Buying Property in Rhodes

Posted in Real Estate Rhodes

Buying Property in Rhodes

Buying property in the cosmopolitan island of Rhodes is attractive for investment or business reasons as well as residence or retirement purposes.

Rhodes , know as “the island of the sun”, “the island of the knights” , “the emerald island”, is the largest island of the Dodecanese of the South Aegean Region and the 4th in size island of Greece. It is situated 350 kilometres approximately South-east of Athens, with total extension 1.400,684 square kilometres. It has a coastline of 253 kilometers.

The island’s capital, the city of Rhodes, is situated in the north-east edge of the island. Within the borders of Rhodes City is the Medieval City of Rhodes, one of the best maintained medieval cities of the world, which is included in the Monuments of World Heritage of UNESCO, since 1988.

The island has many attractions and wonderful beaches. The southern part of the island has attracted many foreign investors during the past years and offers touristic attractions as well as remote peaceful areas. Lindos, the most known of the ancient cities of Rhodes, is a picturesque settlement in the southern part of Rhodes and is a significant touristic attraction.

All real estates of Rhodes 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.

The Land Registry of Rhodes was founded by the Italians, during their occupation on Rhodes, and is characterised by its unique file system, being based on each portion of property which bears an identity number, enabling research on the whole history - succession of titles of each specific property. 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 Rhodes, 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 Rhodes, but there are specific stipulations under Greek Law regulating the ability of non- EU nationals to buy or acquire rights to Rhodes real estates , as Rhodes 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.

DISCUSS YOUR REAL ESTATE NEEDS | SCHEDULE A CONSULTATION

Our law office specializes in Greek real estate transactions and has many years of experience in protecting clients’ rights in purchasing land and property in Greece and advising foreign citizens on Greek Real Estate Law , providing expert conveyancing services since the year 1999.

99% of our clients are international clients.

We will help you review all aspects of your real estate investment.

We understand your needs and your expectations of service.

Our law office cooperates with experienced engineers, notaries and accountants , providing a complete range of services, in order to ensure efficiency and safety regarding the transaction and also regarding the fulfilment of client’s future obligations after the purchase.

WE OFFER A BROAD RANGE OF REAL ESTATE SERVICES

COMMERCIAL & RESIDENTIAL REAL ESTATE TRANSACTIONS

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COMMERCIAL & RESIDENTIAL REAL ESTATE TRANSACTIONS

If you are purchasing or selling a home, your transaction may be the most significant financial transaction of your life. It is essential for you to have an experienced attorney who is committed to protecting your rights and interests.

If you are a real estate investor, developer or other party conducting a commercial real estate transaction, you also have significant financial interests that must be sufficiently protected.

  • Legal Advice
  • Land Registry Search
  • Obtainment of Tax Number
  • Opening of Bank Account
  • Draft, Review and Negotiation of Preliminary Contracts
  • Draft, Review and Negotiation of Contracts
  • Tax consultation
  • Real Estate Closings
  • Dispute Resolution and Litigation

DEVELOPMENT & SUBDIVISION OF LAND

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DEVELOPMENT & SUBDIVISION OF LAND

The process of developing and subdividing land, residential and commercial properties is more complex now than in the past. Complying with legislation and ordinances has become increasingly challenging.

Based on our knowledge of the law and our experience in real estate development and subdivision, we guide our clients through the process as effectively and efficiently as possible.

With experience in real estate law, we can help you avoid common problems that could prove costly.

  • Coordinating client's plans with engineers.
  • Legal assistance in the procedure for the obtainment of building license and necessary approvals from competent authorities.
  • Helping client’s project comply with legislation on a general and local basis
  • Draft, Review and Negotiation of Construction Contracts
  • Supervision of Legal Payments for construction work
  • Legal supervision of Construction Project
  • Dispute Resolution and Litigation

COMPANY FORMATION AND FUNCTIONING

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COMPANY FORMATION AND FUNCTIONING

In many cases it is in the client’s best interest to form a company that will purchase and exploit the property. Our law office has many years of experience in company formation and legal supervision on company functioning.

  • Legal Advice regarding the Kind of Company that is best appropriate depending on the property and exploitation plans
  • Issuance of Company Statute
  • Registration of Company at the Chamber of Commerce
  • Registration of Company at the Tax Office
  • Supervision regarding the Functioning of the Company, according to legislation
  • Tax Consultation
  • Draft, Review and Negotiation of Company Agreements and Contracts
  • In many cases it is in the client’s best interest to form a company that will purchase and exploit the property. Our law office has many years of experience in company formation and legal supervision on company functioning.

PROPERTY MANAGEMENT AND OPERATING AGREEMENTS

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PROPERTY MANAGEMENT AND OPERATING AGREEMENTS

Our law office provides legal advice and assistance regarding property management and operation.

  • Draft, Review and Negotiation of Management Agreements and Contracts
  • Draft, Review and Negotiation of Lease Agreements
  • Coordination of procedure for obtainment of Licence for Touristic Rentals (EOT licence)
  • Tax Consultation
  • Legal Supervision of Property Management

For further information, CONTACT US today, or email us at This email address is being protected from spambots. You need JavaScript enabled to view it.

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Office : 25th Martiou St. 107
Maritsa Rhodes 85101 Greece
tel : +306946115282
fax: +302241009348

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