Property valuation in Greece: certified valuer or online report, which do you need?

By Axias · Updated 28 Oct 2026

If a Greek bank or court will read the valuation, you need a certified valuer: usually €300 to €700, a site visit and 5 to 10 working days. If you only need to decide what to offer or what to ask, a valuation that shows the recorded sales behind its number is enough. Start from who will read it.

Four ways to find out what a Greek property is worth

The prices are the ones the Axias site shows today for these four ways. A valuer's fee is not fixed: it depends on the property, the area and the valuer, so agree it before the visit.

When you need a certified valuer

A certified valuer in Greece is a professional listed in the register of certified valuers kept by the Ministry of National Economy and Finance. The valuer visits the property, checks its condition and papers, and signs the report. Two readers ask for that signature:

• a bank, when you buy with a Greek mortgage,
• a court, in a property dispute such as an inheritance split the heirs cannot settle between them.

If you are borrowing, ask the bank which valuation it accepts before you pay anyone. It may send its own valuer, and then a second valuation of your own is a cost twice over.

Taxes need no valuation at all. Greek transfer tax and inheritance tax are worked out from the state's objective value (on a sale, from the contract price if that is higher), which the notary or accountant calculates. Our guide on objective value vs market value explains the difference.

When an online valuation is enough

Most decisions about a Greek flat never pass through a bank. You want to know whether the asking price on a flat you liked holds up. You are buying with cash and want a number before you fly over to see it. You and your siblings need to agree on a price for a family flat before you sell. Nobody in these cases asks for a signature. They ask for evidence they can check.

That is where an online valuation does the job, as long as you know what it is built on.

What to check in an online valuation

A number without a source will not help you negotiate. Before you rely on one, check:

1. Asking prices or recorded sales? Listings show what sellers hope for. Across 122 addresses we checked in October 2026, the median recorded sale price per m² was about 30% below the median local asking price. A valuation built only from listings usually comes out high. Our guide on asking price vs sale price has the detail.
2. How many sales does it use? A serious valuation says how many transactions it rests on and when they happened.
3. Does it give a range? A single figure hides how sure the estimate is. A low, central and high figure shows it.
4. Who runs it? If the free valuation asks for your phone number, expect an agent to call.
5. Has it been checked? Ask whether the provider tests its estimates against real prices and publishes the result.

What the Axias report does

For one address, Axias sets the sales recorded with AADE, the Greek tax authority, next to current listings, e-auction results and the price trend in the area. You get a low, central and high figure, the nearby sales with their date and price per m², and a note on how strong the evidence is. The report is an English PDF in your inbox within a few minutes, written to forward to your lawyer, your agent or the seller.

We check our estimates against real prices. In October 2026, on 78 Athens and Thessaloniki apartments with a known price, the typical estimate landed 11% from it, which is 89% accuracy, and 69% of the real prices fell inside the range we showed (±20%). The estimate tends to come in low on fully renovated flats in the most expensive central neighbourhoods, and there is less data on the islands and for holiday homes.

The report is not a certified valuation. If a bank or a court asks for a signature, you need a valuer. Axias does not sell property, takes no commission and does not pass your details to anyone.

One thing to do tomorrow

Write down in one line who will read the valuation: you, the seller, your siblings, a bank or a court. If it is a bank, call it before you pay any valuer. In every other case, start from what flats in the area actually sold for.