It is rather an easy procedure to buy a property in Greece, given that everything is in place. We are more than willing and able to help you in every step of the way to acquire the property of your choice.
In order to proceed with any transactions a tax registry number (in Greek: Α.Φ.Μ.) must be issued for the buyer. The tax registry number is applied for and issued by the local tax authority. We assist our clients at FREE service, to issue this tax registry.
As buyer you should appoint a lawyer that will check the titles from the legal aspect and will represent you throughout the process. Otherwise also we can represent you.
The buyer must obtain the contract deed (title) held by the seller. It is then the lawyer's obligation to search the title deed at the registry of mortgages. The search must be carried out in order to secure that:
■ The vendor holds the absolute deed of the property.
■ The property is unencumbered.
■ All property taxes burdening the seller have been paid.
■ The construction was completed in accordance to all planning and building permissions.
If you decided for a property you as the buyer and the seller or the accordingly authorized represents - can sign a private preliminary contract under a corresponding down payment within a fixed period. That deposit is returned back to you in case there are title problems with the property that will stop the sale.
Then a attorney as well as a Notary has to be instructed to research and to verify the land register entries.
In addition the tax authorities require of the buyer to prove the financial resources for the purchase and of the seller a property tax declaration. Without these the contract may be avoided.
Moreover a topographical chart is required, including the details of outline and measures.
The next thing is to pay the property transfer tax to the local tax office, and after all documents, diagrams and clearance certificates are made available for the notary, the final contract of purchase defined by both parties or their authorized represents can be signed. As a non-national not knowing the Greek language you need a translator from Greek to your national language.
Finally the entry in the land register and the issue of an official abstract of title will be made. A copy of the title and the certificate from the Registry of Mortgages, of the property needs to be registered under the buyer's name at the Land registry. However, not all regions of the country have such a registry, as Greece is currently undergoing the process of establishing its Land Registry. In areas that do not yet have a Land Registry, ownership of property is based on and secured by the local Registry of Mortgages.