KPAG Kosmidis & Partners is your local expert for Greek property law. We offer:
Find all the information you need for your purchase and place your property on a safe legal foundation – KPAG Kosmidis & Partner will support you throughout the whole process of buying property in Greece as foreigners.
Contact us and learn more about how our law firm in Athens can support you when buying a house in Greece. From Chalkidiki to the greek islands of Kreta, Rhodos or Mykonos: We are your partner in all of Greece.
Property law in Greece – the legal basis for buying property in Greece as foreigners
If you are planning on buying a house in Greece or purchase any other form of property, you should be familiar with the fundamentals of property law in Greece.
The purchase of Greek property is governed by the Astikos Kodikas (Greek Civil Code), which is comparable to the German Civil Code (BGB). A notarized contract of sale and entry in the Ipothikofilakio (Land Charges Register) or Ktimatologio (Land Register) is required for the purchase.
As in German law, in Greek law the accession of title to a property is only complete upon entry in the Greek Land Register.
In addition to the contract of sales’ special regulations, the sale is entered in the Greek Land Register. The Land Registry (Greek: Ipothikofilakio or Ktimatologio) has jurisdiction over specific municipalities.
Unlike the German Land Register, entries were previously name-based and not property-based. The law introducing the Ktimatologio changed the previous name-based registers to a property-based Land Registry system. However, this conversion has not yet taken place all throughout Greece. This means that in some regions, the Land Registers are to a certain extent still being kept according to person (Ipothikofilakio).
To verify the ownership status of a particular property, an entry is verified in terms of the name of the respective vendor and not in terms of ownership status on the basis of entries under the plot numbers. Because of this peculiarity, Land Register searches performed by a lawyer are indispensable for the process of safely buying a house in Greece.
KPAG Kosmidis & Partners will help you with all problems that might arise in this regard, such as verifying ownership status.
The following section provides an overview comprising the most important aspects of purchasing property according to Greek law.
Buying property in Greece as foreigners – important aspects of Greek real estate law
Representation by lawyers for a property sale contract is not mandatory by law in Greece; nevertheless, buyers of real estate are practically always represented by a lawyer, especially when buying property in Greece as foreigners. KPAG Kosmidis & Partners are specialized in Greek real estate law and have supported private clients and businesses from all over the world since 1992.
As your lawyers in Greece we will:
Get in touch with an experienced Greek real estate lawyer in Athens or Thessaloniki and learn more about our services.