Greece: Real Estate

Greek courts are increasingly ruling that real estate acquisitions at auction by REO companies affiliated with loan servicers constitute an unlawful circumvention of statutory prohibitions. Recent judgments from the Western Macedonia Court of Appeal and Athens Court of First Instance have found that these arrangements allow servicers to maintain economic control while formally separating legal entities, depriving debtors of fair settlement opportunities and enabling below-market acquisitions.

Greece's Parliament has passed sweeping amendments to the out-of-court debt workout mechanism, fundamentally altering the balance of power between debtors and servicers.

Greece's Golden Visa program offers non-EU investors a structured pathway to European residency through real estate investment, with thresholds ranging from EUR 250,000 to EUR 800,000 depending on location and property type. Recent legislative reforms have introduced tiered investment requirements across different regions, making early route selection and legal due diligence critical for applicants seeking Schengen mobility, family coverage, and long-term strategic flexibility within the European Union.

Real Estate Investment Companies (REICs) are legal entities with a specific investment purpose: acquiring and managing real estate, as well as related rights and participations.

According to Law 4738/2020, the rehabilitation process is a collective pre-insolvency procedure aimed at maintaining, utilizing, restructuring, and restoring the company...

The role of the highest bidder is pivotal in the completion of the process of enforcement for the satisfaction of monetary claims and the auction.

Τα τελευταία επτά χρόνια, οι τιμές των ακινήτων στην Ελλάδα σημειώνουν σημαντική πτώση. Γεννάται

Now we highlight the transfer taxes and professional fees, which should be considered when purchasing property in Greece. Transfer tax is payable by the buyer and is calculated on the value of the land.

The Law on Social Policy and Development (3220/2004), enacted in January this year, amended provisions of Decree 1297/1972, which provides tax incentives for mergers between companies.