Legal considerations for buying property on Aegina
Buying property on Aegina follows the same legal framework as the rest of Greece. Essential steps include title verification, building permit checks, and engagement of a qualified lawyer and engineer before any deposit is paid or a preliminary agreement is signed. Island properties sometimes involve more complex title histories, particularly for older buildings or properties that have passed through multiple generations. Thorough due diligence is especially important in these cases. A certified engineer must also prepare the Electronic Building Identity before any transfer can proceed.
All property buyers need a Greek tax number (AFM), and a transfer tax of 3.09*% of the purchase price or the government-determined objective value, whichever is higher, applies to all purchases. Buyers should budget approximately 10% of the purchase price to cover all one-off transaction costs. Aegina's property market includes a range of traditional and modern property types. For buyers interested in the Golden Visa programme, Aegina falls outside the high-demand zones, meaning the minimum qualifying investment is €400,000.
*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.