The process required to transfer the ownership of properties in Greece is set to go online as of October, senior government officials say.

The Digital Governance Ministry has tabled in parliament a bill to shift the procedures online- in a bid to gain competitiveness of the country’s real estate sector and help draw foreign investment to the residential housing sector.

With the help of a notary, property deals will be done online via gov.gr that will hook up the different government services involved, such as the tax office and the national cadastre.

Speaking in parliament, Digital Governance Deputy Minister Giorgos Stilios, who is overseeing the implementation of the country’s national cadaster (Greek land registry), said that “now the transfer will take place in the notary’s office without the need to obtain 17 documents from 11 different public services.

“We are ready, and technically, this will apply to 100 percent of real estate in Greece, in two months,” he said.

Stilios also announced that “the cadastre (ktimatologio) will be 90 percent complete by 2023, two years earlier than announced,” adding that today 2 percent of owners in different areas are holding up procedures for different reasons.

With this bill, the two percent will now stop blocking everyone else from being able to access dozens of digital services and facilities, added the Deputy Minister.

This article was first published here. 

For more Real Estate News & Views on Greece and Europe’s South, head to The Greek Guru.

*Image courtesy of Sotheby’s 

Stelios Bouras

A journalist for nearly two decades, Stelios has covered everything in the Greek capital, ranging from the politics and the economy to dancing architects and the souvlaki. Writing is his passion. After covering Greece for The Wall Street Journal and Reuters, he is now narrowing in on real estate and architecture. He believes that homes are more than a place to eat and sleep in and that light, design and space shape lives, along with the features of a building. Originally from Melbourne, he knows how to break down complex Greek issues into easy to understand stories for a foreign audience. He writes on real estate and the economy on his blog GreekGuru.net

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