Real Estate Blog - Legal

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...

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Right 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,...

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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 one...

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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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