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.
Property transfer tax for buyers
26 Jun 2018 (originally 21 Feb 2015)
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...
Read moreReset of the Property Fee Certificate (TAP) to the property transfer contracts
29 May 2018 (originally 20 Nov 2017)
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 usufructuary...
Read moreClarifications on Restrictions related to Property Transfers
05 Feb 2018
Following queries concerning the acquisition of property rights in specific areas of the Prefecture of Chania, we provide the following information: First and basic clarification: The prefecture of Chania does not belong to the border areas of the country- neither does Crete - therefore the legislative...
Read moreRenting a house through Airbnb becomes lawful – Conditions
12 Mar 2017
The law 4446/2016 defines for the first time the terms and conditions for the short-term property leasing through digital platforms (Airbnb or others) and is effective from 1st of February 2017. Conditions The leaser or sub-leaser must be a person, registered to the “Registry of short-term Property...
Read moreThe new law for illegal constructions
09 Oct 2016
The problem of illegal construction has been a serious issue for the Greek state for decades and is closely related to the way the state was formed and organised. The proposed by the Ministry of Environment and Energy bill seeks to establish a new framework of holistic view of the phenomenon of illegal...
Read moreEnergy Efficiency Certificate (EEC)
08 Oct 2016
When is the EEC required ? The EEC is required In every property sale and rental agreement. (the exception for the properties below the 50 s.m. was abolished on the 01/01/2016). It's not necessary for buildings used as factories, agricultural establishments, gas stations, workshops, warehouses. In...
Read moreThe Electronic Building Identity (EBI)
02 Oct 2016
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...
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