The first step to purchasing property in Greece is to hire a real estate attorney. He will be responsible for preforming due diligence and ensuring the protection of your interest in the transaction.
Once you have selected a property and the seller has accepted your offer your lawyer will draw up an initial purchase agreement. Both parties will sign and you must pay a percentage deposit to reserve the property. Your lawyer must check if there are any charges on the property, if the construction followed government planning regulations, and all taxes due have been paid by the seller. When the results are to your satisfaction, proceed to settling the remaining balance and necessary government duties.
Closing usually takes approximately four to six weeks. You must obtain copies of the title from the seller. It is our responsibility to hire a notary public to prepare the contract deed, ensure it has been drawn up correctly, and oversea the finalization of the purchase. Both parties must sign the contract deed in the presence of the notary who will verify and register the transaction in public records. This requires you to present a valid passport, your Tax Registry Number, and a special permission to purchase (if necessary).