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Property Purchase in Greece: Financing & Due Diligence Before Commitment
What Is Reviewed Before Paying a Deposit and How Is It Ensured That the Purchase Can Be Completed Without Delays or Rejections at the Final Stage
What do we do before proceeding with a property purchase?
Before any commitment is made, we assess whether the purchase can realistically be completed.
We review the financing, the buyer’s file, and the key property details,
to ensure the process proceeds without delays or rejections at the final stage.
The Process, Step by Step
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Preliminary review of the buyer’s information
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Initial financing assessment
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Review of key property details
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Preparation of the file for the bank
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Pre-approval or clear indication of financing capacity
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Legal and technical review of the property by the bank
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Coordination with the notary and the seller
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Completion of the purchase under clear terms
Cases That Require Different Handling
Some purchases require a different approach and level of review, depending on the buyer’s profile and the origin of their income.
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Buyers with income from abroad
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Tax residency outside Greece
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Self-employed individuals
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Combination of own funds and loan financing
Frequently Asked Questions
When should a deposit not be paid on a property?
When no prior assessment has been conducted regarding mortgage approval eligibility, as well as the key details of the property.
What does the bank examine first for a mortgage loan?
The buyer’s profile, income stability, and the ability to service the mortgage loan.
How early should the mortgage assessment begin?
Before any commitment or agreement with the seller.
Can a mortgage application be rejected at an advanced stage?
In certain cases, yes, if new information arises during the final bank review.
Proper preparation from the outset significantly reduces this possibility.
Is there any cost for the process?
No. The process is provided without any financial charge, from start to finish.
How is the company compensated?
Our remuneration is paid by the bank within the framework of our collaboration, with no charge to the client.
Do you collaborate with banks?
Yes. We collaborate with systemic banking institutions in Greece within the framework of formal partnerships for the handling of mortgage cases.
Start with an initial assessment before making any commitment
The right decision does not begin with the price, but with whether the financing and the property’s underlying details can withstand the process through to completion.
The information on this page is based on the experience of Georgios Evangelinou, a certified credit intermediary for real estate loans and a licensed mortgage advisor authorized by the Bank of Greece.