The Legal Process of Buying
The Costs of Buying
Choosing a property
Hellenic Homes has invested heavily in securing a land
bank of prime building plots, where each site is of special interest.
We do not
build overcrowded estates, but take pride in constructing traditional style
houses on small, exclusive developments, where space is used to create privacy
between each property.
New houses on Hellenic Homes' exclusive development sites.
purchase of village property and professional renovations to meet building
standards within a fixed cost.
land with planning consent for a purpose-built dream home.
The Costs of
development sites of new homes, a 10% deposit is required on signing the
contract. This money is held by your lawyer. The remaining balance is then
required on completion. However, should you wish to take advantage of a
handsome discount off the purchase price, then three stage payments are
written into the contract, which are triggered only AFTER a specific
stage is completed. This stage completion date is also written into the
purchase contract for your security.
buying an old property, or plot of land, the full price is paid on completion
of the contract, which gives you clear title of ownership, with a planning
license to build or extend.
once you are the owner, do we commence building works. We will have already
submitted a detailed quotation with architect's plans, for restoring and
extending an existing house - or for building a purpose-built home on your
plot of land. In both instances, two stage payments of 40%, are required
during construction, with the final 20% paid on completion of the work.
The Legal Process
The legal process here is completely different from the UK. Firstly, contracts
are not drawn up by a lawyer. This is done by a Notary, who will require
details such as your parents' names, your passport number and your Greek tax
number, which are all entered on the contract.
lawyer will attend the Notary's office when the contract is ready for
signature. He will verify everything is correct and that there is clear title
to ownership of the land, or property, you are buying.
payable on purchasing land or property in Greece. This is based on value, but
not the price you are buying at. The rate is always calculated at a much lower
should budget, approximately, for an additional 10% of the value of the
property, or land you are buying. This will more than cover tax, and the
services provided by the Notary and your lawyer.