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  • Article

    Navigating The Greek Golden Visa: Investment-based Residency In The European Union

    Since its inception in 2013, Greece's Golden Visa program has emerged as a prominent avenue for non-EU nationals seeking residency within the European Union through investment.
    GreeceReal Estate and Construction
    Ballas Pelecanos Law
    Ballas Pelecanos Law
  • Article

    Buying Property In Greece – Legal And Tax Aspects For Swiss Investors

    When Swiss and other non‑EU nationals consider purchasing real estate in Greece, several legal and tax aspects should be taken into account.
    GreeceReal Estate and Construction
    ALTENBURGER LTD legal + tax
    ALTENBURGER LTD legal + tax
  • Article

    Due Diligence And Property Sale Contracts - Key Points To Consider

    Due diligence processes are extremely important in all types of acquisitions, real estate properties included.
    GreeceReal Estate and Construction
    Your Legal Partners
    Your Legal Partners
  • Article

    The Establishment Of The Greek Land Registry (the "Greek Cadastre")

    The Greek Parliament has passed the law governing the establishment of the Greek Cadastre whereby the owners of immovable property must now register the relevant...
    GreeceReal Estate and Construction
    I. Christodoulou & Partners LLC
    I. Christodoulou & Partners LLC
  • Article

    How A Large Percentage Of Properties In Auctions Are Acquired By Banks' REO Companies And Why This Practice Circumvents The Law

    Summary Banks and Servicers, through connected Real Estate Owned (REO) companies with minimal capital and significant debt, are purchasing properties that are auctioned.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Property Acquisition Through Compulsory Auction: Risks And Recent Reforms Strengthening The Position Of The Highest Bidders

    Interest in participating in compulsory property auctions is steadily increasing, and the initial moral hesitation of potential bidders is gradually fading over the years.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Buying Property In Greece: Part 2

    Now we highlight the transfer taxes and professional fees, which should be considered when purchasing property in Greece. Transfer tax is payable by the buyer and is calculated on the value of the land.
    GreeceReal Estate and Construction
    Moore Australia
    Moore Australia
  • Article

    Foreclosure Against Hotel Units: Creditor Practices

    In Greece, with its relatively well-developed tourism industry, there are hundreds of hotel units that are struggling to survive the various waves of economic crises, the pandemic, or the consequences of inflation.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Real Estate Rehabilitation Transfers Under Law 4738/2020 - Tax Exemptions And Relationship Formation

    According to Law 4738/2020, the rehabilitation process is a collective pre-insolvency procedure aimed at maintaining, utilizing, restructuring, and restoring the company...
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Real Estate Auctions In Greece: NPL Resolution, E-Auction Procedures, And Foreign Investor Access

    In the aftermath of Greece's financial crisis, the country's banking sector accumulated one of the highest ratios of non-performing loans (NPLs) in the European Union.
    GreeceReal Estate and Construction
    Michael Kyprianou & Co. LLC
    Michael Kyprianou & Co. LLC
  • Article

    The Four (4) Critical Risk Areas When Entering Into A Commercial Lease Agreement

    Special attention is required in practice when drafting a commercial lease, particularly from the prospective tenant's side. Given the typically high rent agreed upon in such leases...
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Real Estate Investment Companies (REICs) – Establishment Requirements And Incentives

    Real Estate Investment Companies (REICs) are legal entities with a specific investment purpose: acquiring and managing real estate, as well as related rights and participations.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Rent Charges And Expenses: Which Ones Does The Tenant Pay And Which Ones Does The Lessor Pay?

    Summary: When a property lease agreement is concluded, the lessor undertakes the obligation to grant the use of the leased property to another person, the lessee, in exchange for consideration, namely rent.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Restrictions Imposed On Short-Term Property Rentals In Greece – What Are The Points That Prospective Investors In Greek Property Should Take Into Account

    Greece has introduced significant restrictions on short-term property rentals, particularly affecting properties in central Athens municipal districts. Understanding the registration requirements, administrative penalties, and recent regulatory changes is crucial for anyone considering investment in Greek real estate for short-term rental purposes.
    GreeceReal Estate and Construction
    Michael Kyprianou & Co. LLC
    Michael Kyprianou & Co. LLC
  • Article

    Analyzing The Greek Property Market

    Over the past few years Greece has emerged as one Europe's most enticing investment destinations...
    GreeceReal Estate and Construction
    LINCOLN GLOBAL PARTNERS - FZCO
    LINCOLN GLOBAL PARTNERS - FZCO
  • Article

    Highest Bidder's Protection And His Rights In The Event Of The Auction Being Cancelled

    The role of the highest bidder is pivotal in the completion of the process of enforcement for the satisfaction of monetary claims and the auction.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Purchase Of Real Estate And Material Defects: What A Prospective Buyer Should Know And How They Can Protect Themselves

    In this article, we examine what constitutes a "material defect" in the sale of real estate, the risks its existence entails for the buyer, and the rights granted to them under the applicable Greek law...
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    New Spatial Planning And Urban Development Code ‘Nikolaos Tagaras’: Law 5306/2026

    On 8 June 2026, Law 5306/2026 was published, ratifying the new Spatial Planning and Urban Development Code1 (the Code). The Code comprises 477 Articles and consolidates 181 separate legislative instruments — some dating back to the 1923 decree on city plans — into a single, coherent and systematically organized text.
    GreeceReal Estate and Construction
    Bernitsas
    Bernitsas
  • Article

    The Fate Of The Property Lease After The Auction - The Possibilities Of The Successful Bidder

    With the number of auctions conducted increasing rapidly in recent years, the question of what happens to the lease of the auctioned property is being raised more and more frequently. Does it still apply?
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Buying A Property And Becoming A Resident In Greece

    Are you dreaming of owning your piece of paradise in Greece? Whether as an investor or for residential purposes, you have access to a captivating real estate market that offers...
    GreeceReal Estate and Construction
    Michael Kyprianou & Co. LLC
    Michael Kyprianou & Co. LLC

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