Frequently Asked Questions

• Since I am not a Greek citizen, is it possible to buy property in Greece?

Yes, of course it is.
If you belong to a country-member of EU you are under the same legislation as a Greek citizen. If your country is not a member of the EU, the procedures differ and we are willing to inform you accordingly as long as we know your nationality.

• What documentation is required as being a buyer?

Card of identification/passport in validity
AFM (Greek equivalent of National Insurance number) which is provided to you by request from the local IRS (Internal Revenue Service)

• What are the legal requirements when buying or selling a property?

Above all, there must be a contract for selling or buying a property in order for it to be a legal purchase. Τhe permission for such action is given, by law, to notaries. Hence, each contract/transfer of selling property is a notary’s obligation. The lawyer examines the titles of the property of the seller and together with the rest documentation, he brings them to the notary who is incharge of forming the contract of selling or transferring property. The whole action is being registered in the relative records of the notary and only then it is considered valid.

• As a future buyer and not knowing the greek language, how can I be sure for the validity of the documentation transmitted for buying property?

This is secured once a law representative, a lawyer, is obliged to investigate and examine all the titles of the property meaning them to be legal and wholesome so as to proceed to the final contract. The onor of the lawyer is furthermore to complete the transition of the property to your name through the local authorities.

• Which is the documentation required in order to sell property?

The seller must bring all the legal documentation to the lawyer, for example:
Titles of the property
Certificate of the transfer to the Registry of Mortgages
Quadrant diagram and plans
Certificate of the local Inland Revenue Service
Certificate of the Land Registry

• What are the expenses for buying property?

When buying property you will have to add extra expenses to th real value of the property and that is :
Transfer tax
Municipality tax
Public notary
Lawyer’s fee
Registry of Mortgages

The expenses are being calculated as a percentage to the objective value of the property ( 18-20%) and not to its real value.

• What could be the cost of buying property in Greece?

The value of a property in Greece is divided into two meanings. The real value of a property which refers to the expectation of the seller and differs from place to place based on the demand and supply.
The objective value of a property is based on the criterias set by the inland revenue authorities for a certain period of time and for certain places. The objective value sometimes approaches real value but as a rule the former differs significally ( 50% lower ).So on the transfer/contract of property is done when the value is not lower than what the objective is.

• What are the terms and conditions when buying a property?

Upon reaching an agreement with us (Kavi Club SA) under our terms and conditions, you hereby agree to the following procedures:

1. To pay 1% of the asking price of the property you agree to see, as a deposit. Should a property be purchased under our supervision, this amount will be deducted from our commission (2%).

2. As Travel Agents in Greece, we (Kavi Club SA) can make all necessary travel & accommodation arrangements for your stay in Greece whilst you view the property. Please note that prices for hotel, ferry, car rental and other arrangements are offered upon request.

3. We (Kavi Club SA) will provide a representative to guide you around the property you wish to see. If the property does not meet your expectations, our representative will be authorized to show you similar ones in the area on availability.

4. If no properties you see meet your requirements we will be in contact and can arrange for you to see a second representative if available in the area.

5. Each representative will be at your disposal for a maximum period of 3 days.

6. Should you purchase one of the properties that you have viewed under our supervision, you will pay us (Kavi Club SA) 2% of the property price. Your deposit will be deducted from this amount.

7. Should you NOT purchase any of the properties you view under our supervision, we will refund your 1% deposit minus service charges which apply as follows:
- For properties up to €150,000 we charge €500
- For properties over €150,000 we charge €750

DISCLAIMER
These terms and conditions become in affect once a deposit has been made on your part. If these terms are violated at any point, Kavi Club SA reserves the right to retain the whole deposit.

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