Most areas in Greece have been/are under registration to the Hellenic National
Cadastral (“Ktimatologio”). The goal of the Greek Ktimatologio is to record all
existing property rights all over Greece and their holders in a unified system
of legal, technical and other information. Failure to register, may result in
losing the property.
Any person or legal entity (companies, institutions, foundations, etc..) with
real estate property rights of any kind (including but not limited to ownership
rights, easements, mortgages, leases for more than nine years, encumbrances)
should to register his/her ownership rights to the Ktimatologio in Greece’s
records by submitting the relevant statements and documentation before the
competent Ktimatologio authorities.
Where the acquisition of property rights is through an inheritance, the right
holder can register his right even before completing the Acceptance of
Inheritance procedure and formally become the owner of the property. In this
case, the property right is recorded in the Cadastral lists and books, yet, the
right holder may not complete any ownership actions before formally completing
the procedure of passing title to his name.
If the information regarding the property changes, an additional statement must
be submitted. Submitting false statements may result in serious sanctions. No
transactions are permitted until the property is declared, including issuance
of a building permit. Said prohibitions are lifted with the submission of the
application to the Ktimatologio in Greece. In the event one acquires a property
right during the time period when the area is undergoing the Ktimatologio
registration, he should file an application, even if the previous owner had
already done so.
A Greek lawyer can pursue all the necessary transactions for the registration
of your Greek Property.
January 2020
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