Real Estate Blog - Legal
Reset 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 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 moreCross border successions
13 Nov 2015
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...
Read morePrivate Agreement
29 Sep 2015
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 the...
Read moreΑcquisitive prescription
27 Feb 2015
Acquiring property rights in Greece may be an oral, non-written procedure, that is, not necessarily through a notary's transfer act. In fact "oral" property transfer was the rule back in the 19th century. That is the reason why it's very frequent when it comes to deed searching in case of a legal review...
Read morePurchase of a property - The necessary authorisation
23 Feb 2015
If you wish to proceed to the purchase of an estate property, it's advisable to appoint a Greek representative to help you through all the stages till completion, which mainly include applying for a Greek tax number and opening a bank account in a Greek bank, to be used to move your funds related to...
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