Valuing a property in Greece involves several key factors, whether you’re buying, selling, or investing. Here’s a structured approach:

1. Research Market Prices

• Check recent sales data for similar properties in the area.
• Use local real estate platforms like Spitogatos, XE.gr, and Tospitimou for price comparisons.
• Consult with local real estate agents to get firsthand market insights.

2. Understand Location Impact

• Proximity to tourist hotspots, beaches, or city centers significantly affects value.
• Consider infrastructure (transport, roads, schools, hospitals).
• Examine zoning laws—some areas have strict building regulations.

3. Assess Property Characteristics

• Size & Layout: Price per square meter varies by region.
• Condition & Age: Newer buildings or renovated properties usually have a premium.
• Legal Status: Ensure there are no zoning violations, outstanding debts, or ownership disputes.

4. Evaluate Rental Potential (if applicable)

• Popular tourist areas like Athens, Mykonos, or Santorini often have high Airbnb yields.
• Long-term rental demand varies—check local trends.

5. Get a Professional Valuation

• Hire a licensed property valuer for an official appraisal.
• Banks often require valuations for mortgage purposes.

6. Consider Additional Costs

• Transfer tax: 3% for most purchases.
• Notary & legal fees: ~1-2% of the purchase price.
• Real estate agent fees: ~2% (varies).

If you’re looking to Find, Buy or Sell property in Greece and need help with a valuation – reach out to us at Find My Greece. We’ll manage the process for you and make sure you get the right information and set up for success.