Legal and Financial
are not Lawyers or Mortgage brokers, however our experienced team can
advise you from the initial stages of purchase on which of these professional
services that would best suit your individual needs.
you have decided to buy land or property, unlike many other European countries,
the procedure in Greece really is quite straightforward. From the outset,
you make a firm commitment, usually requiring the payment of a 10% deposit
to secure the agreed price. This payment will be fully documented, and
you can even insist that a full refund should be offered in the unlikely
event that title searches or other legal matters prevent the sale being
When the receipt is drawn in your favour, this confirms that the vendor
has been instructed to take the property off the market awaiting the completion
of the purchase contracts by both parties' lawyers. Once finalised, a
date will be agreed for you to pay the purchase tax, the balance of the
purchase price, and of course your legal fees.
will need a Greek bank account. Owning or renting a home in Greece is
no different to your current circumstances, bills need to be paid ! Utility
bills etc can all be set up and processed very easily. Most banks charge
nothing to set up an account, and can be arranged by telephone and fax
from your current address, with no need to be in Greece. Institutions
such as Piraeus Winbank offer full online banking with ATM access.
Because you are reading this page, you are probably considering purchase
or long term rental of property. Open an account NOW, we urge you not
to leave this to the last minute, especially if you live in a country
not adopting the €uro. This allows you to transfer money online to
your account when the exchange rates are favourable, ready for you to
pay on demand. We have clients who have lost thousands of
pounds sterling by not taking advantage of favourable exchange rates.
Please contact us for further details of how to open an account.
you are free to choose a lawyer of your own outside Greece, we would advise
you to engage a local Greek lawyer who is familiar with local issues within
the prefecture of your choice. They are more acquainted with planning
regulations, and usually will have already had dealings with our/your
architect and Public Notaries. We can recommend a number of lawyers who
are experienced in property law, including commercial conveyancing.
Your lawyer will carry out all the necessary searches to document full
and clean title. To ensure fair play, the lawyers are required to make
representation of all legal procedures before a referee known
as the Notary Public, who oversees the searches, and will not proceed
with any further transaction agreements until he is satisfied with land
registry searches proving a clean title.
A very useful means of representation with the Notary Public is the use
of Power of Attorney. This is agreed early in the proceedings, and gives
the lawyers of both parties the legal right to sign documents in your
absence, saving you the time and trouble of attending the Notaries office.
Once contracts are signed, your lawyer will pay the purchase tax and register
deeds in your name. At this point, you are the freehold owner of the property.
It is advisable that should you require sight of the contract in a language
other than Greek, you should request this when you pay the deposit, agree
a price for the translation, and exchange e-mail contact details allowing
you to view/agree the draft contract contents. This will prevent any unnecessary
Before completion, you should consider insuring your home,
and obtain quotations ready to pay your premium following signing, the
house is now your responsibility. You should also liaise with your lawyer
regarding the making of a Greek will following your purchase. You should
not rely on wills drawn in the country where you currently live.
Should you require financial help in funding your purchase,
the process of obtaining a mortgage in Euros is very easy, even if this
is not the currency adopted where you live. We have formed a partnership
with a respected financial institution, namely Conti Financial Services,
who specialize in financing property purchase all over the World. Should
you require a quotation, please click on the link opposite.
a home in Greece is really quite easy as long as you follow procedure
accept the Greek way !
We can help
you through the process of opening a Greek bank account.This can
be easily set up from your own country before you purchase your
an on-line account early in your planning allows you to benefit
from the best exchange rates
your legal team wisely is the most important factor in conveyancing.Recommendations
from our previous clients is often the best way.
should ask your lawyer to draw up contracts in your own language
as well as Greek. This will save unnecessary delays in completion.
Your UK lawyer will be your best freind !!!
Financial advise you to draw up a will in Greece.Your lawyer should
do this for you.
Click on this link to obtain a fast quotation from the market experts
in overseas finance and Home insurance.