Buying a property in Greece may seem like a promising investment — but
Buying a property in Greece may seem like a promising investment — but it’s often riddled with hidden risks that can turn a great opportunity into a costly mistake. Experts warn that a property that looks ideal at first glance may, after purchase, prove to be non-buildable, non-regularizable, or even non-transferable.
One of the biggest challenges is the constantly shifting landscape of urban planning regulations. These changes occur frequently, and the legal requirements can differ significantly depending on whether a property lies within or outside an approved city plan. For buyers unfamiliar with these distinctions, this can lead to serious complications.
Crucial Legal and Technical Checks
Before closing any deal, prospective buyers are advised to conduct thorough legal and technical due diligence. Among the critical issues to investigate are:
• Proper registration with the National Land Registry (Ktimatologio)
• Confirmation that the property is not classified as forest land (for plots outside city plans)
• Zoning regulations and permitted land uses
• Building coefficients and permissible construction parameters
Any errors or omissions in these areas can jeopardize the legality and future usability of the property.
The Role of the Land Registry
A crucial step is checking the property’s
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