The starting point is whether foreigners may own buy property in greece there at all. A number of countries permit full ownership of built housing while restricting agricultural land; elsewhere, governments ask for a locally registered company or a long-term lease instead. The requirements are revised every few years, so check them at the time of the deal, not from second-hand advice.
The next stage is due diligence on the property itself. An independent lawyer ought to examine the registered title, any mortgages or liens, building permits and whether the seller is actually the person entitled to sell. In several jurisdictions, unpaid local taxes transfer with the property, rather than the seller.
Money needs planning of its own. Opening a local bank account tends to be a precondition for the purchase, and banks routinely ask for proof of the source of funds. Moving money across borders can change the total cost significantly, so compare providers before transferring.
The reservation agreement generally comes first: a holding deposit takes the listing off the market bulgaria flats for sale an agreed window. Check carefully the terms of the deposit if the inspection uncovers something serious. A properly written clause refunds the sum when the defect is on the seller’s side.
Closing generally occurs cheap flats in ozankoy front of a notary or an equivalent official, according to local practice. The transfer takes effect when the register is updated, a step that can take anywhere from days to months. Keep the full file — the signed agreements, payment confirmations and the ownership certificate. They will be needed for any future sale.
