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ARTICLE · 11 NOVEMBER 2011

Buying Property In Greece - Update

Greece is and will always be very attractive for foreigners who are interested in buying real estate property abroad.

CyprusReal Estate and Construction

INTRODUCTION

Greece is and will always be very attractive for foreigners who are interested in buying real estate property abroad. Especially, in the light of the financial crisis that Greece faces, it seems that the next two years will be a period that great opportunities may appear for persons who seek to invest in immovable property in Greece or simply want to buy a holiday or retirement house in one of the various Greek resort areas.

FIRST STEP

As a first step it is recommended to get in contact with a reliable real estate agent to help you find a property which corresponds to your needs and secondly to obtain legal assistance at the very beginning of the transaction. Apart from the fact that according to the Greek Law, the presence of a lawyer is obligatory during the drafting and signing of the sale's contract, legal assistance is necessary in order to avoid any possible complications and have a clear view of all legal aspects related to the purchase or

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