Independent property valuation for international buyers, investors and property owners in Athens and Attica, including on-site inspection, market analysis and a documented valuation report by a certified valuer.
Buying property in Greece can be an attractive investment opportunity, but an asking price doesn’t necessarily reflect a property’s actual market value.
For an international buyer who may not know the local neighborhood, pricing patterns, building characteristics, or Greek property procedures, an independent property valuation in Greece can provide an objective basis for making a better-informed decision before negotiating, committing funds, or proceeding with a purchase.
A professional valuation can help you understand:
The purpose is not simply to produce a number. It is to give the investor a documented view of the property’s current market value before making an important financial decision.
This section is very important for foreigners because many do not know that Greece has an administrative system of property values.
In Greece, the objective value of a property is part of the statutory system used for taxation and administrative purposes. It should not automatically be interpreted as the price that the property could achieve on the open market.
Market value considers the property’s actual characteristics, location, condition, local supply and demand, and relevant market evidence.
This distinction matters to an investor because tax value, asking price, and market value may represent three different figures.
Greek property taxation also includes Real Estate Transfer Tax and the annual ENFIA property tax. Under the current Property Tax Code, the standard real estate transfer tax rate is 3% of the taxable value.
At the same time, ENFIA is applied annually to real estate rights held on 1 January and takes into account property characteristics such as location, area, use, age, and floor.
A Full Property Valuation in Greece goes beyond an online estimate or a comparison of asking prices.
Depending on the property and the purpose of the valuation, the process may include:
On-site property inspection
The property is physically inspected so that its actual condition, layout, and characteristics can be evaluated.
Property characteristics assessment
Size, age, floor, orientation, condition, renovation level, accessibility,y and other characteristics that may influence value are considered.
Location and micro-location analysis
Two properties in the same Athens district can have significantly different market characteristics depending on the exact street, accessibility, transport connections, surrounding uses and immediate environment.
Review of available technical information
Available plans, floor plans, building documentation and other relevant property information may be reviewed where necessary.
Comparative market analysis
Relevant market evidence and comparable properties are analyzed to determine whether the market supports the asking price.
Documented valuation report
The conclusions and valuation methodology are presented in a structured report, providing the investor with a documented basis for decision-making.
Greece maintains an official Register of Certified Valuers under the Ministry of Economy and Finance, covering professionals certified to perform valuations, including real estate valuations.
Before completing a property purchase in Greece, an international investor should understand that valuation, legal due diligence, technical checks, and the actual property transfer are separate stages.
A foreign resident can obtain a Greek Tax Identification Number (AFM), including through an electronic application process and, in eligible cases, identification by video conference.
For a property sale, the Greek notary prepares the electronic property-transfer file. The buyer and seller authorize the notary, the required documentation is collected, the relevant tax is paid, the notarial deed is signed, and the deed is subsequently submitted for registration with the Hellenic Cadastre.
The Hellenic Cadastre records legal and spatial information on Greek real estate, including property rights and encumbrances, making cadastral verification an important part of the broader due diligence process.
A property valuation does not replace independent legal or technical due diligence.
I would definitely include this sentence. It makes Urban Keys look more trustworthy, not less.
A buyer should therefore distinguish between:
Valuation → What is the property realistically worth?
Legal due diligence → Who owns it and what legal rights or encumbrances exist?
Technical due diligence → Does the actual property correspond with the available plans, permits, and technical documentation?
For an international investor, an independent valuation is often most valuable before making a decision.
You may request a property valuation before:
Knowing the estimated market value before you commit gives you a stronger basis for negotiation and helps you evaluate the investment more clearly.
For international clients who require the valuation documentation for use outside Greece, Urban Keys can also coordinate certified translation of the valuation report and, where legally applicable, Apostille authentication.
Certified translations may be provided through translators registered with the Greek Ministry of Foreign Affairs. The Ministry confirms that certified translators may officially translate public and appropriately validated or certified private documents between Greek and foreign languages.
Where an Apostille is legally applicable, follow the appropriate authentication procedure based on the document’s nature and origin.
An Apostille authenticates the relevant signature or official capacity; it should not be presented as government approval of the valuation itself.
Our Property Valuation in Greece service is designed for:
Buying property abroad shouldn’t start with an assumption about value.
Get an independent, documented assessment of the property and understand the local market before taking your next step.
Urban Keys™ Real Estate Athens
Property Valuation • Investment Support • Athens & Attica
Before making a property investment decision in Greece, explore our guides covering purchase costs, legal checks, due diligence and the local real estate market.
The timeframe depends on the property type, location, available documentation, and the valuation’s complexity.
After reviewing the initial information, we can provide an estimated completion timeframe before the process begins.
No. A property valuation provides an opinion of market value.
Legal due diligence examines ownership, rights and potential encumbrances, while technical due diligence examines planning, permits, plans and the physical/legal condition of the property.
For an international buyer, these services can complement each other before a purchase decision.
Upon request, Urban Keys can coordinate certified translation of the valuation documentation.
Where legally applicable, we can also assist with the appropriate Apostille authentication process for documents intended for use abroad.
Important Information
The information provided on this page is for general informational purposes and does not constitute legal, tax, financial or technical advice. Property valuations are carried out according to the characteristics of the property, the available documentation and the purpose of the valuation. Final fees, scope and delivery timeframe are agreed before the service begins.
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