Mortgages for Foreign Buyers in Greece

These fields are read from the current Greece Country Passport. An under-review field remains visibly pending; it is never converted into a guessed national number.

Yes, conditionally. Alpha Bank advertises a mortgage for foreigners permanently resident in EU and non-EU countries. Eurobank offers a mortgage for non-residents and states that Greek citizenship is not required for qualifying property finance. Piraeus also publishes products aimed at residents abroad and borrowers with income in specified foreign currencies.

Product eligibility still depends on nationality where relevant, country of residence, income documentation, credit assessment, collateral, purpose and the bank's current policy.

The Greece Passport currently keeps Verification pending — see the Greece Country Passport.Under review. If the fact remains under review, the public answer is: No verified market-wide typical LTV.

The current borrower-based residential framework sets regulatory ceilings of:

• 90% LTV for first-time buyers;
• 80% LTV for second and subsequent buyers;
• 50% DSTI for first-time buyers;
• 40% DSTI for second and subsequent buyers.

There is also a limited institutional exemption quota under the framework. These are regulatory ceilings for covered lending, not an entitlement to a 90% or 80% mortgage and not a foreign-buyer product promise.

Current bank pages provide useful examples, but they must remain separate from the national Passport fact:

These are bank-product maxima published for defined categories, not a Greek “typical LTV”. They also do not replace individual underwriting or the bank's valuation.

The published product maximum implies a mathematical minimum equity contribution before taxes and transaction costs: 80% financing implies at least 20% equity, 70% implies at least 30%, and 65% implies at least 35%. A bank may require more because of income, existing debt, valuation, country of residence, credit profile, purpose or collateral.

The bank's own commercial valuation can be lower than the agreed purchase price. If so, the amount financed can be calculated against the lower collateral value and the product cap.

Yes, conditionally. Bank-primary evidence shows that lenders serving people abroad request foreign tax assessments, tax returns, payslips or business records and assess stability, currency, source, disposable income and other debt. That is different from saying that any foreign income automatically qualifies.

There is no universal rule that the borrower must earn income in Greece. Each lender can apply its own documentation and affordability policy.

Borrowing capacity is not determined by LTV alone. Lenders can assess income, other debts, living expenses, the property's estimated commercial value and credit history. Alpha's foreigner product refers to an adequate Credit Bureau score; foreign applicants can also be asked for external credit documentation. A large deposit therefore does not guarantee approval if affordability or credit checks fail.

Depending on the lender and product, foreign-buyer finance can cover a residential home, holiday home, investment property, construction, renovation or, in some products, a plot. The LTV, term, Law 128/1975 levy and collateral requirements can change with the purpose. A product that accepts a plot or investment property is not proof that every bank finances every property type.

There is no verified Greece-wide typical term. Alpha publishes up to 25 years for permanent EU-country residents and up to 20 years for permanent non-EU-country residents. Eurobank publishes different limits by borrower category, including up to 30 years for Greek/Cypriot citizens and shorter terms for other nationalities. Piraeus examples can run up to 30 years depending on product and purpose.

Published examples around age 75 at maturity are bank-product conditions, not a universal statutory age cap. Terms and age criteria must be checked at application.

For mortgage servicing, an individual lender may require an account with that lender. Alpha's foreigner product requires an Alpha Bank account and uses a standing order; Eurobank collects instalments through the account linked to the mortgage.

This is bank-specific mortgage servicing. It must not be turned into a universal Greek-law requirement for every property buyer or a change to the separate transaction-level account fact.

Some banks support online or email applications, a branch process or representation through a proxy. Alpha advertises remote, branch and proxy applications; Eurobank allows a lawyer registered with a Greek bar association to act as proxy where a borrower cannot stay in Greece for the mortgage process. This does not mean that every mortgage can be completed 100% remotely without original documents, certification, banking procedures or an in-person step.

A lender usually takes security over the financed property or another qualifying property, or may accept other collateral under its product. A mortgage lien and the purchase registration are separate legal and cost layers.

Where real estate is used as mortgage security, the lender can require property insurance. Product examples cover risks such as fire, earthquake and flood. This is a mortgage condition, not a universal Greek ownership-insurance law.

Alpha currently publishes foreigner-product mortgage-lien registration costs of 0.775% of the lien amount at a Land Registry or 0.875% + VAT at the National Cadastre, with separate certificate and document charges. These are product/security examples and must not be mapped to the ordinary property-purchase registration_fee.

Published requirements vary, but current bank examples commonly request identity and residence documents, several years of income or tax records, recent payslips or business accounts, evidence of assets or deposits, existing-borrowing information and property documents. The final list depends on the borrower, the country of residence, the currency and the lender's underwriting process.

Depending on the lender and purpose, a mortgage can involve processing, valuation, legal and technical due diligence, lien registration, insurance, interest, certificates and documentation. The Law 128/1975 levy is part of the credit-pricing framework, not a property transfer tax: current bank examples distinguish 0.12% for home finance from 0.60% for other real-estate or investment purposes where the product applies.

Published rates change frequently. OwnASea does not hardcode a current “Greek mortgage rate” into the evergreen Passport. APRC and total borrowing cost are more useful comparison measures than a headline rate.

International mortgage products can offer fixed or floating structures, sometimes linked to a reference rate such as three-month Euribor plus a bank spread and the applicable Law 128/1975 levy. Published rates and introductory examples change frequently. OwnASea keeps those figures in a dated bank-product layer rather than storing a single evergreen “Greek mortgage rate”.

No. A bank's willingness to lend does not prove that the property, payment, ownership structure or investment satisfies Greece's investor-residence rules. Mortgage finance and Golden Visa qualification are separate processes.

Read Residency Through Property in Greece → for the current residence routes, and Buying Property in Greece → for ownership, tax and conveyancing.

A non-EU resident considering a €400,000 property might see a product advertising up to 70% financing. The simple illustration is €280,000 financing and €120,000 equity before purchase and mortgage costs. If the bank values the property at €360,000, 70% of that valuation is €252,000, so the required equity would be €148,000 plus costs.

This is not a quote or a forecast. It demonstrates why purchase price, bank valuation, product maximum and individual approval must be modelled separately.

• Foreign and non-resident buyers can obtain Greek mortgages conditionally.
• Bank of Greece LTV/DSTI caps are regulatory ceilings, not guaranteed offers.
• Published bank examples of 65%, 70% and 80% remain product-specific; there is no verified market-wide typical LTV.
• Foreign income can be considered conditionally; Greek-earned income is not a universal prerequisite.
• Terms, age limits, account requirements, collateral and insurance are bank-specific.
• Mortgage-lien registration costs are separate from ordinary property-purchase registration costs.
• Current rates are volatile product data, not evergreen Passport facts.
• Mortgage approval does not itself establish Golden Visa qualification.

Use the Greece Country Passport for current fact statuses, conditions and source links. See Greece property taxes, rental rules and selling property for adjacent decisions.

General information: Mortgage approval, pricing and loan size depend on the lender, borrower, country of residence, nationality where relevant, income, credit assessment, property valuation, collateral and current product terms. Verify a significant financing decision with the lender and appropriate professional advisers.