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Sellers are often faced with the challenging reality of having to coordinate an amendment of condominium declarations following the regularization of property violations under the current unauthorized constructions legislation, which requires the co-signature of all co-owners.

It is readily understood how complex such a transaction is, demanding not only the involvement of multiple co-owners but also specialized expertise and precise handling from the notary office.

Our firm, with full dedication and professionalism, successfully managed the rapid and lawful execution of such an amendment involving all co-owners of a multi-story building in Chalandri. Through meticulous coordination, the property owner not only achieved the amendment of the horizontal property declaration but was also able, in a remarkably short timeframe, to transfer her property at a substantially high price to foreign investors who subsequently applied for and obtained a Golden Visa long-term residency permit.

Our office places particular emphasis on collaboration with engineers specialized in notarial property transfers and the regularization of building violations, particularly for structures located within traditional settlements, historic city centers, areas of natural beauty, and special buildings such as listed heritage monuments, in accordance with the provisions of Law 4495/2017.

Through specialized knowledge and experience, we ensure the legality, completeness, and security of every transaction involving such properties. This is especially important in cases where, only by invoking specific legal provisions, the issuance of permits by special committees or approval from the Architectural Council can be deferred until after the notarial transfer. Failure to timely execute or defer these procedures can lead to significant delays, effectively blocking the property in the pre-transfer stage.

Our office has successfully managed numerous property transfers within the traditional section of Kifisia and the traditional settlement of Arachova.

In December 2023, we completed a particularly technically demanding transfer of a dilapidated yet architecturally and culturally significant property on the island of Naxos, known as the “Tower of Agia”, which was declared a listed heritage monument in 1983 and is inextricably linked to the history of the island.

Changing personal circumstances often create the opportunity to sell a property on which a prior mortgage registration exists, because the owner acquired it with a housing loan at a time when the loan has not yet been fully repaid.

In such complex cases, a specialized sale agreement is carefully drafted, under which the buyer pays the seller both the total agreed purchase price and the portion corresponding to the secured claim. The seller immediately repays the outstanding debt to the bank in full, and the bank consents to the release of the existing mortgage registration on the property, resulting in the buyer ultimately acquiring the property free of encumbrances.

But what happens if the buyer does not pay the total purchase price, including the portion of the secured claim, from their own funds, and instead finances the purchase through a bank loan? In this case, the buyer’s bank, which grants the second loan, assumes repayment of the prior mortgage upon disbursement, allowing the buyer to acquire the property with full legal title.

Numerous such transactions, which require specialized expertise, time-sensitive management, and absolute coordination among all parties, have been successfully completed by our office, ensuring smooth execution and complete legal security throughout the process.