Our property for sale section offers a wonderful
selection of properties for sale throughout Middle-East
, Europe, Asia, USA, Africa ( citizens ,individuals,
companies or corporations) . With a strong pound
currently creating a very competitive marketplace,
now is the ideal time to buy your overseas holiday
property. The freedom and flexibility to come and
go as you please, has long made villa holidays a
popular choice for holidaymakers. Ownership increases
that freedom with the ability to visit whenever and
as often as you wish Our company is responsible for
obtaining all the planning permissions for the construction
of a villa or a complex and to accomplish any further
development according to any personal needs, under
any circumstances.
·
The citizens of the European Union can buy property
in Greece whenever they want. Legally they are treated
by the Greek government in the same way as Greek
citizens.
·
A lawyer takes care of the legal interests of the
prospective buyer, especially in his absence. Furthermore,
he checks the legal position of the building or land.
Of course, any possible mortgage on the respective
property has to be verified. As such the land register
must be checked.
·
There are four different kinds of records which must
be checked by the buyers lawyer before the purchase:
·
All transcriptions ( the copies of the notary contracts
) are collected in the Transcription Records.
·
The mortgages of the property are recorded in the
Mortgages records. The possible legal encumbrances
are found in the Vindication record and the categories
of sequestration orders are shown in it also.
·
In the case of a commercial real estate purchase,
the present legal constitution of the respective
company must be examined. The confirmation of the
Forestry Office that the property is not on public
land must be obtained before the purchase of the
property by legal action. In addition, the title
pursuance ( transfer of ownership ) must be carried
out.
·
For the properties we offer, usually these necessary
examinations are completed or are in the procession
of completion. When a prospective client has decided
on a specific property, he can issue power of attorney
to a lawyer of his choice ( A power of attorney should
be issued only to a professional jurist ). This power
of attorney enables the lawyer to sign the contracts
on behalf of the buyer.
·
The contracts are drawn up in Greek, but they can
be translated into any other language as required.
We recommend in any case the translation of the contract
into German / English and before the date of signing
at a Notary Public to re-check its correctness.
· Before signing the final notary contract,
preliminary contracts are often drawn up and signed,
but for the final signing a notary contract is obligatory
in order to acquire the possession of the real estate.
·
The preliminary contract specifies to a large degree
the content of the final contract and for this reason
a lawyer should be involved already at this point.
Before signing the contract the local Tax Office
( in Greek: Eforia carries out an estimated value
fixing of the property. The property tax is based
on this amount. Currently this is about 12% of the
estimated value in Greece.
·
Normally the Tax Office estimate is lower than the
market price, in following the tax burden decreases
for the buyer / seller. Before the transfer of the
property on your name, we apply for a Greek tax registration
number from the local Tax Office.
·
Upon receiving the tax registration number it must
be submitted to the Notary Public, after which the
property can be transferred to your name. The property
may be resold and bequeathed in the same way as in
Germany. The use of the lawyer can have a favourable
influence in lowering the estimated tax value.
·
The contract will be drawn up by the Notary Public.
After signing the contract at the Notary Public the
changed ownership of the property will be entered
into the relevant records.
·
If you wish, we can accompany you up to and including
the signing of the final contract. This service is
free of charge, where the purchase is EUR 100.000,00
and more.
·
One of the secrets of buying real estate from outside
of the Greece is the loosening up of laws regarding
imported funds. In Greece, the buyer pays a government
transfer tax based on the amount of the sale. This
usually runs about 9%. It is a tax paid on the transfer
of the ownership. However, any property bought with
funds which are brought from outside of Greece for
that purchase is NOT taxable. So the price for any
land bought this way can be substantially less than
if the funds came from within Greece. This also applies
to anyone with Greek lineage even though not a citizen
of Greece.