Yes. Several Greek banks — Eurobank, Alpha Bank and Piraeus among them — lend to non-residents buying property in Greece. The typical loan-to-value is around 65% (some banks reach 70% for foreign buyers, and up to 80% for members of the Greek diaspora), with rates of roughly 4–5.5% in early 2026 and terms up to 15 years, subject to an age cap of around 75 at loan maturity. Two prerequisites are non-negotiable: a Greek tax number (AFM) and a Greek bank account. Approval is assessed individually on income and profile. Confirm current LTV, rate and term directly with the Greek banks for your specific profile before relying on them.
Who lends, how much, and on what terms
Non-resident lending in Greece is an established product rather than an exception. The large retail banks — Eurobank, Alpha Bank and Piraeus in particular — run non-resident mortgage programmes and are used to international buyers. The working rule of thumb on loan-to-value is around 65% for a non-resident, meaning a deposit of roughly 35% from your own funds; some banks stretch to 70% for foreign buyers with strong profiles, and members of the Greek diaspora are often treated more generously, up to around 80%. Interest rates in early 2026 sit broadly in the 4–5.5% range, and terms typically run up to 15 years, constrained by a maximum borrower age (commonly around 75) at the loan's maturity.
As everywhere, the headline numbers are a starting point, not a promise. Banks assess each applicant on income, existing debt, the property itself and the banking relationship, so two buyers of the same villa can be offered different LTVs and rates. The property is valued by the bank, and the loan amount follows the lower of price and valuation. For a luxury purchase, the mortgage is often used for leverage and currency reasons rather than necessity, which can strengthen the negotiating position on rate and LTV.
The two prerequisites: AFM tax number and a Greek bank account
Before a Greek bank will lend, two administrative foundations must be in place, and they are the same foundations required to buy at all. The first is a Greek tax number, the AFM (Arithmós Forologikoú Mētrṓou): a nine-digit number issued by AADE that every property buyer must hold regardless of nationality, and which can be obtained remotely through a power of attorney to a Greek lawyer. The second is a Greek bank account, through which the deposit, the loan drawdown and the ongoing repayments flow. Setting both up early is the single most effective way to avoid delay once a property is agreed.
Because the AFM and the account underpin the whole transaction — not just the mortgage — they are best arranged at the outset of a Greek search rather than at the offer stage. Our buying-process question walks through the AFM, lawyer, notary and engineer sequence in full. The lending parameters here (LTV, rate, term, age cap) are drawn from the published non-resident programmes of Eurobank, Alpha Bank and Piraeus and Bank of Greece rate context, and are directional; confirm the current terms directly with the banks for your nationality and profile before you rely on them.
Sources
Primary and expert sources behind this answer:
- Bank of Greece & Greek retail banks (Eurobank, Alpha Bank, Piraeus) — Non-resident mortgage framework and lending rates ↗
- AADE — Independent Authority for Public Revenue (Greek tax authority: transfer tax, ENFIA, capital gains, inheritance, short-term-rental AMA register) ↗
This page is general information, not legal or tax advice. Greek property, tax, letting and succession rules are technical and change frequently — several reliefs here (VAT suspension, capital-gains suspension) are time-limited to 31 December 2026. Every figure and rule here must be confirmed with a Greek lawyer (dikigóros), a notary (symvolaiográfos) or a tax adviser (logistís/forotechnikós) for your specific situation before you act.
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