PYLOS REAL ESTATE
Frequently asked questions
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Do I necessarily have to be in Greece to purchase a house ?
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A:
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It is not mandatory but recommendable. Since you want to look at the property of your choice anyway, you should be giving power of attorney (gr. plirexoussio) to a lawyer you trust. This one can then handle in your name all the neccessary paperwork for you. You also should get a tax number (gr. Α.Φ.Μ (AFIMI)) during the days of our stay. After that, open a greek bank account and give again power to your lawyer.
Since the greek laws have changed recently, that it is NOT anymore the purchaser who is responsible that everything is legally in order when buying a property or land, BUT the lawyers and notaries, they make absolutely sure, that it will be. Otherwise, their neck would be on the line. We do work with lawyers and notaries we absolutely trust, for we've used them ourselves. |
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Is it complicated to purchase property or build a home in Greece ?
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To be honest, yes ! The administrative mills are slow and complicated and you need quite some patience until the paperwork will be put together. Each paper needs an official stamp and since authorities - as well as banks - only work between the hours of 9 am and 2 pm, it will usually take a couple of days or sometimes weeks to wrap up things. With a bit of luck - and the corresponding connections - you can get things done in one day. |
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What is the whole procedure ?
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| A: | First, you have to apply for your tax number (gr. Α.Φ.Μ (AFIMI)). Without this one, nothing goes. It can last a few days to get it, since the central register is in Kalamata. Without this tax number, you cannot open a bank account, or buy a house. Afterwards, your lawyer and notary check the owners papers, that there is everything is in order. Especially that there are no other people who would
have a right to the property (greek families tend to be humungous and are likely to be spread all over the world). Then, and only the, your lawyer/notary wil give the go ahead for the purchasing process. The notary drafts a purchasing contract and the walk about to different authorities can begin. Before the contract can be signed, taxes have to be paid and of course you need a stamp. With the receipt of taxation office you get back to the notary to finalize the contract. A copy of the contract remains with your notary and he will register it with the corresponding authority. You will finally receive the (stamped) contract of purchase as well as an official plan of the property you bought. The plan shows the exact measurement of the plot and the adjacent neighbors. |
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| Q: | How expensive will the whole procedure roughly be ? |
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Of course, this depends on the purchasing price. Roughly you can calculate with about 2 to 3% of the purchase price.
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