OCEAN-16, Step-by-step property buying procedure

1. Offer & Preliminary Agreement
Upon acceptance of your offer, a preliminary agreement shall be executed. This agreement serves as a formal indication of your commitment to the terms outlined in the offer, and it marks the beginning of the process of finalizing the transaction.
2. Property due diligence
It is advised that a partnering law firm or a professional of one's choice be engaged to conduct property due diligence
3. Legal Authorization
If you are not a resident of Greece, or if you have requested assistance with matters such as the issuance of a Tax Identification Number or the opening of a bank account, it may be necessary to execute a legal authorization.
4. Acquisition Process
The process involves the finalization of the purchase and the signing of the purchase contract.

Contract fees & expenses

Contract fees & expenses
The following legal fees are applicable in the context of property transactions and work approximately as 10% over the buying price::

1.Notary Fee
2.Property Transfer Tax
3.Registration Fee
4.Lawyer Fee
5.Real Estate Fee
6.Land Registry Fee

Payment Stages for Contracted Project

Payment Stages for Contracted Project
20% payment upon reservation
30% payment upon completion of the bearing structure
25% payment upon completion of plastering
15% payment upon installation of aluminum frames
10% payment upon property delivery