Registration of ownership rights
LegalAfter signing and certifying by a notary of the Basic agreement of sale and purchase of property, the agreement will be sent for registration in the Register of real estate. This is the final stage of transaction. Registration is performed, depending on the region, on average, during one month and then the buyer will be given a certificate of registration of the agreement, which, together with the Basic contract of sale and purchase, confirms the transition of ownership of the property. View More »
Role of agent at time of renting
RentingAccording to your preferences (nature, diving, club holidays, festivals, archaeological sites and so forth), an agent will tell you about different regions of Greece. Once you have decided what area you like, depending on the number of tourists and your budget, the agent will select and offer several properties of your choice. If you like something, you can specify the details. The agent will then arrange for you everything you need and prepare a meeting at the airport and private transfer. Upon request on the spot, we can also arrange for private tours, car rental or trip on a yacht. View More »
Buying property as investment
BuyingIn the context of global instability, we are all looking for a way to protect and, where possible, increase our savings. Investment in currency and stock markets, precious metals and works of art – most of the options require encyclopaedic knowledge or continuous monitoring of fluctuations on the market, news and weather forecasts, which all cause us to lose rest and sleep. Then, we recall examples of success of Donald Trump and Robert Kiyosaki who invested in real estate. First of all, such acquisition will allow you to combine business with pleasure because in addition to the possibility to enjoy a holiday with your family in your own home, you will also become the owner of a valuable asset. For four or five months, you can give your villa for rental. A real estate agency of your choice will take over the management of your villa. Along with the purchase of a house by sea in Greece, your whole family will automatically receive residence permit in the country and consequently the ability to move freely across the European Union. We will be happy to help you choose the best property for investment that fits your budget and personal preferences View More »
Residence permits for family members of owner of real estate
LegalOn 10 April 2013, Greece adopted a new law under which the owner of property worth €250,000 or more is entitled to obtain residence permit in Greece for a period of five years, with the right of renewal. Thus, the acquisition of real estate is not only a good investment, but it also gives the opportunity to have long legal residence in one of the countries of the European Union. The right to receive residence permit also applies to married couples and minors. View More »
Residence permit for financially independent persons
LegalObtaining residence permit in Greece allows travelling without visas not only to Greece but also to all countries of the Schengen Agreement. If your income is high enough and stable, and you want to spend more time in the south, Law №3386/05 provides you an opportunity to obtain residence permit in the category of financially independent persons. The right to receive such residence permit is for a citizen of a foreign state who has a stable legal income in their country of residence. Such income should not be a salary, but could be an income from a lease of property, dividends and so forth. The right to residence permit extends to the family of the applicant. This residence permit does not give the right to engage in employment in Greece. Inquire us about the necessary level of income for this category of residence permit according to the current legislation. View More »
Stages of purchase of real estate
LegalThe process of registration of real estate in Greece usually consists of the following steps: • Reservation by the buyer of the property of their choice, with payment of the deposit and issuing of the receipt of payment; • Legal control of the real estate cadastre in the archive, in order to determine the legal purity of the property, presence or absence of a pledge at the time of transfer of ownership; • Signing of a preliminary private agreement (before the registration of a notarial contract) indicating the value of the property as well as the method of payment of the agreed amount. This agreement is necessary in case if the deal itself is prolonged in time, but it is not mandatory; • Obtaining by the buyer a Greek VAT identification number; • Opening for the buyer a bank account in Greece; • Creating of a notarial agreement of sale and purchase between the seller and the buyer; • Registration of a notarial deed of sale and purchase in the state register. After all these procedures, you become the happy owner of “House by the Sea”. View More »