Buying Sea Views Land and Building Properties in Greece: Villas, Houses, and Apartments

Comprehensive Guide to Purchasing land in Greece to build a house, villa, or apartment is a significant investment that requires careful consideration of various factors, including location, price, sea views, building permits, and regional regulations. This guide provides detailed insights into these aspects, helping you make an informed decision. Additionally, we highlight how ALand and GH Legal s.r.o. can assist you throughout the process to ensure a smooth, transparent, and legally compliant transaction.

1. Overview of Greek Regions and Land Prices

Greece offers a diverse range of regions, each with its own characteristics, pricing, and potential for property development. Here’s a detailed breakdown of the most popular areas for buying land, particularly for those seeking sea views.

A. Mainland Greece

• Athens and Attica Region:
• Areas with Sea Views: Southern suburbs such as Vouliagmeni, Glyfada, and Sounio are highly sought after for their coastal properties.
• Price Range: Land prices with sea views in these areas typically range from €800 to €3,000 per square meter. The closer the land is to the sea and urban amenities, the higher the price.
• Characteristics: These areas combine luxury coastal living with proximity to the capital. Vouliagmeni and Glyfada are known for their vibrant communities and upscale amenities, while Sounio offers more tranquil settings with spectacular views of the Temple of Poseidon.


• Peloponnese:
• Areas with Sea Views: Popular coastal towns like Nafplio, Porto Heli, and the Mani Peninsula.
• Price Range: Prices range from €100 to €500 per square meter in less developed areas, and up to €1,500 per square meter in luxury destinations like Porto Heli.
• Characteristics: The Peloponnese is known for its rich history and natural beauty. Porto Heli is a favorite among high-net-worth individuals, often referred to as the "Greek Riviera." Mani, with its rugged landscapes and traditional architecture, offers a more authentic Greek experience.

— Steps to Purchase Land and Build in Greece

1. Identify Your Desired Region:
• Consider your budget and preferences, such as sea views, proximity to amenities, and long-term property value when selecting a region.


2. Engage a Real Estate Agent:
• Work with ALand to find suitable land plots that match your criteria. Their local expertise will help you navigate the market effectively.


3. Conduct Legal Due Diligence:
• Engage GH Legal s.r.o. to perform thorough checks on the property, including title verification, zoning regulations

Key Considerations When Choosing Land in Greece

When selecting land in Greece for building a house, villa, or apartment, several factors need careful consideration to ensure the viability and long-term value of your investment:

• Location and Accessibility:
• Proximity to Amenities: Consider the distance to essential amenities such as shops, schools, healthcare facilities, and transportation hubs. Proximity to these services can significantly impact the property's value and your quality of life.
• Accessibility: Ensure that the land is easily accessible by road. This is particularly important in remote or island locations where road infrastructure may be less developed. The cost of improving access can be substantial.


• Land Topography and Soil Quality:
• Topography: The slope and elevation of the land can affect both the construction process and the design of the building. Steeper plots may offer better views but could increase construction costs due to the need for retaining walls or specialized foundations.
• Soil Quality: Conduct a soil test to determine the land's suitability for building. Poor soil quality may require additional engineering work to stabilize the foundation, adding to the overall construction cost.


• Sun Exposure and Orientation:
• Sunlight: The orientation of the land can influence the design of the building, particularly in terms of energy efficiency and natural light. A south-facing plot in Greece typically receives more sunlight throughout the day, which can be beneficial for both heating and lighting.
• Views: If sea views or scenic landscapes are a priority, consider how the orientation and elevation of the plot will affect the views from different parts of the building.


• Local Climate and Weather Patterns:
• Climate Considerations: Greece has a Mediterranean climate, but conditions can vary significantly by region. Coastal areas may be prone to high humidity and salt air, which can affect building materials and maintenance costs. Mountainous areas may experience colder winters, requiring different construction techniques and materials.
• Wind and Weather: Consider the prevailing wind direction and any potential exposure to strong winds, particularly in island or coastal locations. This can influence the design and placement of windows, doors, and outdoor spaces.


• Future Development and Infrastructure Plans:
• Zoning Changes: Investigate whether there are any plans for future development or infrastructure projects in the area. While new roads, utilities, or commercial developments can increase the value of your property, they can also bring noise, traffic, or other disruptions.
• Environmental Protections: Check for any environmental protections that might affect your ability to develop the land. Some areas may be designated as protected due to their natural beauty or ecological significance, restricting construction.

Detailed Steps for Securing a Building Permit

Obtaining a building permit in Greece is a crucial step before beginning construction. Here’s a more detailed look at the process:

• Step 1: Engage an Architect and Engineer:
• Design Phase: Collaborate with an architect to design your property, considering factors such as local building codes, aesthetic preferences, and functional requirements.
• Engineering Plans: An engineer will create structural plans that ensure the building's safety and stability. These plans must comply with Greece's strict seismic regulations, given the country's susceptibility to earthquakes.


