you through the whole process. We can introduce you to several people who can do this job for you for a reasonable fee. They can also guide you through the process of building, including supervising.
First you will have to appoint a solicitor, a notary, a surveyor and an accountant; apply for a Tax Registry Number (AFM) and open a Greek bank account.
The actual process of buying involves signing a pre-contract describing the terms of sale and payment schedule, paying a 10% deposit to secure the property by removing it from the market and later, after all legal work is completed (usually 6-8 weeks) signing the final contract. Upon completion of the final contract, all fees and taxes must be paid.
Closing costs, including all fees and taxes, will be around 10% of the purchase price.