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.
The property preliminary agreement
21 Feb 2015
The preliminary agreement for the transfer or real estate property is a contractual legal act under which the seller and alleged owner of the transferred property, promises to the prospective buyer to appear and sign before the notary the final purchase contract. The main features of the preliminary...
Read moreRight of exclusive use on a property
19 Feb 2015
The exclusive (separate) ownership on a floor or a part of a floor (apartment) which is enforced by the articles 1002 of the Greek Civil Code and 1 etc. of the Law. 3741/1929 is legally an exception to the rule "superficies solo cedit", included in the article 1001 par. a`of the Greek Civil Code. Consequently,...
Read moreHome 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...
Read moreAbolition 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...
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