Frequently Asked Questions
- Can anyone buy a property in Crete?
- Do you require a residence permit?
- Do you require Tax Registration?
- Can you get a mortgage easily in Greece?
- Do I need a Greek bank account?
- What are closing costs?
- Is it necessary to have a Public Notary?
- Do I really need a lawyer?
- What does Topography mean?
- Do I have to sign a contract personally?
The answers to the FAQ’s are in an advisory capacity only.
Answers to FAQ’s
- Yes, EU citizens do not require a permit. However, non EU citizens must apply to the Greek Embassy?
- Yes, however, it is only a formality and can be arranged for you if you give your lawyer power of attorney.
- Yes, but this can be arranged easily by your lawyer.
- Certainly. We provide mortgages through internationally recognized banks at competitive rates. Either P 60 payslips are required or your Tax returns if you are self employed and a valid passport. In addition, approximately 25% of the property cost and closing costs need to be covered prior to the release of any funds.
- Yes, it will be necessary for the transfer of funds.
- Closing costs are the amount to be paid to lawyers, civil engineers/public notaries prior to purchase. It is advisable to assess the cost at the earliest opportunity. However, it could be estimated at about 14% of the purchase price.
- Absolutely, without a Public Notary present at the signing of contracts they are not classified as legal. Public Notaries are representatives of the Government who are required to prove the purchase transaction.
- Certainly. They will guide you through the maze of do’s and don’ts so that you can feel assured that your property is legally yours and everything is above board.
- This is the site plan marking the boundaries. These are kept at the land registry as part proof of ownership. This is another task which your lawyer will assist you with.
- Not necessarily. If you give the power of attorney to your lawyer they can sign on your behalf.
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