Buying Property in Greece

During almost a decade we have helped dozens of families and individuals to successfully invest in properties on the beautiful island Crete and we have became a reference for quality service in the international real estate sector in Crete. As a Kreta Eiendom customer we assist you with all your necessary paperwork.

 

 

You need to acquire a Lawyer who will obtain a “Power of Attorney”, this will allow the Lawyer to sign any necessary papers in your absence. You of course, have the option to pick a Lawyer of your choosing in Crete. However, we also carry a catalogue of recommended Lawyers should you wish to retain one from our list.

 

In order to do this we first need to collect information and documents from you as a homeowner. This includes (but is not limited to):-

  • Copy of passports
  • The completion of a form – ”Personal Particulars” – necessary for the legal process

Power of Attorney

This document should be completed during your stay in Greece. The process itself is simple and uncomplicated. It will need to be passed to your chosen Lawyer. During your absence from Greece the Power of Attorney should be signed in the Greek Consulate of your Country. This, among other benefits, has the advantage of the document being issued in Greek. Therefore, no further translation is necessary.

If there is no Greek Consulate in your area, you can sign the Power of Attorney at a local Public Notary Office. However, in this case, it then needs to be authorised. Your Lawyer will send you a draft copy of the Power of Attorney, which you will need to fill in with the name and details of your representative. Upon completion these documents need to be signed and formalised at the Consulate or local Public Notary Office. Your Lawyer will:-

  • Open and issue you with a Greek bank account in your name.
  • Obtain a Tax Number (AFM).
  • Examine any encumbrances on the property.
  • Examine all registered contracts relating to the property.
  • Control technical drawings/plans on the property.
  • Make payments on your behalf.
  • Present the contract to the Notary Public Office.
  • Sign the final contract of acquisition on your behalf if necessary.

The draft contract for the Notary is prepared by the Lawyer. This will be handed over to a Public Notary, who performs the same investigations and information obligations as an authorised Broker/Lawyer.

Greek law requires buyers to obtain their own Lawyer when purchasing a property above 80.000 € which guarantees that the right procedures are followed. For this reason, you could claim that buying property in Greece is safer than in other Countries! You can however, deal with the purchasing process yourself. Although an option, unfortunately the cost of such will be no less.

Here at Kreta Eiendom we recommend that our customers use “Power of Attorney” – being that it is the easiest way to purchase a property here in Greece.

”By using Kreta Eiendom the legal process of buying a property will be much easier than you imagine. We just do it all!”

 

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Anthula Mumutzi
Lawyer, Kreta Eiendom

Contact information

Kreta Eiendom SA
Arkadiou 1
74131 Rethymno
Crete
Greece

EOT-license 1041E60000079301

Business Hours

(winter season)
Monday, Wednesday and Friday 9:00-17:00
Tuesday, Thursday 9:00-21:00
Saturday 10:00-15:00

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