Buying Property in Greece

Over the past twenty years, Kreta Eiendom, has helped dozens of families and individuals successfully invest in properties in Crete. Our highly rated services and professional knowledge around every aspect of property acquisition has made us a reference in the international real estate sector, in Crete. As a Kreta Eiendom customer, we are able to assist you with all your necessary paperwork and the legal process.

 

 

You need a representative lawyer who will obtain a “Power of Attorney”, this will allow the Lawyer to sign any necessary papers in your absence on your behalf. Every customer has the option to choose a Lawyer of his preference 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. This includes (but is not limited to)

  • Copy of passports
  • The completion of a form – ”Personal Particulars”.

 

Power of Attorney

This document should be completed during your stay in Greece or, in case you are not here, can be sent by e mail.  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 you are in Crete, you can visit a local public notary with your lawyer. If you are not in Crete or the time is too short, you can choose either a Greek Consulate in your area, either a local Public Notary Office. However, in this case, it then needs to be authorized. 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 formalized at the Consulate or local Public Notary Office. Your Lawyer will:

 

  • Obtain a Greek Tax Number (AFM).
  • Open and issue you with a Greek bank account in your name.
  • Check any encumbrances on the property.
  • Check all registered contracts relating to the property.
  • Can make payments on your behalf through the above account
  • 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 and is issued and signed in Greek.

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

Monday: 09:00-17:00
Tuesday: 09:00-21:00
Wednesday: 09:00-17:00
Thursday: 09:00-21:00
Friday: 09:00-21:00
Saturday: 10:00-14:00

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