In recent years the demand for property across Greece and the Greek islands from investors from Europe, the USA, Scandinavia, Asia, and other parts of the world has skyrocketed. This is due to the greek golden visa scheme and low cost of living. Quite often an investor can turn any greek property into a lucrative Airbnb booking business. Though oftentimes intimidating and difficult, the idea of selling your house in Greece may be both exhilarating and exciting. The choices you make during the real estate selling process may help you save time and money. This Article offers a guide to the home sale process that details each stage and includes suggestions on how to make your transfer go as smoothly as possible.
Needed Actions
According to Greek legislation, both Greeks and foreigners selling real estate must follow the same procedure. Whether you sell your house on your own by marketing worldwide or through a real estate agent, the procedure is the same.
Deeds, the property sale procedure
All Deeds and property drawings should be given by the seller to the agent, who will then deliver them to the buyer’s attorney and engineer (if applicable) so that they may conduct their due diligence and approve the purchase. Before deciding to sell, the owner of the property should hire an engineer to confirm the property’s legality and issue a legality certificate, which is required by law for the property selling procedure.
Green certificate during the selling of real estate
The seller’s engineer provides the green certificate (A), which is crucial to the sale of the property. Notably, the certificate is related to the property and not the owner and is valid for 10 years in accordance with the present law.
National Insurance: A Guide to Selling a Property in Greece
The property tax (ENFIA) and tax clearing certificates, as well as, if applicable, a National Insurance (IKA) Clearance, should be prepared by the seller’s accountant for the selling process.
Real Estate Transaction: Clearance Certificate
A clearance certificate () from the Town hall should also be acquired by the seller if the property being sold includes a building(s), since it is necessary for the property selling procedure at the Notary.
Greek Cadastre: The Process of Selling Real Estate
Depending on the region where the property is located and the particular laws that apply to the property area, additional certifications can be needed (Hellenic Cadastre, TOEB clearance etc.).
Selling a Property: Information
The aforementioned paperwork should be verified with the notary before the transaction since Greek law governing the selling of real estate may change.
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