What Foreign Buyers Should Know About Greece’s Land Registry System: A Comprehensive Guide for 2025

If you’re a foreigner interested in buying property in Greece, you may be excited about the prospect of owning a piece of this beautiful country. However, like any other legal system, Greece’s land registry system can be complex for those unfamiliar with the process. Understanding this system is crucial to ensure that your property transaction goes smoothly and that your ownership rights are protected.

This article will provide you with everything you need to know about Greece’s land registry system, including how it works, the required documentation, and common mistakes to avoid. Whether you’re looking to purchase a vacation home, investment property, or simply a piece of land, this guide will help you navigate the system effectively.

Why Is the Land Registry System Important for Foreign Buyers?

Greece’s land registry system is a critical part of the property buying process. It serves as an official record of property ownership, ensuring that your rights to the property are protected. Understanding the system helps you avoid legal pitfalls and potential disputes, which can be common when purchasing property in a foreign country.

As a foreign buyer, knowing how the system works ensures that:

• You are purchasing a legally registered property.

• The property has clear ownership, free of encumbrances.

• You avoid hidden legal issues that could affect your investment.

Let’s take a closer look at the key components of the Greek land registry system.

How Greece’s Land Registry System Works

Greece has a dual land registration system that includes the Cadastral Registry and the Land Registry (or Register of Real Estate). Understanding how both of these systems operate is essential for a smooth transaction.

1. Cadastral Registry (Ktimatologio)

The Cadastral Registry is the most recent addition to Greece’s land registration system. This modern system is in place to ensure accurate, up-to-date records of land ownership. The Ktimatologio system records details about:

• Property owners

• Boundaries of properties

• Property characteristics (e.g., type, size, use)

• Encumbrances and liabilities (e.g., mortgages, easements)

This system is managed by the Hellenic Cadastre and is aimed at offering greater transparency in property ownership.

2. Land Registry (Hypothiko Vivlio)

The Land Registry, often referred to as the traditional register, records property ownership and transfers of rights. It predates the Cadastral Registry and is still active in many regions of Greece. Properties that have not been included in the Cadastral Registry are still recorded in the Land Registry.

In this system, ownership details, property deeds, and transfers are recorded manually. The system is being gradually replaced by the Cadastral Registry, but both systems remain in use in different parts of the country.

The Process for Foreign Buyers

As a foreigner, purchasing property in Greece involves a few additional steps compared to domestic buyers. Below is an overview of the general process for registering your property.

1. Conduct a Property Search

Before proceeding with any property purchase, it’s vital to conduct a thorough search to confirm the property’s legal standing. You can do this by contacting the local land registry office or using the Cadastral Registry to check if the property is registered and if there are any encumbrances on the land (e.g., debts or unresolved ownership disputes).

2. Obtain a Greek Tax Identification Number (AFM)

Foreign buyers are required to obtain a Greek Tax Identification Number (AFM), which is essential for any official transaction in Greece, including property purchases. You can get an AFM at the local tax office with the assistance of a lawyer or accountant.

3. Hire a Local Lawyer

It’s highly recommended that foreign buyers work with a local lawyer who is familiar with the Greek legal system. Your lawyer will help you review the property’s title deed, carry out due diligence, and ensure that everything is in order before you proceed with the purchase.

4. Sign the Contract and Submit to the Land Registry

Once everything is in order, you will sign the purchase agreement and register the property with the land registry. The contract must be submitted to the local Land Registry or the Cadastral Registry, depending on the location of the property.

Tip: Ensure that all contracts and property titles are in Greek, and that you fully understand the legal terms. A local lawyer can help translate and explain the details.

5. Pay Property Taxes and Fees

Once the transaction is complete, you will need to pay the associated property taxes and fees, including the Property Transfer Tax (which is typically 3% of the property value) and notary fees. Be aware that these costs can vary depending on the value and location of the property.

Common Pitfalls Foreign Buyers Should Avoid

While Greece offers a fantastic opportunity for property investment, there are common mistakes that foreign buyers should be aware of. Here are some pitfalls to avoid:

1. Lack of Due Diligence

One of the biggest mistakes foreign buyers make is not conducting thorough due diligence. Always ensure that the property you’re purchasing has clear and undisputed ownership. You should check the property’s history and confirm that there are no debts or legal disputes attached to it.

2. Ignoring the Local Laws

Greece’s property laws can be complicated, especially for foreigners. Each region may have different rules regarding property ownership, especially in areas near the coast or within historical sites. It’s crucial to understand local zoning laws and restrictions before buying.

3. Failure to Understand the Registration System

The registration process can vary depending on whether the property is listed in the Cadastral Registry or the traditional Land Registry. Understanding which system applies to your property and ensuring everything is properly registered is vital.

Key Takeaways for Foreign Buyers

• Ensure your property is properly registered: Check the Cadastral Registry or the Land Registry to confirm the legal status of the property.

• Get a Greek Tax Identification Number (AFM): You’ll need this to proceed with any transactions.

• Hire a local lawyer: A local legal expert is crucial for navigating the complexities of property laws.

• Do your due diligence: Always confirm property ownership and ensure no legal disputes are attached to the property.

For more information on how to navigate Greece’s property system and start your property journey, visit Chase Real Estate Corfu.

Conclusion

Greece offers incredible investment opportunities for foreign buyers, but understanding the land registry system is essential to ensure a smooth transaction. By following the steps outlined in this guide, conducting thorough due diligence, and working with professionals, you can avoid common pitfalls and make your property purchase in Greece a success.

If you’re interested in purchasing property in Corfu, reach out to Chase Real Estate Corfu for expert guidance and assistance with navigating the land registry system.