Checklist for buying real estate in Greece
The decision to purchase a property in Greece paves the way to an improvement in the quality of life. To ensure that this is also secured in the long term, time and good advice should be given priority in the decision-making process.
The following points should be considered:
- Your holiday property in Greece should never be purchased out of a holiday mood.
- The micro-location and the punctual environment are crucial for maintaining the sustainable value of the property.
- Critically review your own requirements and criteria. Is the infrastructure right in terms of medical care, proximity to services, transport infrastructure, social environment and wintering opportunities?
- In the case of undeveloped land, check whether the property is located within a development zone or whether a building permit can be granted. The forestry office and the archaeological authority must give their permission in advance.
- In the case of down payments, conclude a preliminary contract before notarization. This should be agreed with security clauses by a local lawyer. Caution: Preliminary contracts are only relevant under debt law, a transfer in the land register does not take place.
- Have us or a trusted specialist check the building fabric for structural analysis, quality of execution and functionality of the electricity/water/sewage/heating/systems.
In order for you to achieve maximum security, you need an experienced and sincere advisor. Our services include, but are not limited to, the following:
- Legal review of your focused property in Hellas. We provide free and non-binding consultations in advance, depending on the complexity of the case, we call in cooperating expert consultants.
- Imputed review of the acquisition, including ancillary acquisition costs, possible renovations, clean-ups and deletion of contaminated sites. The overall calculation also includes the costs incurred for the maintenance of your property in Greece. Property tax, when renting the property as well as income tax, administration and maintenance of the property as well as pool and garden maintenance.
- Calculation of the construction costs incurred as well as the organizational process for new construction projects. Overall budgeting and planning – building permit – project planning and management.
- We are very familiar with local customs and Greek real estate and land law. We take care of translations at all stages of the buying process.
- Of course, we are always at your side from the first meeting to the formal settlement. Contact us.