Real Estate Library - Market

Reduction of the notary’s fee

02 Nov 2015, Market, by broosco legal team

       Pursuing the joint ministerial decree 72386/8-10-2015 published on the 9th of October 2015, the previous decree 11376/31−12−2011 concerning the notary’s fees, was modified, so that paragraph 1 of article 1, according to which the notary’s fee for a transaction amount up to 120.000,00 Euros wa... read more

Be a farmer for a day in Crete...

14 Sep 2015, Market, by

  Emily Payne   Shy, directionless squeezing is not the way to bountiful buckets of milk. That’s what occurs to me, high in the sweet and fertile heartland of Crete, as I try to get to grips with the ancient art of goat-milking. Retaining a purchase on the teat while avoiding being nipped or kicked... read more

House prices in Greece back to their 1999 levels

10 May 2015, Market, by Kostas Ledakis, Economist

  2015 may not be the end of the world as we know it, but one thing is perhaps certain: it’s the end of the free-fall in prices home owners have suffered the past years. Nationally since 2007, home prices have dropped about 45%, in the hardest hits areas 55% or more. In 2014 prices fell slightly com... read more

Increasing interest in Greek property market

28 Apr 2015, Market, by broosco legal team

  The economic recession observed in Greece in the past five years has admittedly prevented people of considering it as a promising investing target. Property buyers were among them. Irrespective of how much you may enjoy holiday under the unique Greek light, putting money on a secondary residence s... read more

Holiday home rentals - EOT licence

26 Mar 2015, Market, by broosco legal team

  Pursuant to the Law 4254/2014 the houses of a surface of at least 80 sqm, with an independent external access, which are self-efficient and independent residences on independent plots (therefore not belonging in the category of the basic hotel tourist accommodation) are considered as Tourist Furni... read more

Greece may strengthen the European Union

26 Mar 2015, Market, by

  For the past five years we have lived with such insecurity that whatever does not lead to a direct worsening of the situation passes for a victory. This is the case with last week's mini-summit in Brussels, which – one month later – reaffirmed the Eurogroup agreement of February 20. Only this time... read more

Residence permits for real estate owners in Greece - Documentation

23 Feb 2015, Market, by

  Applicants for a residence permit for real estate owners, valued at €250.000, must provide the following documents: Two copies of the application document; Two recent colour photos; Certified copy of a valid passport or travel documents recognised by Greeceand with the relevant valid entry vi... read more

Home insurance

18 Feb 2015, Market, by Iacob Marinakis, Insurance Advisor

  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 dan... read more

Residence permits for real estate owners in Greece - Preconditions

16 Jan 2015, Market, by

  The following conditions must be fulfilled to receive a residence permit: The real estate property must be owned by and be in possession of its owners In cases of joint ownership, where the value of the property is €250.000, the residence permit is only granted if the owners are spouses with undiv... read more

Hellenic National Cadastre

02 Jan 2015, Market, by

  The NATIONAL CADASTRE & MAPPING AGENCY S.A. company is a Legal Entity of Private Law and its mission is the study, development and operation of the Hellenic Cadastre. The company was founded with a joint decision of the Minister of Economy and Finance and the Minister of Environment, Physical ... read more

Residence permits for real estate owners in Greece - who they apply to

01 Jan 2015, Market, by

  Introduction A residence permit is any documentation issued by the Greek authorities, according to which a third country citizen is given the right to reside legally within Greek territory,in accordance with the provisions of the European Union (Regulation 1030/02 as applicable). Different categor... read more

Foreigners double investment in Greek properties

05 Nov 2014, Market, by

  Foreigners doubled their investment in Greek property, mostly holiday homes, in the first half of the year compared to the same period in 2013, Bank of Greece data show. In the period from January to June 2014 a total of 117.4 million euros flowed into Greece to that end, compared with 60.3 millio... read more