Process of property purchasing in Greece
The process of purchasing and executing of documents for a non EU resident is very simple. Almost all the stages of purchasing are held by a lawyer, which represents the buyer, the buyer’s involvement in the process is minimum.
1. Search of property.
You can check the objects and their detailed description presented in catalogue in our web-site or send an inquiry for search in accordance with your demands.
2. Examination of objects.
It takes usually 2-3 days for examination of the chosen objects. The last day is dedicated to repeating your visit to the objects you liked more and the negotiations with the owners.
3. Reservation of the object.
The buyer pays an advance 2000-5000€ to the owner depending on the price for the property.
4. Execution of letter of attorney.
A letter of attorney is executed at a public notary and accords a right to your lawyer to present your interests.
5. Signing a preliminary contract.
The Buyer meets the lawyer who will present his interests and the owner of property for signing a preliminary contract about contemplation of purchase. The lawyer checks the presented by owner documents for property and drafts a contract in 2 languages. There isn’t the liability of Buyer’s presence in Greece after signing the contract. All other actions will be done by the lawyer.
6. The investigation of legality of the title of the property is the most important step before any other procedure is made.
The lawyer checks the covenant of right to convey of Buyer and clear title of property in Land Cadastre Office. It takes about a week for it. The payment for property should be done after the layer is convinced about the legality of property and it has to be done according to the terms of contract.
7. Signing the contract of purchase.
After the Buyer transfer all the amount which he should pay for property he can come to Greece for signing the contract of purchase. The contract is drafted by a public notary. The Buyer acquires the official title of the property after the registration of the contract by the lawyer in the Cadastre Land Registry.
The representative of the company will accompany the Buyer during all stages of the purchasing.