Regional Restrictions

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Not only Greek citizens, but also foreigners, both citizens and non-citizens of the European Union possess the right to buy property in Greece.

First of all, you need to keep in mind that the procedure does not differ from that of purchasing property in other countries, except for a single condition - real estate in those areas of Greece which are defined as borderareas of great strategic importance can be purchased only after official approval of the Ministry of National Defense of Greece.

Historically border zones are: Dodecanese Prefecture, Evros,Fesprotia,Kastoria, Kilkis, Lesvos, Xanthi, Rodopi, Preveza, Samos, Chios and Florina, Drama Prefecture Nevrokopi province, pursuit and Konitsa Prefecture Ioannina, Prefecture Almopia and Edessa Palley and Sindica Prefecture of Serres and the islands of Skyros and Santorini.

If earlier homebuyers - citizens outside the EUshould submit the documents to The Ministry of Defense, which in turn sent them to other agencies then now all these authorities are transferred to the regional committees specially created for this purpose and consisting of the general secretary and members-representatives of the Ministry of Defense, National Security and Development. The procedure of obtaining a permit does not exceed 2 months.

Under the new law of 01.07.2011 which was supported by the Greek Parliament, the most popular among foreign property buyers’ prefectures of Thessaloniki, Halkidiki, four prefectures of Crete, Corfu, Cephalonia, and Grevena, Kozani, Imatia, Pieria Kavala stopped to be regarded as the border areas for real estate transactions.

Now, the procedure of acquisition of property by foreigners in the above regions will not be different from that one exercised by Greek citizens and property registration of real estate can be obtained for just one day.

The purpose of this legislative initiative according to the Ministry of Defense is to eliminate bureaucratic obstacles and strengthening the investment climate in the country.

Besides there are some limitations of the acquisition and use of real estate which apply equally to Greek and foreign citizens (referring to forests, nature reserves, archaeological sites, etc.), the list of which can be found at the lawyer.

Among other things the law DOES NOT ALLOW:

- to acquire or build property in a protected archaeological site;

- to build barriers between the ownerships in a forest;

- to transfer part of forest ownership in third parties’ possessions;

- to acquire ownership of the coastline or the coastal zone;

- to build on the land, located in nature reserves;

- to build property closer than a certain distance from the sea.

Our lawyer shall make the necessary verification of compliance of the houses to all therequirements mentioned above on the basis of all the documents for the objectincluding:

  • Permit (license) for construction;
  • Certificate from the municipal department of urban planning, forestry archaeological department (depending on the area) and electricity provision service;
  • NotaryAct;
  • Topographical plans and architectural drawings;
  • Certificate of object categories (A, B, C, D) energy efficiency (from 1st July 2011).
  • Certificate from the State Land Registry ofcompliance of ownership titles.

Last Updated on Wednesday, 09 October 2013 17:10

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