Real Estate Library

The total cost of buying a property in Grete,Greece

15 Mar 2019, Market, by Broosco Team

Selling price vs Total buying cost : Information and guidelines about all the costs that are linked with buying a property in Crete,Greece. We present you what you need to budget for and all the costs you need to be prepared for so you have everything covered.

Hellenic Cadastre toward completion – HOW property in Chania Crete is affected

10 Mar 2019, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

Τhe Hellenic Cadastre is gradually expanding all over Greece. Announcements and Instructions regarding the property owners' obligation to submit the relevant declaration to the Cadastral offices are made by NCMA S.A. almost every week to keep everybody up to date. Read more...

Vertical division in out-of-plan areas / Law 4495/2017

10 Mar 2019, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

The law 4495/2017 repeats the provisions of the law 4178/2013 regarding the possibility of establishing "vertically divided properties" in out-of-plan areas as long as these properties are built before the 28-07-2011. Many property transfers in the region of Chania, Crete, referring to out-of-plan real estate properties, are made possible thanks to this legislation. Read more...

Is Greek property market finally leveling out?

01 Mar 2019, Market, by Kostas Ledakis

Recovery in property prices gains traction as economy improves After almost ten years of falling house prices, the fall is slowing down and seems that things are finally turning around. The protracted downturn in Greece’s property market has gradually eased from 12.08% in 2012 to 2.2% in 2017 and, according...

How to ensure the building capacity of a land parcel

11 Dec 2018, Legal, by broosco team

A parcel is the land located outside an approved urban plan or outside the boundaries of a settlement and can be built only under specific conditions. Consequently, before buying such a property, one should make sure that he appoints an engineer and a lawyer to check: a) the property deeds so as to clarify...

Selling a tenant-occupied property

02 Nov 2018, Market, by broosco team

There are many reasons you might decide to sell your property but what should you do in case there is a tenant living in your property? Bear in mind that although you are free to decide to sell it at any time, if it is tenant-occupied you need to understand that your tenant has rights to your property...

Photos of Your Home Matter in Real Estate

11 Oct 2018, Market, by broosco team

  That saying "one picture is worth a thousand words" definitely applies also in real estate. Today, in the days of internet, the first impression buyers most often get of a home is from the photos on the websites that a property is promoted. With limited time and countless listings to review, buyers...

Greece begins a new chapter following the conclusion of its stability support programme

01 Oct 2018, Market, by European Commission

  Greece has successfully concluded a three year European Stability Mechanism (ESM) stability support programme with its place at the heart of the euro area and European Union secured. The successful conclusion of the programme is a testament to the efforts of the Greek people, the country's commitment...

Property transfer tax for buyers

21 Feb 2015, Tax, by broosco tax team (updated 26 Jun 2018)

  Property purchases in Greece are subject to taxation. Τhe purchase tax is paid by the buyer necessarily prior to signing the contract, when the transfer declaration is submitted by the parties to the local tax office, which makes an estimation of the property regardless of the declared price by the...

Reset of the Property Fee Certificate (TAP) to the property transfer contracts

20 Nov 2017, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR) (updated 29 May 2018)

  The property fee is applied to all property types other than those belonging to the par.7 of the Law 2130 article 24 (communal and construction sites, public institutions, etc.). This burdens the owner on the 1st of January of each year of the property and in the case of usufruct or possession the...