The landscape of Greek real estate is experiencing a transformative shift with faster transfers of properties and the introduction of a fully operational electronic property file system. These changes are poised to revolutionize the way real estate transactions are conducted, bringing an end to the long waits associated with cadastral services and land registry processes. The innovative system, set to launch on November 1st, 2023, promises faster property transfers, greater efficiency, and enhanced accessibility for both buyers and sellers.
Streamlining Property Transfers: Gone are the days of waiting for documents from multiple government agencies before completing a real estate transaction. With the new electronic property file system, notaries can now swiftly obtain all necessary documents and finalize contracts without the need for lengthy delays. Through interoperability, the platform enables seamless coordination between various government bodies, eliminating the wait for certificates and approvals from municipalities, tax offices, and other state entities. This streamlined approach significantly reduces the time required for property transfers, potentially completing the entire process in just three days.
Digital Transformation in Action: The electronic property file platform, accessible through the Public Administration’s digital portal (gov.gr), marks a significant step in Greece’s digital transformation journey. Notaries responsible for drafting notarial deeds, as well as parties involved in the transaction (buyers and sellers), can access the platform. Although currently in its pilot phase, the system is already showing promise, with minor issues being reported and addressed before full implementation.
Efficient Document Collection: The new process for collecting transfer documents is designed to simplify the procedure for all parties involved:
- The notary initiates the request for necessary documents within the platform.
- Essential documents are listed within the electronic transfer file, including titles, ENFIA certificates, proof of information, insurance information, and more.
- Interoperability is employed to gather relevant data from various government databases, ensuring accuracy and efficiency.
- The platform draws cadastral diagram extracts from the Hellenic Cadastral database for properties under transfer.
Enhanced Buyer Experience: Buyers and sellers alike benefit from the new system’s efficiency and convenience. Buyers can swiftly accept transfer invitations, authorize notaries to gather documents and information, and facilitate the creation of notarial deeds. Additionally, the platform’s accessibility through personal codes ensures that parties can easily participate in the process from anywhere.
Expansion and Future Prospects: Initially, the electronic transfer system will apply to properties within registered areas. As the land registry extends its coverage, more properties will become eligible for the streamlined process, further enhancing the efficiency of property transfers.
Greece’s real estate market is undergoing a digital revolution, fueled by faster property transfers and the implementation of the electronic property file system. With the elimination of bureaucratic delays and the introduction of a user-friendly platform, buyers and sellers can expect a smoother, more efficient real estate experience. As the system expands and covers more regions, the future of Greek real estate transactions is looking brighter than ever.
High Demand for Luxury Homes within Greek Resorts:
A Lucrative Investment Opportunity
The allure of luxury homes within organized tourist accommodations (resorts) in Greece is on the rise, driven by robust demand from foreign buyers seeking idyllic vacation properties. The development of around 900 villas worth more than $1 billion euros in various regions of the country underscores the appeal of this investment choice. Greece’s breathtaking landscapes and mild climate make it an ideal destination for such ventures, setting it apart from other developed markets in Southern Europe.
The Lucrative Investment Landscape: Ranging from 500,000 to 5 million euros, these luxury properties are at the forefront of a new wave of Leisure Resorts being developed across select regions in Greece. Investors are capitalizing on this demand, as home sales lead to substantial profits that finance a significant portion of their investments. Additionally, these properties secure steady visitor flows, whether through property ownership or renting on behalf of the owner, further enhancing their appeal as an investment avenue.
The Appeal of Organized Tourist Accommodations: The draw of these luxury homes extends to both international and Greek buyers. Beyond owning a lavish residence, buyers are enticed by the properties’ integration within organized tourist accommodations, providing an array of services typically sought after by buyers in this category. From property maintenance and repairs to shared spaces upkeep, buyers can rely on the resort’s services. Moreover, owners can choose to generate income by renting out their properties when not in use, leveraging the resort’s management services.
Modern Design Trends and Privacy: Most resorts developed in Greece align with contemporary design trends, prioritizing privacy and spaciousness. These factors have gained prominence, particularly in the wake of the pandemic, as buyers seek personal retreats that blend seamlessly with their natural surroundings.
The surge in demand for luxury homes within Greek resorts reflects the allure of combining elegant living with comprehensive amenities. The ongoing development of high-end properties demonstrates investors’ confidence in the country’s real estate potential. As Greece continues to showcase its natural beauty and modern amenities, luxury homes within leisure resorts emerge as a rewarding investment avenue. Prospective buyers and investors alike have the chance to enjoy a luxurious lifestyle while tapping into a lucrative market with promising returns.
At Amoiridis Law Services® we are dedicated at assisting our well-respected clients successfully complete any of their investment projects in Greece. Thanks to our longstanding experience, we are able to provide a full package of consultancy services to our almost exclusively international clientele, customized to their specific needs.
As a result, we have represented clients from all around the globe regarding their projects in Greece. Our network of associate experts, composed by both in-house and external solicitors, notaries, accountants, tax experts, civil engineers, topographers, realtors etc., enables us to provide an all-in-one package of consultancy services, guiding you throughout the entire procedure of transferring your tax residence to Greece and benefiting from the upcoming tax exemption package.
For any further information and clarifications please do not hesitate to contact our qualified legal team, ready to provide you with further personalized information tailored to your needs and your profile.
You can email us: or call/text us directly at: +306908351705 (WhatsApp/Viber)
Athens, August 2023
Follow us on 
