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Buying a property in Crete

There are a number of steps and statutory checks that have to be carried out before a property purchase can be successfully completed. Your lawyer must know these, and only advise you to go ahead when they are satisfied with the checks. A further safeguard exists in the form of the Notary Public, who will not proceed unless all is satisfactory.

Check title/debts

The vendor must be able to prove they have "clean" title in order to sell the property. This means that anyone with an interest in the property under Greek inheritance laws, must also agree to sell. A typical situation is where a rich brother says "No", when the other brothers and sisters have agreed - in which case the property cannot be sold until negotiations change the situation.

The vendor may or may not have a formal title deed. Often with older properties, it is legally deemed that the vendor has title after using the property for a number of years. The vendor will need to provide documents to confirm this.

The property, vendor and the purchaser must be free of any tax debts, such as tax arrears due to previous under-declaration of property size. The vendor and the purchaser must be registered for Greek taxes before the purchase can proceed.

Saturday May 27, 2017
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Office
Kampouri 4
Kissamos • Crete
Greece

Phone/fax
+30 28220 22585

Mobile
+30 697 445 8179 / 80

Postal address
CPH • PO Box 2
Kissamos • Crete 73400
Greece

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Licensed Greek real estate agents
Registered at the Chania Chamber of Commerce
Members of Chania Estate Agents Association
for assured property in Crete
We are members of SY.ME.NO.X

 

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