22 August

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Purchasing Property in Greece by a Foreign

Purchase Property in Greece - Economou & Economou law office the best real estate lawyers in Athens Greece econlaw@live.com (+30)2103603824

Purchase Property in Greece Greece is one of the top choices for European citizens and citizens of third countries looking to acquire residential or commercial properties, whether in Athens, major urban centers, or vacation homes in the mainland and islands. Additionally, many foreign investors are interested in purchasing or developing large properties for commercial or business use, particularly in the tourism and entertainment sectors. Key Prerequisites for Purchasing Property in Greece by a foreign person or company: The most fundamental requirement, which should be mentioned first, is that any prospective buyer looking to purchase property in Greece must have or obtain a Greek...

17 November

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How much does it cost to purchase a house in Greece?

Posted by EconlawAdmin

in Real Estate Law

House Purchasing in Greece - Economou & Economou law office the best real estate lawyers in Athens Greece econlaw@live.com (+30) 2103603824

House Purchasing in Greece The more knowledge a buyer has regarding purchasing a house in Greece, the better. Here at Economou & Economou Law Office, we've provided a clear, concise breakdown of the expenses related to obtaining your ideal home. The top real estate attorneys in Greece at the Economou & Economou law office in Athens are available to assist with procedure management and to walk you through each step of the way. Check out what people are saying about our top-notch services. Generally speaking, fixed buying costs for investors are 5.6% of the purchase price; however, this percentage may go up...

18 November

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Buy a house in Greece as a foreigner guide 2024

Posted by EconlawAdmin

in Real Estate Law

Buy a house in Greece in 2024 - Economou & Economou law office the best real estate lawyers in Athens Greece econlaw@live.com (+30) 2103603824

The process to buy a house in Greece Considering to buy a house in Greece? Undoubtedly, investing in buying a property in Greece is going to be the best decision you will make so far. However, there are some risks with the procedures and legal system during the whole process of selecting and buying it. So, the most crucial thing to do before starting off is to do an In-depth research and find the best real estate specialized lawyer to assist you through the whole transaction procedure, otherwise, you too might fall prey to dangers like failing to protect yourself legally, currency...

04 November

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Resident investment permit in Greece to foreign subjects, owing real estate in Greece

Posted by EconlawAdmin

in Real Estate Law

Resident investment permit in Greece - Economou & Economou best golden visa law office in Athens Greece

How to obtain resident investment permit in Greece? If you dream of classical Greece! , make your dream come true by buying and living in your own house in modern Greece either in its over 3000 islands or in its mainland…..Greece, who nowadays, celebrates over the 200 years anniversary of its independence, is still teaching the world how working slaves could become free enjoying their freedom, under the generous ever shinning sun of eternal Greece. Allow us to investigate with you dear Greek friends, either EE, citizens or non in simple steps what you would need: Step number one : Tracing the real estate in...

03 November

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Mortgage process and requirements to buy a house in Greece.Terms and Interest Rates.

Posted by EconlawAdmin

in Real Estate Law

Mortgage process and requirements to buy a house in Greece - Economou & Economou law office the best real estate lawyers in Athens Greece econlaw@live.com (+30)

If you intend to purchase a home in Greece, you have undoubtedly given some thought to how you would pay for it. A mortgage could be a common option, depending on your country of origin. It's not a simple task for a non-resident to obtain a mortgage in Greece, but it's helpful to know how the procedure operates.We shall outline the overall procedure for obtaining a mortgage in Greece; however, each bank's procedure may vary and be subject to annual changes. Mortgage rates in Greece typically range from 3.0% to 6.5%, depending on the bank (December 2023), and the terms...

01 January

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Judicial Distribution (CC 799)

Posted by EconlawAdmin

in Intellectual Property Law, Real Estate Law

Judicial Distribution - Economou & Economou law office the best real estate lawyers Athens Greece econlaw@live.com (+30) 2103603824

If not all the co-owners agree to dissolve the co-ownership by distribution, each co-owner can request judicial distribution (CC 799) according to the provisions of the CCC. Judicial distribution is the distribution caused by the filing of a lawsuit and occurs with the issuance of a court decision, which orders either the distribution itself or the sale by auction according to the terms of the law (EphAθ 4127/2001, ElΔνη 2003 1401. Papasteriou, EmbrD, II, § 66, No 150. Papasteriou, in Georgiadis/Stathopoulos CC, Art. 1887, no. 39. N. Psouni, KlerD3, I, p. 517). The court may choose one of the following indicative forms...

22 August

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Purchasing property via auction

Posted by EconlawAdmin

in Real Estate Law, Uncategorized

Purchasing property via auction - Economou & Economou law office the best real estate law office in Athens Greece econlaw@live.com (+30)2103603824

Purchasing property via auction Although the initial bid price in an auction usually corresponds to the property's market value and does not always offer exceptional purchasing opportunities, the transparency of the electronic auction system has increased buyer interest. Financial institutions have created a dedicated website (landea.gr) with more information and search capabilities compared to the official public database (e-auction.gr). However, the alignment of the initial bid price with the property's market value may indicate that there is no significant opportunity, as the forced sale price is typically lower. Risks for the successful bidder remain. Despite the low adjudication price, the new owner...