Buying property in the island of Karpathos, known for its wild beauty and tranquility , is attractive for investment or business reasons as well as residence or retirement purposes..
Karpathos , is the second in size island of the Dodecanese of the South Aegean Region, with total extension 302,152 square kilometres. It has a coastline of 160 kilometers. The island has many attractions and wonderful beaches. The island’s capital, Pigadia, is situated in the south-east side of the island and was built in the same position with the ancient city Posidio. The traditional settlement of Karpathos , which is picturesque and attracts all visitors, is situated in the north side of the island, built at an altitude of 250 meters, between the two mountain tops of north Karpathos. .
All real estates of Karpathos are registered in the Land Registry of Rhodes which is located in the city of Rhodes and appertains to the First Instance Court of Rhodes. The Land Registry keeps files of all ownership and transaction deeds, legal encumbrances and claims, regarding the properties. It is significant for legal check to be conducted through the Land Registry of Rhodes, before signing a preliminary contract, paying a deposit and purchasing any property in Rhodes.
Our law office carries out all searches in the Land Registry of Karpathos, obtains all the necessary paperwork, to confirm that there are no outstanding debts or encumbrances on the property, in order to ensure an efficient and secure property transaction.
Property checks should be done before you pay realtor fees to hold a property and before you make a down payment.
All foreign citizens are eligible to purchase property in Karpathos, but there are specific stipulations under Greek Law regulating the ability of non- EU nationals to buy or acquire rights to Karpathos real estates , as Karpathos is a borderland area of Greece and application for a permit to purchase, along with specific documents, are submitted to the Committee of the Borderland Areas of Greece , which is based in Rhodes. Our law office undertakes the procedure for the preparation and submission of the application for the permit to purchase regarding the specific property. The permit is usually granted within 3 to 5 months from application.