• Step 2: Environmental Impact Assessment (if required):
• Assessment Requirements: Depending on the location and size of your project, an environmental impact assessment may be required. This assesses the potential environmental effects of the construction and how they can be mitigated.
• Submission: The assessment is submitted as part of the building permit application and is reviewed by the relevant authorities.


• Step 3: Submit Building Permit Application:
• Documentation: The application must include detailed architectural and structural plans, proof of land ownership, environmental assessments (if applicable), and any other required documents.
• Urban Planning Office Review: The local urban planning office (Polis) will review the application to ensure it complies with all zoning and building regulations.


• Step 4: Address Any Feedback or Corrections:
• Modifications: If the planning office requests changes or additional information, work with your architect and engineer to address these promptly. This could involve minor design adjustments or providing additional documentation.


• Step 5: Permit Approval and Issuance:
• Approval: Once the application is approved, the building permit will be issued. This document grants you the legal right to begin construction on the land.
• Validity: Building permits typically have a validity period during which construction must begin. If delays occur, you may need to apply for an extension.

Construction and Post-Construction Considerations

Once you have secured the building permit, you can proceed with construction. Here are some critical points to consider during and after the building process:

• Hiring a Construction Company:
• Reputable Builders: It is essential to hire a reputable construction company with experience in the local area. Check their credentials, previous work, and client testimonials to ensure they deliver quality work on time and within budget.
• Contract and Timeline: Clearly outline the scope of work, deadlines, and payment terms in a legally binding contract. Regularly monitor the progress of construction to ensure it adheres to the agreed timeline and quality standards.


• Supervision and Quality Control:
• On-Site Supervision: Depending on the complexity of your project, you may want to hire a project manager or supervisor to oversee the construction process. This ensures that the work meets your specifications and complies with local regulations.
• Quality Control: Regular inspections should be conducted to ensure that materials and workmanship meet the required standards. Any issues should be addressed immediately to avoid costly rework later.


• Final Inspections and Compliance:
• Inspections: Before the construction is completed, the local authorities may require inspections to ensure that the building complies with the approved plans and building codes. Ensure that all inspections are passed before finalizing the project.
• Occupancy Permit: Once construction is complete, you may need to obtain an occupancy permit, which confirms that the building is safe for use and complies with all regulations.


• Post-Construction Maintenance and Management:
• Property Maintenance: Regular maintenance is crucial to preserving the value and condition of your property. This includes routine inspections, repairs, and upkeep of the building and surrounding land.
• Property Management Services: If you plan to rent out the property or are not residing in Greece full-time, consider hiring a property management company to handle day-to-day operations, tenant relations, and maintenance.


• Legal and Financial Considerations:
• Property Registration: After construction, ensure that the property is properly registered with the local land registry. This step is essential for legal protection and future transactions.
• Tax Compliance: Stay informed about your tax obligations as a property owner in Greece. This includes annual property taxes, income taxes on rental income, and capital gains taxes if you decide to sell the property.

How ALand and GH Legal s.r.o. Can Assist You

Navigating the complexities of purchasing land and building in Greece requires local expertise and professional support. ALand and GH Legal s.r.o. offer a comprehensive range of services to help you every step of the way:

• ALand:
• Expert Guidance: ALand provides expert advice on selecting the right land for your needs, taking into account factors such as location, budget, and future development potential.
• Seamless Transactions: From property search to closing the deal, ALand ensures that all transactions are transparent, legally compliant, and hassle-free. Their team handles all the paperwork, negotiations, and due diligence, giving you peace of mind.
• Post-Purchase Support: After the purchase, ALand can assist with property management, ensuring your investment is well-maintained and generates the desired returns.

• GH Legal s.r.o.:
• Legal Security: GH Legal s.r.o. conducts thorough due diligence to verify that the land is legally sound, free of encumbrances, and suitable for building. They ensure that all legal requirements are met, minimizing the risk of future disputes.
• Immigration Services: GH Legal s.r.o. offers comprehensive support for obtaining the Greek Golden Visa, guiding you through every step of the application process and ensuring all legal criteria are satisfied.
• Ongoing Legal Advice: Whether you need assistance during construction, help with tax planning, or support with property sales, GH Legal s.r.o. provides ongoing legal advice tailored to your specific needs.

Purchasing land and building a property in Greece is a rewarding investment, but it requires careful planning, thorough research, and professional guidance. By understanding the regional differences in land prices, the complexities of the building permit process, and the legal and financial obligations involved, you can make informed decisions that ensure the success of your project.

With the support of experienced professionals like ALand and GH Legal s.r.o., you can navigate the Greek real estate market with confidence, knowing that your investment is protected and your project is in capable hands. Whether you're looking to build a luxurious villa with a sea view or develop a profitable apartment complex, these experts will help you achieve your goals with transparency and efficiency.

For more information or to start your journey in the Greek real estate market, visit ALandand GH Legal s.r.o. to discover how they can assist you in making your dream a reality.

Date: 25th Aug, 2024

• Share: