{"id":69,"date":"2023-05-29T07:21:24","date_gmt":"2023-05-29T07:21:24","guid":{"rendered":"https:\/\/lawyersgreece.eu\/?p=69"},"modified":"2023-11-24T13:54:11","modified_gmt":"2023-11-24T13:54:11","slug":"property-lawyers-greece","status":"publish","type":"post","link":"https:\/\/lawyersgreece.eu\/property-lawyers-greece\/","title":{"rendered":"Property Lawyers in Greece"},"content":{"rendered":"\n

The purchase of real estate in Greece<\/strong> involves several issues and procedures that will inevitably make you deal with the bureaucracy of the local government.<\/p>\n\n\n\n

The legal framework in which these types of transactions are framed is the Greek Civil Code<\/strong>, which has some similarities with other European jurisdictions.<\/p>\n\n\n\n

To buy a property in Greece<\/strong>, you will need the help<\/a><\/strong> of our Greek<\/strong>real estate lawyers <\/strong>who can help you because generally, you will require, in addition to a sale and purchase contract, also the the Land Registry <\/strong>certificate.<\/p>\n\n\n\n\n\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t Quick Facts<\/th>\n\t\t\t\n\t\t\t\t <\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t
\n\t\t\t\tTypes of properties foreigners can purchase <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– residential,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– commercial<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\t

\n\t\t\t\t\tMandatory legal representation (yes\/no)<\/p>\n\t\t\t<\/td>\n\t\t\t

\n\t\t\t\tNo, but it is highly recommended<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\t

\n\t\t\t\t\tMain legal responsibilities of property lawyers <\/p>\n\t\t\t<\/td>\n\t\t\t

\n\t\t\t\t

\n\t\t\t\t\t– intermediate the sale on behalf of the client,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– verify the stipulations of the contract,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– verify the property's documents,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– assist the client in changing the ownership<\/p>\n\t\t\t\t

\n\t\t\t\t\t– complete any other legal procedures after the sale <\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tDue diligence (yes\/no) <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tYes<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tDocuments necessary for the property purchase <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t – the passport,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the Greek visa (necessary for non-EU citizens),<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the Tax Registry Number (foreigners can obtain it too),<\/p>\n\t\t\t\t

\n\t\t\t\t\t– information on the current residency in Greece (where applicable),<\/p>\n\t\t\t\t

\n\t\t\t\t\t– bank returns and others <\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tMain property taxes <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– transfer tax,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– registration fees,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– notary fees,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the lawyers' fee,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– real estate fee (if the property is sold through a real estate agency) <\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tParties involved in the sale\/purchase of a property <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– the seller,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the buyer,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the lawyer,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the notary,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the real estate agent<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tFees charged by notaries\/lawyers (if applicable)<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– notary: maximum 1% of the value of the property (+VAT) ;<\/p>\n\t\t\t\t

\n\t\t\t\t\t– lawyer: between 0.4% and 2% of the value of the property (+ VAT)<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tLaw regulating property and property sales in Greece<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– the Greek Civil Code,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the Code of Civil Procedure,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the Law 2308\/1995,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the Law 2664\/1998<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tConditions to purchase for EU nationals <\/td>\n\t\t\t\n\t\t\t\tEU citizens can easily purchase properties in Greece, without any restrictions imposed by the local institutions <\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tConditions to purchase for non-EU nationals <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tThey have to comply with certain rules, including visa requirements. In certain parts of the country, less restrictions can apply.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tDocuments necessary for the purchase of commercial\/industrial property <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tFor companies:<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the corporate documents,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the ID and passport of the person representing the company,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– information of the seller,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the deeds of owernship,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the declarations of the parties for the transfer of ownership,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– evidence on having the funds to purchase the property<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tInstitutions involved in the registration of new ownership <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tThe Land Registry <\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tThe mandatory provisions of a property sale contract <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– the accurate description of the property,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the obligations of the parties,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the price,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the methods of payment,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– the date at which the buyer must transfer the money etc.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tTypes of property contracts to sign in Greece<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t– preliminary contract,<\/p>\n\t\t\t\t

