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REAL ESTATE LEGAL DUE DILIGENCE IN GREECE: WHY IT MATTERS AND WHAT IT COVERS

  • Writer: Law office ANNA IGNATENKO & Associates
    Law office ANNA IGNATENKO & Associates
  • 2 days ago
  • 2 min read

Buying property abroad is a major financial decision. Without proper legal guidance, even the most appealing opportunity can expose you to serious risks.


One of the biggest risks is the lack of legal or professional support which can come at a high cost. Engaging professionals minimizes risks and helps protect your investment.


WHY IS THIS IMPORTANT?

Conducting legal due diligence allows you to uncover potential issues before signing any agreements and safeguards your interests throughout the transaction. This step is especially crucial in Greece, where the process of establishing property ownership involves various legal and administrative complexities.


WHAT DOES LEGAL DUE DILIGENCE INCLUDE?

  • Verification of ownership rights;

  • Analysis of the property’s history;

  • Check for any encumbrances or claims;

  • Cross-checking data with the land registry;

  • Legal review of the sales contract.


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POTENTIAL ISSUES WHEN SKIPPING LEGAL DUE DILIGENCE?

  • Purchasing a property with debts or encumbrances —

    Mortgages, liens, seizures, or legal disputes can transfer to the new owner, becoming their responsibility.

  • Invalidation of the agreement —

    Legal errors or omissions may result in the contract being challenged or invalidated through litigation.

  • Problems with obtaining the Golden Visa —

    The property may not meet immigration law requirements, risking visa denial or revocation.

  • Deal Collapse at the Final Stage —

    Causes substantial delays, increased expenses, and exposure to lawsuits and compensation demands.


WHAT TO EXPECT WHEN WORKING WITH A LAWYER:

  1. You provide the property details and sign a power of attorney;

  2. The lawyer conducts comprehensive legal due diligence;

  3. You receive a report outlining risks and legal recommendations;

  4. Upon approval, the lawyer provides full legal support through to transaction completion.


WHEN SHOULD YOU CONSULT A LAWYER?

Before signing any documents — even preliminary agreements.


It’s always better to prevent problems than to resolve them later through lengthy and expensive court proceedings.


Lawyer in Athens | Legal Services in Greece | Property in Greece | Golden Visa Greece | Real Estate Investment in Greece

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