Explained: how to sell your property in Greece

by André Piti On 03/01/2022

As each country has its own regulation for buying and selling real estate, let’s dive into the process to sell your property in Greece.

The Bank of Greece has invested in implementing a good measurement of the Real estate market, using the Residential and Commercial Property Indices.

According to this source, Greek house prices continue to rise strongly, despite the repercussions brought by the COVID-19 pandemic.

In Greece’s urban areas, house prices rose by 8.35% in 2021.

Athens, for example, led with an annual house price increase of 9.76% compared to the previous year.

This given, it’s definitely still a good moment to sell your property in Greece and maximize the deriving profit.

Documents required to sell your property in Greece

The process for selling Property in Greece is the same for all property sellers, Greeks and foreigners.

It is relatively easy, as long as you are aware of the documents needed.

A landlord can sell property in Greece by coming to the country in person, and will have to stay at least a few weeks to collect the necessary documents. Alternatively, he can sign a power of attorney in the country of residence to do it on his behalf.

You want to collect the certificates into an electronic file called Electronic Building ID, which describes the features of the property and the legal details associated with it.

The aim of the E-ID is to combat illegal construction and protect ownership, and it must include:

Deed of the property that proves the ownership of the house, and the registration at the local land registry

Tax clearance certificate and social security clearance

A certificate from the Municipality of the property, stating that the owner does not owe to the Municipality

A certificate issued by a civil engineer, stating that the house does not have any building violations. This is called “The green certificate”, or ΠΕΑ