Buying and owning property
Can Russian citizens buy property in Greece in 2026?
Purchasing property as a Russian citizen in 2026
In 2026, Russian citizens remain eligible to purchase real estate in Greece. There is no general ban on buying apartments, houses, villas, or land plots. However, every transaction is subject to enhanced legal and banking due diligence.
Buyer verification process
Key factors in finalizing a deal include the buyer’s sanctions status, the legality of the capital’s origin, and the feasibility of executing payments through an approved banking channel. The standard document package includes:
- International passport.
- Greek Tax Identification Number (AFM).
- Proof of residence.
- Tax returns and bank statements.
- Documents confirming the source of funds.
The buyer also undergoes a mandatory check against EU sanctions lists.
Payment specifics
The primary challenge for buyers remains the transfer of funds. Direct payments from Russian banks are often rejected due to sanctions, correspondent bank restrictions, or the internal policies of Greek financial institutions.
It is recommended to conduct settlements from the buyer’s personal account in a third-country bank. It is crucial that the funds belong to the buyer personally and that the payment route is pre-approved by the bank, lawyer, and notary before any deposit is made. Using opaque schemes, cash payments, or intermediaries can lead to funds being blocked and the deal falling through.
Golden Visa: important clarifications
Purchasing property and obtaining a Golden Visa are two separate procedures. The possibility of obtaining a residence permit is considered separately and depends on the applicant’s sanctions status, the legality of the funds, and the category and value of the property:
- Minimum threshold of 800,000 euros: for the most sought-after regions.
- Minimum threshold of 250,000 euros: for specific special categories of real estate.
Security recommendations
Before signing a preliminary contract, it is necessary to conduct a comprehensive due diligence of the property: examine titles, cadastral data, building permits, and the presence of debts or encumbrances. Simultaneously, one should obtain confirmation from the bank regarding its readiness to accept the transfer.
AILIT Group provides professional support at all stages: from property selection to legal assistance with purchasing or constructing real estate.
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Conclusion
Russian citizens can purchase property in Greece in 2026, provided they are not subject to personal sanctions, can prove the transparent origin of funds, and use legal banking channels. Thorough preparation and verification of all transaction stages before making a down payment are the keys to success.