Contact us:
T/F: +30 28210 59644
M: +30 6937 048306

E-mail: info@crete-property-purchase-law.eu
60, Sfakion St., Chania, Crete

Frequently Asked Questions

  1. What is the first thing, that a purchaser must do, when he/she decides to purchase a property?
  2. Which are the steps, of the purchase contract?
  3. Why do I need to get a Tax Number?
  4. Do I have to make a will?
  5. What do I need to bring with me, when I decide to buy a property in Greece?
  6. What is the first step, we must do before we purchase?
  7. Which is the most important thing, when someone purchases a house?
  8. What are the expenses involved when someone purchases a property?
  9. When someone, wishes to buy a plot of land and construct a house, (two in one) through a construction company, what he must do in order to secure his deposits?

 

1) What is the first thing, that a purchaser must do, when he/she decides to purchase a property?

The purchaser, before deciding which property wishes to purchase, must always visit before his/her lawyer first. In case he/she has not visited his lawyer first, and has chosen the property where he wishes to purchase, must never, sign any kind of agreements, or give deposits.

2) Which are the steps, of the purchase contract?

The purchaser, must give power of attorney to his/her lawyer. This power of attorney, has the order to purchase property. Whatever property the client wishes to purchase. So, in case, something goes wrong, and the purchaser, does not wish to go through with the certain property that he has chosen, the certain power of attorney is valid, for any property. With this power of attorney, the purchaser gives also the order to the lawyer, to get for him, a TAX number, to open a bank account for him, and also to be able to handle all the bureaucracy involved, with the Tax office, regarding the purchase, and always sign on his behalf the contract, without the purchaser being present, in case the purchaser is abroad. In case, the purchaser wishes to purchase a plot of land, and then build a house on it, the same power of attorney being given, will contain all the orders, regarding the City Planning service, the IKA (insurance of the workers), all the Public Services e.t.c.

3) Why do I need to get a Tax Number?

Whatever assets you have here in Greece, you must always get a tax number. Even for buying a vehicle. And of course, when you have assets here in Greece, once a year you must make a tax return.

4) Do I have to make a will?

In the UK, when we have a house on joint names, between a couple, if one dies, the % goes to the other. In Greece, this does not happen. So, for any assets, you have in Greece, you must always make your Greek Will.

5) What do I need to bring with me, when I decide to buy a property in Greece?

You must have photocopies of your passport. In order to open a bank account, you must have your P60s plus an electricity bill or a water bill. The necessity of the P60s and of the electricity bill or water bill or phone bill, is a new regulation, which was put in act, to all the Greek Banks, because they need to know, if you actually reside abroad. So, whoever decides to buy property, must keep his/her own P60s and an electricity bill, or water bill or phone bill.

6) What is the first step, we must do before we purchase?

Our first step, is to ask, the titles from the seller, the topographs, and if there is a house also the building permit. The lawyer, must do a research to the registry office, in order to verify that the property is completely clear. After he has done so, the purchaser can give a deposit to the seller, usually they ask the 10% of the purchase price to secure the agreement. For that reason, the lawyer prepares a precontract between the two parties.

Because the lawyer can only check, the legal status of the property, we always advice our clients to employ a civil engineer in order to check if the topograph is correct, by visiting the site. And also if a building permit can be issued, in case the client wishes to build a house. When the client wishes to purchase a house, the civil engineer, must not only view the property, but must also, make a research through the City Planning service, that everything is correct regarding the building permit, that we have permanent electricity and all the IKA (worker’s insurance) is being paid.

7) Which is the most important thing, when someone purchases a house?

The most important thing is to check, that the electricity from temporary is permanent and also that the seller, has paid, the insurance of the workers the IKA. The engineer will provide us with a report, regarding the situation of the house.

8) What are the expenses involved when someone purchases a property?

The purchaser, must pay, his lawyer, the notaries fees, the registry office fees, the tax, his agent fees (if there is an agent) and his engineer’s fees (if they ask to employ an engineer to make a survey).

9) When someone, wishes to buy a plot of land and construct a house, (two in one) through a construction company, what he must do in order to secure his deposits?

We always advice our clients, for every stage payment, when the company says, that the stage is being completed and they ask us to send the next stage payment, to employ an engineer, in order to check that every stage is being completed. If they do not wish to employ an engineer, we always advice them, to make a trip and see that the stage is actually being completed. So, in case, the stage is not being completed, we do not release the next stage payment.

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