How To Go About Buying A Plot In Greece

  • by XpatAthens
  • Tuesday, 04 October 2016
How To Go About Buying A Plot In Greece
People from other countries, either foreigners or Greek expatriates, have in the past been buying plots and lands in Greece and will keep purchasing in the future, especially now that prices have dropped so much.

Before you proceed to pay for and buy the plot in Greece which you have chosen, you must know all its characteristics, which determine its value. Such characteristics include the plot’s legal status, (if it is free of any type of legal burden or legal dispute), its dimensions and actual boundaries, as well as the zoning and building regulations, which apply in this particular area and in this particular plot, of this specific size and shape.

To learn and understand the above, a plot buyer in Greece must first retain a lawyer for a thorough title search. The lawyer will get in touch with the seller of the plot, or with his lawyer and with the real estate broker, if one is involved, he will review the deeds, titles and plot plans or survey maps of the plot, he will make a title search on the spot at the local land registry / cadastre, and will advise you on the legal conditions which apply on the particular plot you want to purchase.

In essence, your lawyer should be able to advise you whether to buy that plot or not, although in some cases the lawyer will outline some of the risk factors, which exist regarding the specific plot and will leave the final decision to you. Such factors might refer to a possible uncertainty on the title history of the plot, which may or may not cause property disputes in the future, to the existence of present or past adverse possession claims by the owner of the plot or a neighbour, to a dispute on the boundaries of the plot with a neighbour, to the proper registration of the plot with the local land registry or cadastre, to an update on the property taxes of the plot, to forestry or archaeological restrictions etc.

To read more, please visit: Greek TV