Real Estate Library - Legal

The new law for illegal constructions

09 Oct 2016, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

  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 il... read more

Cross border successions

13 Nov 2015, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

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 confl... read more

How to open a bank account in a Greek bank

05 Nov 2015, Legal, by broosco legal team

  Opening a bank account is strongly suggested in case you wish to proceed to the purchase of a property in Greece. It reassures the transparency of all transactions related to the purchase and provides all necessary tax proof to be provided annually to the Greek tax authorities for the needs of you... read more

Private Agreement

29 Sep 2015, Legal, by broosco legal team

  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... read more

Αcquisitive prescription

27 Feb 2015, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

  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 ... read more

Purchase of a property - The necessary authorisation

23 Feb 2015, Legal, by broosco legal team

  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 ... read more

What is an Apostille?

23 Feb 2015, Legal, by broosco legal team

  Apostille is the documentary device by which a government department authenticates a document as genuine, thereby legalizing it for use in another member country under the terms laid out in 1961. Once a document has been Apostilled, thereby providing official government authentication of the signa... read more

The property preliminary agreement

21 Feb 2015, Legal, by broosco legal team

  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 ... read more

Right of exclusive use on a property

19 Feb 2015, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

  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. ... read more

Notary’s Fees

07 Feb 2015, Legal, by broosco legal team

  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 contrac... read more

Vertical ownership or vertical co-ownership

01 Feb 2015, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

  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 ... read more

Restrictions on the acquisition of property rights (I)

19 Jan 2015, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

  A. Border Areas   The Greek state since 1990 has introduced by law the prohibition to natural or legal persons to acquire any rights on properties located in the country's border areas. In order to carry out such property transfers the law demanded that a file is submitted by the prospective buyer... read more

Succession in Greece

06 Oct 2014, Legal, by Athina Ledaki, Lawyer/Accredited Mediator (CEDR)

  Inheritance in Greece Inheritance issues involving property located in Greece are governed by the law of the foreign decedent's nationality, therefore if according to his country national law the applicable law regarding inheritance is that of the country where the property is located then Greek i... read more