When buying or renting a property in the Peloponnese—or anywhere in Greece—it is always easier and safer to work with a professional real estate agency. Apart from guiding you through the process, agencies collaborate with trusted lawyers, notaries, architects, engineers, and accountants—experts you will inevitably need when securing a property.
While there is no strict law about the real estate agency fee in Greece, there is a standard fee structure that most real estate agencies in the Peloponnese and Greece follow. Understanding this in advance helps buyers, sellers, and tenants plan their budgets more effectively.
Agency Fee in Greece and the Peloponnese When Buying a Property
For property purchases, the standard agency fee in Greece is 2% of the agreed purchase price + VAT (24% in Greece). In cases where the property is located outside the immediate area of the agency, the fee may rise slightly—usually to 3% + VAT.
The important detail: both buyer and seller are responsible for the agency commission. Each side pays their share (commonly 2% + VAT), and the payment is due at the moment the final purchase contract is signed, which is the legal transfer of ownership.
Example:
• Purchase price: €500,000
• Agency fee: 2% (€10,000) + VAT (€2,400)
• Total commission per party: €12,400
This ensures a transparent and fair process, protecting the interests of both sides in the transaction.
Agency Fee in Greece and the Peloponnese When Renting a Long-Term Property
For long-term rentals, the agency fee in Greece structure is simpler: agencies typically charge the value of one month’s rent + VAT (24%).
This is a one-time fee—it is not paid every year, only at the start of the rental agreement. Both tenant and landlord usually share this cost equally.
Example:
• Monthly rent: €2,500
• Agency fee: €2,500 + VAT (€600)
• Total commission per party: €3,100
This straightforward system makes the rental process smoother for both landlords and tenants, ensuring professional handling of contracts, documentation, and legal obligations.
Short-Term Rentals – A Different Structure
While long-term rental fees are typically based on one month’s rent, short-term holiday rentals (such as villas or Airbnb-style properties) often operate on a different model. Agencies may charge either a percentage of the rental income or a fixed service fee. This usually covers marketing, guest handling, and ongoing management rather than just the initial rental contract.
Transparency and Why Choosing the Right Agency Matters
In Greece, agencies are required to clearly state their commission in writing in the agency agreement before you start viewings. This protects both sides and ensures there are no surprises at the end of the transaction.
It’s important to note: if you view a property with a particular agency, you are obliged to pay that agency’s commission if you decide to buy or rent it. You cannot bypass the agent and go directly to the owner or another agency. This is why choosing the right agency—one you trust and feel comfortable working with—is so important from the start.
More Than Just a Fee – The Added Value of Agencies
A good real estate agency is not only about showing properties. They provide added value services such as translation, negotiation support, local insights, and after-sales assistance like setting up utilities, recommending renovation teams, or helping with residency permits.
In the Peloponnese, where many buyers are international, this level of support can save time, stress, and costly mistakes. The agency commission covers much more than introductions—it ensures you have a reliable partner throughout the entire journey.
Who Does the Agent Represent?
In Greece, it is common for an agency to represent both sides of the transaction (buyer and seller, landlord and tenant). This means both parties pay commission. However, in some cases, agencies act solely on behalf of the buyer (buyer’s agent) or the seller, depending on the agreement signed.
Understanding this structure upfront avoids confusion and helps you know exactly whose interests are being represented.
Conclusion
Working with a real estate agency in the Peloponnese offers not only peace of mind but also access to a professional network of experts who make property transactions secure and efficient. Whether you are buying a luxury villa by the sea, a traditional stone house in the mountains, or renting a long-term residence, knowing the agency fee structure in advance helps you plan with confidence.
At Mediterra Premium, we specialise in guiding international clients through every step of buying or renting property in the Peloponnese. From property search to negotiation, contracts, and after-sales support, we ensure a smooth and trustworthy experience.
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