Real Estate Blog

Keep track of real estate developments 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.

Home 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...

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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​...

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Establishing 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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Notary’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...

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Horizontal 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...

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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...

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Restrictions 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 maritimeforts is the other restriction laid down by the provisions of the Law 1892/1990 which still remains valid. It refers tospecific areas of the country including Crete, which are...

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Greek Real Estate Guide

Property Transfer in Greece Step by step analysis of the property transfer procedure in Greece

Documents and Certifications Read about all the necessary documents needed for a transaction

Real Estate Glossary Real Estate Glossary with terms and definitions for greek property market

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