Once a potential buyer for your property has been found these are the steps that must be taken to complete a sale:

1. Appoint a lawyer

You will need to appoint a lawyer to assist you, guide you and represent you throughout the whole procedure.

2. Appoint a civil engineer

You will need to appoint a registered civil engineer to produce a few certificates that are needed to sell your property (explained below). Owner of the property must have all property documents clear and up to date. He must ensure that:

a) The title deeds are all clear

b) Inheritance issues are all resolved

c) All outstanding property taxes to be paid in full

d) All outstanding bills to be paid in full

e) He must obtain an ‘Energy Performance Certificate’ (this is done and authorised by your appointed civil engineer).

f) He must obtain a ‘Certificate of Legality’ of the square meters of the property. All square meters or excess square meters of the property must be legal and registered according to the planning department (any excess square meters not registered have to be legalised and a fine must be paid accordingly) This is done by your appointed civil engineer or architect (this is not applicable for plots of land). This certificate is done once the seller is ready to sell (this document is only valid for two months).

Property owner expenses

agents / brokerage fee :

Up to 5% (upon agreement) plus 23% VAT on the final selling price.

lawyers fee :

0.5% for the Lawyer’s Association flat rate, plus lawyers fees for all the legal work (approx 1-1.5% in total on the sale price mentioned on the contract) plus 23% VAT

civil engineer / architect fees :

Fees vary depending on the type of property and work that must be done by the engineers. Any amount agreed is plus 23% VAT.

We have an extensive network of private clients and international property agents, and rapidly developing connections with Wealth Offices and influential journalists.

We undertake Property Searches for clients. We have an unrivalled overview of properties and plots of land throughout Greece and the islands, and will search on behalf of clients, often approaching owners whose houses or land are not on the market either officially or unofficially. We know when properties are coming up for sale, and which owners are keen to sell.

One of our most valuable services to those looking to buy in Greece, is guiding them to the right island or mainland location – this is almost more important than finding the perfect house!

Please register with us to join our group of clients for whom we are already searching.

After finding the perfect holiday home this is the procedure that follows in order to complete a sale in Greece:

1. appoint a lawyer

You will need to appoint a lawyer to assist you, guide you and represent you throughout the whole procedure. We offer a list of well known lawyers with expertise on foreigners buying a property in Greece. We offer a list of well known lawyers with expertise on foreigners buying a property in Greece. We offer a list of well known lawyers with expertise on foreigners buying a property in Greece.

2. appoint a public notary

For any property agreement/purchase to be valid it must be done in the presence of a Public Notary. A Notary will draft the contract and is responsible for the verification and registration of the transaction in the public records so that the buyer acquires the official title of the property. The contract will be signed by both parties in the presence of a Public Notary. We can provide our clients with a list of our preferred Public Notaries they can choose from.

3. get hold of a copy of the title deed and perform a title search at the ‘registry of mortgages’

This process may be done wit the help of your appointed lawyer . All buyers must obtain the title of the property held by the vendor. It is αthe lawyer’s obligation to search the title deed at the Registry of Mortgages. This search in needed in order to confirm that:

a. The owner holds the absolute deed of the property and there are no third parties involved.

b. All the property taxes, loans, mortgages burdening the owner have been paid fully.

c. The construction of the property was completed in accordance to all planning and building regulations.

Only when the titel deed is clear of al the above, and secure, should the buyer then proceed with signing the contract.

4. All buyers must get a tax registry number(afm)

All buyers EU and non EU need to get a tax registry number. This must be issued to the buyer in order to be able to proceed with any transaction in Greece. The tax registry number is applied
and issued by the Inland Revenue Service (your appointed lawyer will be able to guide you through this process).

5. pay the transfer tax

This may be done with the guidance of your appointed lawyer. The transfer tax must be paid by the buyer prior to signing the contract at the local Inland Revenue Service.

6. signing the contract

When all of the above have been completed the signing of the contract must be done in front of a Public Notary in order to be valid. Once signed the Public Notary registers the transaction at the local Registry of Mortgages.

7. Effect transfer at the registry of mortgages

The appointed lawyer must make sure that the title is transferred to the buyer’s name by obtaining the relevant certificate from the Registry of Mortgages.

8. Notify the land registry for the transfer

In order to register the property under the buyers name at the Land Registry a copy of the title and the certificate from the Registry of Mortgages is needed. Not all regions of Greece have yet a Land Registry, in areas that do not yet have a Land Registry ownership of the property is secured by the Registry of Mortgages.

Expenses incurred by a property owner

agents / brokerage fee :

Up to 5% (upon agreement) plus 23% VAT on the final selling price.

lawyers fee :

0.5% for the Lawyer’s Association flat rate, plus lawyers fees for all the legal work (approx 1-1.5% in total on the sale price mentioned on the contract) plus 23% VAT

civil engineer / architect fees :

Fees vary depending on the type of property and work that must be done by the engineers. Any amount agreed is plus 23% VAT.

We are in the fortunate position of having the vacation property rental expertise of our sister company Five Star Greece to call upon. Five Star Greece pioneered the Greek luxury rental market almost 20 years ago and are still considered to be the market leaders in luxury vacation rentals in Greece.

BUYERS:

We can give prospective villa buyers advice on the past, current or potential rental income value of a property, of what changes- structural and decorative, a property might need to optimise rental income, where to buy, and what to look for if buying a property to give a reliable rental income, and which properties would suit any particular market. Some buyers find it helpful to rent a property themselves before deciding to buy, and this is something we can arrange for most properties. We provide to our clients on the technicalities of renting a villa, and help on the management front.

SELLERS:

A good way of finding the right buyer for a property is to also allow select rentals of your villa. Five Star Greece will be pleased to help you with this.

www.fivestargreece.com

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Greece has some special regulations regarding planning permission, which vary from island to island, and take into account the local building idioms, the topography of the landscape, the archaeological importance of a site, the environmental impact of a proposed building, and the protection of the coast.Fast track routes for major developments are now available. We have expert advisors with experience at both local and more centralised levels at our disposal.

Greece is very well provided with highly skilled and talented mechanical engineers, architects, decorators, landscape gardeners and craftsmen, versed in the latest technology and the most traditional techniques as well. A fusion of the ancient and the cutting edge is something that Greek architects excel in. A profound love of the Greek landscape, light and natural flora suffuses the work of the best of these.

We have excellent connections in the area of Leisure and Tourist developments.

We can provide informal valuations for clients, and together with our expert specialist partners, we can arrange official ones for inheritance and tax purposes etc.

Plots

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Private Islands

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Investments & Developments

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