After finding the property that is to your liking, we have to follow the procedure below in order to sign the final contracts:

Firstly a lawyer, acting on your behalf, ought to conduct a search at the competent Land Registry and Land Titles Office for the ownership titles of the property so as to check that the property for sale is  free of liabilities and then to ensure your interests upon composing the sale and purchase agreement.

A civil engineer or an architect, acting on your behalf, ought to search in the case of property land/site: the right boundaries, the building permit and the building terms applied to it, and  in the case of an exisiting building: its legality, its building statics and its construction quality.

A private agreement is signed between the buyer and the vendor and a deposit is paid. The agreement clearly states: the total cost of the property value – the deposit amount- the amount due payoff – potential constructional interventions in case of an existing building – the deadline for final signing of contracts – and the conditional clauses applied to the buyer and vendor in case of one’s withdrawal. In case you cannot be present yourself for signing the private agreement, an authorised representative can act on your behalf.

Before signing the  final contract, it is advised to inform your accountant for your intentions. He/She will inform you for the current tax legislations, the current tax obligations as well as for the existing submission deadlines for the tax forms (E1, E9, etc.).

The notary, collaborating with the lawyer, the civil engineer/architect and the accountant, will compose the final sale and purchase contract which will be signed on the date appointed by the private agreement. Additionally, the notary will compose the Tax Conveyance Form and he/she will inform you regarding the Tax amount and the rest conveyance expenses that you are asked to cover (VAT, re-registration  to the Land Registry/Land Titles Office, etc.).

If you do not reside in Greece, you will also need to follow the next steps:

  • Acquisition of a Greek tax number (A.F.M.)
  • Submission of annual tax form (As all Greek citizens, even though you reside in another country, once you acquire property in Greece, you are obliged to submit annually a tax form and pay any taxes.

Further guidelines will be given to you for completing the above steps.

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