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.
Abolition 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...
Read moreNotary’s Fees
07 Feb 2015
The notary prepares the deed which is signed in the presence of the parties and their lawyers, if appointed. The notary verifies the legitimate presence of the parties or their proxies, in case they are represented and attaches to the notarial act all the documents submitted. Following the contract...
Read moreHorizontal Ownership
06 Feb 2015
Horizontal Ownership is established when the owner of a building divides it in more than one independent properties, attributing a specific percentage of co-ownership on the plot and the building's common parts (roof, yard etc.) in each one of them.The most common type of horizontal property is the one...
Read moreVertical 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...
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