The following is a GUIDELINE only on the process
from agreeing to purchase a property, to the final receipt
of the property key.
formally agrees to purchase with KOSIMMOBILIEN,
confirming that a deposit will be given
or sent to KOSIMMOBILIEN in
order to block the property, i.e. express the customer's intent
to buy, at a certain price, and within an established time
limit, ensuring that the vendor takes the property off the
market. This deposit depends on purchase price.
If, for ANY reason, the customer changes his mind and does
not proceed with the purchase of the property, THIS DEPOSIT
IS NOT REFUNDED.
The deposit is always refunded (without interest) to the customer
if, for any reason, the property cannot pass to the purchaser
due to complications or problems arising from the vendor or
and a NOTARY PUBLIC are appointed by the customer or on our
recommendation. They will make the necessary searches of the
property at the Land Registry.
Usually it is the same Lawyer that assists and must be present
by law at the Notary Public when contracts are exchanged.
Survey/Topographical Survey giving a technical description
must be presented. Based on this, the Notary Public makes
the written description of the property and a copy of this
becomes an integral part of the contract. This is a formal
document which is conducted by the architect. It is always
advisable to have one prepared, even if a Topographical Survey
is presented by the owner, to guarantee the purchaser's interest
on dimensions of property etc.
* Note: The cost of such a document
varies depending on size of property and detailing. The minimum
cost is 300 Euro.
follows is carried out by the NOTARY PUBLIC. After all documents
are collated, the necessary taxes (9-13% on Tax Office Assessed
Price) which must be paid, are calculated and presented to
the Tax Office.
Taxes Office property value assessment:
This is assessed on every individual property based on pre-established
and known assessed prices area per area.
These last are updated every year by the Greek State.
The purchase taxes (always paid by purchaser) and the fees
for notary public, lawyers, etc., are perceptually calculated
on the Taxes Office assessed price or on the market price
if this last is higher than the Taxes Office assessed price.
* Note: SELLING PRICE (market price)
and ASSESSED PRICE (official price) of properties do not always
as the information on the tax fees is available, all the costs
related to the property price, the taxes and the Notary Public
and Lawyer's fees are to be paid by the purchaser.
are exchanged in front of the Notary Public and in the presence
of two Lawyers.
at the Land Registry, which is held immediately after exchanged
of contracts, is the definite and irrevocable proof that the
purchaser now owns the property.
*** THE KEY IS HANDED OVER. ***