Real Estate Library

The Electronic Building Identity (EBI)

02 Oct 2016, Engineering, by Vasilis Kontezakis, Civil Engineer

  The Electronic Building ​​Identity​ (EBI)​​ aspires to contribute to a historic change ​in property management ​to the benefit of ​the ​property owners. Although ​originally ​described in the L.3843/2010 ​as a new institution, due to the complexity​​ and the need for clarification of ​many law provisions...

Cross border successions

13 Nov 2015, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

European citizens’ choice to buy property in Greece has undoubtedly increased mobility of individuals within the limits of the European Union and has created several queries when it comes to the settlement of cross-borders inheritances as the application of multiple inheritance laws can create conflicts...

How to open a bank account in a Greek bank

05 Nov 2015, Legal, by broosco legal team

  Opening a bank account is strongly suggested in case you wish to proceed to the purchase of a property in Greece. It reassures the transparency of all transactions related to the purchase and provides all necessary tax proof to be provided annually to the Greek tax authorities for the needs of your...

Reduction of the notary’s fee

02 Nov 2015, Market, by broosco legal team

       Pursuing the joint ministerial decree 72386/8-10-2015 published on the 9th of October 2015, the previous decree 11376/31−12−2011 concerning the notary’s fees, was modified, so that paragraph 1 of article 1, according to which the notary’s fee for a transaction amount up to 120.000,00 Euros was...

Tips for signing a construction agreement

02 Nov 2015, Engineering, by broosco engineering team

  Construction is considered to be a risky business, especially when it comes to a foreigner’s decision to construct a residence in Greece. Choosing a contractor’s offer demands a good survey of the market, a trustful engineer and a legal counselor to draft the agreement. You will often face up to practices...

Private Agreement

29 Sep 2015, Legal, by broosco legal team

  A Property Buyer should know...   Signing a private agreement in order to "secure" a sale is usually the first thing you will be asked to do when the deal about the purchase of a new property is closed. This is simply an agreement which aims to prevent the seller from putting his property again in...

Be a farmer for a day in Crete...

14 Sep 2015, Market, by http://www.theguardian.com

  Emily Payne   Shy, directionless squeezing is not the way to bountiful buckets of milk. That’s what occurs to me, high in the sweet and fertile heartland of Crete, as I try to get to grips with the ancient art of goat-milking. Retaining a purchase on the teat while avoiding being nipped or kicked...

House prices in Greece back to their 1999 levels

10 May 2015, Market, by Kostas Ledakis, Economist

  2015 may not be the end of the world as we know it, but one thing is perhaps certain: it’s the end of the free-fall in prices home owners have suffered the past years. Nationally since 2007, home prices have dropped about 45%, in the hardest hits areas 55% or more. In 2014 prices fell slightly compared...

Property Transfer Tax in south and north Europe

02 May 2015, Tax, by broosco tax team

  Till December 2013 the property transfer tax in Greece raised to 9-11% on the declared sale price. Since January 1st 2014, when the Law 4223/2013 was implemented, Greece has adopted one of the lowest property transfer tax rates in Europe. (3%) As far as the annual property tax is concerned, each property...

Increasing interest in Greek property market

28 Apr 2015, Market, by broosco legal team

  The economic recession observed in Greece in the past five years has admittedly prevented people of considering it as a promising investing target. Property buyers were among them. Irrespective of how much you may enjoy holiday under the unique Greek light, putting money on a secondary residence still...