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Dear Visitors,

Look around you and you will find a plethora of options (including many banks, brokers, constructors etc). Thus, when buying a property you have to be careful. A research, namely, in all the stages of the procedure. Next, we will try to answer to your frequently asked questions that concern almost all the buying or selling procedure with the aid of specialized professionals. With the hope that this page will be useful for you, I wish you the best…

Elisa Salpea.

Loans

The basic documents requested from the banks so as to proceed in the loan are:

For Greeks:

• Salary Statement
• Ε1
• If you have in your position another property: Ε9
• If you have any bussiness in your name, the Act of Initiation of your bussiness, from the Tax Office
• Identity card or Passport

If you are non-Greek, the same documents are requested, plus:

• Your Stay Permit
• Your Work Permit

Advice

Before even start looking for a residence make a market search in at least two or three banks, having with you your Salary Statement , the Ε1 and the Ε9 if you have one, and see how much money the bank can approve (having of course the bank's terms and conditions in mind). Thus, you can have a more realistic view of the property that you will purchase.

Contracts

In the Contracts, the objective value of the property is referred as value.

The procedure is as follows:

1. If the contract is referred to as a first residence,(see next - first residence), the Buyer has to bring only his ID card and the documents of the Tax Office.
2. The Seller has to bring along:
   1. Tax Clearance .
   2. Insurance Clearance (if he has personel, if he is the director or the member of the directing board of the company or if he has had something built in th elast 10 years.
   3. Property Tax (ΤΑΠ), which is paid in the Municipality where the property belongs.
   4. A certificate of Settlement from the Municipality.
   5. A certificate stating that no tax is pending from the seller, if the property was inherited or granted or gifted from his parents after 1990 - from the Tax Office that the inheritage, benefaction or parental benefit was certified.
   6. Certificate of Property from the Municipality (if the area is new in the area development plan) and a certificate that the seller has no obligation in land and money.
   7. A recent topographic plan if it is a land lot according to law Ν5177/1337 of 1982 or recent floor plan if it is already erected (flat, house, etc.) - (First Residence).
3. Cost. Apart from the lawyer costs, the cost of the Contracts is paid exclusively from the buyer.
   1. Lawyer. The lowest fee for each side (buyer and seller) is the Note of Levy of the Lawyer Fee which is:
      • 1% for property value up to 44,020.50 euros.
      • 0.5% for property value up to 500,000 euros.
   * 35% from this fee goes to the Lawyer Association.
   2. Notary. The Mixed fee of the Notary is the 1,20% of the Objective Value of the property, plus 4 euros for every contract paper after the second. Moreover, there is the cost of each copies needed, except from the first two copies (one for the buyer and one to be given to the Land registry). There are extra costs for Certificates and other documents needed.

We would like to thank Mrs. Mela Anna Maria, Lawyer, Piraeus and Mrs. Michalopoulou Kyriaki, notary, 6 Asklipiou Str., 3rd floor, Athens 10680 Tel. +30 210 3636346, Fax: + 30 210 3630958