Buying property in Greece is different than in many other parts of Europe, but is certainly not difficult. Kreta Eiendom’s personal service includes guiding you through the whole purchasing process and beyond.
The simplest way to buy property as a ‘Non Resident’ in Greece is through ‘Power of Attorney’. As all buyers are required by law to have legal representation when purchasing real estate, you will need to retain a lawyer whether you chose to use the power of attorney process or not. If you don’t already have a lawyer we can assist you in finding one.
We recommend that you chose the Power of Attorney option as it allows the whole purchase and construction process to be completed quickly and simply in your absence. Your lawyer will be able to open a Greek bank account in your name, obtain an obligatory tax number (AFM), make payments on your behalf and deal quickly and efficiently with any paper work pertaining to the purchase and construction of your home.
To instigate Power of Attorney you simply need to complete a form with your personal details and provide a copy of your passport(s). The Power of Attorney will need to be stamped by the Greek Consulate. If you don’t have a Consulate in your local area we will inform you of a simple alternative procedure when the time comes.
If you would like further information regarding the benefits and procedures to obtaining a Power of Attorney please do not hesitate to contact us.
Please note that the majority of legal documentation pertaining to property transactions is in Greek. Although a verbal translation is always provided, any official translation of such documentation will be at the buyer’s expense.