Real Estate Blog
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Keep track of real estate news through the valid and up-to-date articles of our partners. Legislation and planning regulations, specialized articles and views on the real estate market of Crete.
Residence permits for real estate owners in Greece - Documentation
23 Feb 2015
Applicants for a residence permit for real estate owners, valued at €250.000, must provide the following documents: Two copies of the application document; Two recent colour photos; Certified copy of a valid passport or travel documents recognised by Greeceand with the relevant valid entry visa,...
Read morePurchase of a property - The necessary authorisation
23 Feb 2015
If you wish to proceed to the purchase of an estate property, it's advisable to appoint a Greek representative to help you through all the stages till completion, which mainly include applying for a Greek tax number and opening a bank account in a Greek bank, to be used to move your funds related to...
Read moreThe property preliminary agreement
21 Feb 2015
The preliminary agreement for the transfer or real estate property is a contractual legal act under which the seller and alleged owner of the transferred property, promises to the prospective buyer to appear and sign before the notary the final purchase contract. The main features of the preliminary...
Read moreRight of exclusive use on a property
19 Feb 2015
The exclusive (separate) ownership on a floor or a part of a floor (apartment) which is enforced by the articles 1002 of the Greek Civil Code and 1 etc. of the Law. 3741/1929 is legally an exception to the rule "superficies solo cedit", included in the article 1001 par. a`of the Greek Civil Code. Consequently,...
Read moreHome insurance
18 Feb 2015
Our home is one of our most important assets. It is one of our most precious assets in which we have invested both financially and emotionally. However, it is daily exposed to numerous risks caused by natural or man-made factors. Fire, explosion, earthquake, floods, burglary are unpredictable dangers...
Read moreAbolition of Compulsory representation by lawyers in property transfer notary's acts
14 Feb 2015
By virtue of the Law 4093/2012, the representation by a lawyer in real estate transfer acts became optional for all parties since January 1, 2014. Practically this means that the parties may appear before the notary in order to sign the contract without prior legal control of the property to be...
Read moreEstablishing vertical properties in parcels outside the settlement limits
08 Feb 2015
The answer to the legal question whether a vertical ownership may be established in land located outside the city or village boundaries, where the general urban planning regulations for land parcels are applied, has been negative till very recently. The possibility of establishing vertical propertieswas...
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