Real Estate Blog
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.
Vertical ownership or vertical co-ownership
01 Feb 2015
A vertical property consists in the separate ownershipin one of many independent buildings or in parts of buildings which have been constructed in a single plot. This type of s eparate ownership refers to the building, while there is common ownership by specific percentages on the whole plot and...
Read moreRestrictions on the acquisition of property rights (ΙΙ)
20 Jan 2015
B. Defence areas - Maritime forts The prohibition regarding the acquisition of property located in defence areas or maritime forts is the other restriction laid down by the provisions of the Law 1892/1990 which still remains valid. It refers to specific areas of the country including Crete, which are...
Read moreRestrictions on the acquisition of property rights (I)
19 Jan 2015
A. Border Areas The Greek state since 1990 has introduced by law the prohibition to natural or legal persons to acquire any rights on properties located in the country's border areas. In order to carry out such property transfers the law demanded that a file is submitted by the prospective buyer to a...
Read moreResidence permits for real estate owners in Greece - Preconditions
16 Jan 2015
The following conditions must be fulfilled to receive a residence permit: The real estate property must be owned by and be in possession of its owners In cases of joint ownership, where the value of the property is €250.000, the residence permit is only granted if the owners are spouses with undivided...
Read moreEnergy Performance Certificate
12 Jan 2015
Buildings are responsible for 40% of energy consumption and 36% of CO2 emissions in the EU. While new buildings generally need less than three to five litres of heating oil per square meter per year, older buildings consume about 25 litres on average. Some buildings even require up to 60 litres. Currently,...
Read moreHellenic National Cadastre
02 Jan 2015
The NATIONAL CADASTRE & MAPPING AGENCY S.A. company is a Legal Entity of Private Law and its mission is the study, development and operation of the Hellenic Cadastre. The company was founded with a joint decision of the Minister of Economy and Finance and the Minister of Environment, Physical Planning...
Read moreResidence permits for real estate owners in Greece - Who they apply to
01 Jan 2015
Introduction A residence permit is any documentation issued by the Greek authorities, according to which a third country citizen is given the right to reside legally within Greek territory,in accordance with the provisions of the European Union (Regulation 1030/02 as applicable). Different categories...
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