What are the main challenges of buying property in Pelion as a foreign buyer?
The main practical challenges are similar to buying elsewhere in Greece, language barriers, unfamiliarity with local building regulations, and the need for thorough due diligence on older properties that may lack modern surveys or complete documentation.
Many traditional properties in Pelion require specialist structural assessments to identify potential issues, particularly in mountain areas where access can complicate thorough inspection. Seasonal weather conditions may also limit inspection opportunities during winter months.
From a legal standpoint, foreign buyers need to obtain a Greek tax number (AFM) before proceeding with a purchase. Properties in coastal areas may be subject to environmental assessments. The transfer tax of 3.09%* applies to all purchases, calculated on the higher of the purchase price or the government-determined objective value.
*Important update: The Greek Prime Minister, Kyriakos Mitsotakis, has announced that the property transfer tax for purchases by non-EU citizens is set to rise to 15%, with the change expected to apply from 1 January 2027. The implementing legislation has not yet been published, so the final scope, including how it may treat plots of land and commercial property, is not yet confirmed.
Heritage restrictions apply to traditional buildings in protected villages, which affects what modifications are permitted. Working with an engineer and lawyer who have experience in the region is particularly important in Pelion given these specific local regulations.