Buying Property in Nikiti 2026: Guide to Process and Taxes
- Thomas W
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By www.NikitiHalkidiki.com Team
Are you dreaming of a home overlooking the turquoise waters of Sithonia? Nikiti has emerged as one of the most prestigious investment hubs in Northern Greece. Combining a sophisticated lifestyle, world-class beaches, and a thriving year-round community, it offers a unique opportunity for both lifestyle seekers and strategic investors.
This guide provides the essential framework for navigating the Greek real estate market with confidence in 2026.
Why Nikiti is the Prime Choice
Nikiti is a town of two halves, offering the best of both worlds: the historic charm of the Old Town with its stone-built houses, and the modern marina area featuring luxury new-builds. For the investor, Nikiti’s enduring popularity ensures robust rental yields; for the homeowner, it offers an unparalleled quality of life in the heart of Halkidiki.
The Purchase Process: A Strategic Step-by-Step
1. Legal Due Diligence
The cornerstone of a secure transaction in Greece is hiring a specialized real estate lawyer. Your lawyer’s primary role is to perform a "Title Search" to ensure the property is free of debts, liens, or mortgages, and to verify that all structures comply with Greek building regulations.
2. Obtaining your AFM (Tax Number)
To own property in Greece, you must have a Greek Tax Identification Number, known as an AFM. Your legal representative can typically handle this application on your behalf. This number is mandatory for the final contract and for setting up essential utility services.
3. Opening a Greek Bank Account
While international transfers are possible, a local bank account is highly recommended for the seamless payment of taxes, maintenance fees, and utility bills. It also provides a clear financial trail for your investment.
4. The Public Notary and Title Deed
In Greece, the Public Notary is a state official who ensures the transaction is recorded according to the law. Once the final contract is signed in the presence of the Notary, the deed is registered at the Land Registry (Ktimatologio), officially making you the owner.
Taxes and Closing Costs in 2026
When budgeting for your property, you should allow for approximately 7–10% on top of the purchase price to cover administrative and legal costs.
Fee Type | Estimated Rate |
Transfer Tax | 3% |
Notary Fee | 1 – 1.5% (+ VAT) |
Legal Fees | 1 – 2% (+ VAT) |
Real Estate Commission | Typically 2-3% (+ VAT) |
Registration Fees | Approx. 0.5% |
The Annual Property Tax (ENFIA)
Owners of Greek property pay an annual tax called ENFIA. The amount is calculated based on the property’s size, age, and zone value. Nikiti offers very competitive ENFIA rates compared to other Mediterranean luxury destinations.
Special Consideration: The Greek Golden Visa
As of 2026, many international investors utilize the Golden Visa program, which grants residency in exchange for property investment. Nikiti remains a popular choice for this program. If residency is your goal, ensure your chosen property meets the current minimum investment threshold for the Halkidiki region.
Insider Tips for a Secure Investment
Verify Building Legality: Ensure a civil engineer has certified the property's "legal square meters." Your lawyer should verify this certificate before any deposit is paid.
Assess the Location’s Future: Look for proximity to the upcoming marina expansions and beachfront development zones, as these are the strongest drivers of future capital appreciation.
Consult Local Experts: The Greek market is nuances. Local knowledge is the difference between a good purchase and a great investment.
Take the Next Step in Your Journey
Navigating a foreign market requires the right partners. We work with a handpicked network of local experts—from reputable brokers to lawyers specializing in international clients—to ensure your transition to Nikiti is flawless.
Fill out the form below to receive a curated list of off-market properties or to schedule a consultation with a local legal expert.