\n\t\t\t\t\t– sale contract<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n

 Deposit requirement on the sale of a property <\/td>\n Usually 10%<\/td>\n<\/tr>\n
\n

 Penalty clauses <\/p>\n<\/td>\n

 They can be included in the sale contract, by stating that if the contract is annulled due to an issue of one of the parties, the wrongful party (the buyer or the seller) must pay an additional sum of money to the other party. <\/td>\n<\/tr>\n
\n

 Property inheritance rights <\/p>\n<\/td>\n

\n

 The inheritance rights in Greece are divided into 6 classes of surviving relatives, who can benefit from inheritance based on the law of succession (with a signed will or intestate inheritance). <\/p>\n<\/td>\n<\/tr>\n

 Due diligence procedures  <\/td>\n Legal due diligence (through which lawyers verify all the documentation of the property) and technical due diligence (a physical inspection of the property)<\/td>\n<\/tr>\n
 Categories of properties stipulated by the Greek law <\/td>\n\n

 Public and private<\/p>\n<\/td>\n<\/tr>\n

 Ancilliary rights granted to the owner of a property <\/td>\n\n

 The right to ownership, to use the property, to live in the property, to lease it, sell it, to make a mortgage, usufruct rights<\/p>\n<\/td>\n<\/tr>\n

Information recorded in the Property Registry  <\/td>\n\n

The name of the owner, the type of legal right on the property (full ownership\/partial), the address of the property, the property type (apartment, house, etc.), surface, emcumbrances (such as mortages), legal issues (third party claims), the title deed.  <\/p>\n<\/td>\n<\/tr>\n

 Legal assistance in property disputes (yes\/no) <\/td>\n\n

 Yes <\/p>\n<\/td>\n<\/tr>\n

 Statute of limitation for property litigation <\/td>\n\n

 5 years (for legal matters regulated under the Article 250 of the Civil Code) or 20 years (for any other legal matter not mentioned in Article 250)<\/p>\n<\/td>\n<\/tr>\n

Ways to resolve property litigation <\/td>\nOur property lawyers in Greece can assist with property litigation held out-of-court and in court proceedings, as regulated by the Greek law.  <\/td>\n<\/tr>\n
Law regulating land rights in Greece  <\/td>\n\n

 The Greek Civil Code  <\/p>\n<\/td>\n<\/tr>\n

 Average property sale price requested by property sellers <\/td>\n\n

 The average price per square meter is EUR 2,408 for residential property – our property lawyers in Greece can help you find a suitable property for your needs. <\/p>\n<\/td>\n<\/tr>\n

Access to viewing details on properties listed in the public registries (yes\/no)  <\/td>\n\n

Yes  <\/p>\n<\/td>\n<\/tr>\n

 Right to buy land in Greece for EU\/non-EU nationals (yes\/no) <\/td>\n\n

Yes  <\/p>\n<\/td>\n<\/tr>\n

 Ways in which our lawyers can help foreign clients  <\/td>\n Our property lawyers in Greece can help you draw and sign the purchase contract, put you in contact with a notary public, assist in submitting documentation to various competent institutions, pay property taxes, help you sell or rent your Greek property, etc. <\/td>\n<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n

It will do you no good just to get the title of your new property<\/strong> if you do not have a team of Greek lawyers<\/strong><\/a> to help you register this document with the real estate registration authority in Greece<\/strong>.<\/p>\n\n\n\n

Observing these requirements on your own not only takes a lot of time, but it also takes experience dealing with the Greek authorities<\/strong> to expedite the process as much as possible.<\/p>\n\n\n\n

Our law firm in Greece<\/strong><\/a> can assist you in the process of acquiring property<\/strong> in any part of the country, so you can rely on us if you want to buy a property in Crete<\/strong> or buy a house in Corfu<\/strong>. <\/p>\n\n\n\n

This way, you only have to worry about choosing the type of real estate project<\/strong> you would like to participate in, and our real estate lawyers in Greece<\/strong> will take care of the paperwork.<\/p>\n\n\n\n

\n
\n

Table of Contents<\/p>\n<\/span><\/div>\n