General Information

Property dictionary

Dictionary of building terms
 
Parcel is a parcel, which is located outside the town plan of a municipality.
 
Air is money given for the rental of the property, other than those specified in the lease contract and represent the monthly rent. Money Air paid once and not declared to the tax office.
 
Objective value is the value resulting from the multiplication of the starting price of the value of a property at rates defined by the State, which relate to items of property, eg floor rate, surface, age etc. The assessed value is usually the price indicated on the purchase contracts.
 
Consideration is when the land owner transfers the agreed and undivided share of the land to the manufacturer and  any subsequent buyers , in exchange for some areas of the newly-built building.
 
Exclusive use of space is the free land section or building which the establishment of horizontal ownership is given to the exclusive use of a horizontal ownership.
 
Weights of property is the mortgage, lien, seizure or forced conservative, slavery on assets which are marked in the relevant books of the Land Registry office of the property.
 
Right of height is the right of  future construction of  floors above the existing ones.
 
Roads are the communal areas, mainly serving the marketing needs.
 
City plan is the diagram with any special urban regulation adopted in accordance with the provisions and sets specific building conditions, Public and buildable areas and the permitted uses in each section or zone of the settlement.
 
National Cadastre records the property of each region and those who possessed them or own them (per property registration).
 
Trade value is the real value of the property on the market and is defined by supply and demand
 
Balcony is the horizontal projection of the floor slab floor or roof, which projects, with or without the use of beams over the surfaces of the facades of the building and is used for moving and temporary stay of people.
 
Usufruct is the possession of a property from someone who has the right to use and profit from property but also be taxed.
 
Semi-open space is the covered area of ​​the building, whose at least one side is open to the public area or the open spaces of the land and does not count for  the other sides are defined by walls or vertical bearing or not and used for moving or temporary stay of people.
 
Coverage of the land is the area surrounded by projections of the outlines of all buildings of the land over a horizontal plane.
 
Segmentation is the separation plot of land into smaller plots. The fragmentation of land is permitted when. the smaller plots that are created are all buildable under the planning provisions in force
 
Floor plan is the general plan of a building printed on paper. Common use areas of the building and the land are spaces intended for use by all tenants of the building.
 
Public spaces are all kinds of roads, squares, woods and generally intended to be shared free spaces specified by the approved street plan of the settlement or have been shared with any other legal way.
 
Utility areas are areas of the settlement, according to the town plan, for the construction of public utilities .
 
Block every single buildable area, located within the approved street plan or within the village limits and surrounded by communal areas.
 
Plot every stadium, located in the approved town plan
 
Pedestrian streets are intended mainly for the convenience of pedestrians.
 
Coverage percentage of the plot is the ratio of the maximum area that may be covered to the overall area of ​​the plot.
 
Entrance is the free surface of the ground on which the building is erected.
 
Building coefficient (the coefficient which defines the maximum squares which can be built.
 
Coverage factor defines the limit coverage of a plot to buildings.
 
Goodwill is the difference arising between the purchase price and the selling price of a property minus the inflation adjustments apply to the period between buying and selling.

Basement floor is floor or section, whose ceiling is 1.50 m. Higher than the final ground level.

National Cadastre

What is the National Cadastre?
 
The National Cadastre is a system of technical, legal and other additional information on all the properties of the Greek Territory, organized into land basis according to Law 2664/98.
This information is designed to accurately define the boundaries of the property and the publicity of the registered rights in the cadastral books and weights.
 
What are the reasons for the imposition of the National Cadastre?
 
The reasons requiring the drafting of the National Cadastre in Greece considered to be:
 
Ensuring public confidence in transactions on real estate.
The need for registration and protection of public property and sensitive parts of the country such as forests, sea shores etc. habitats.
The possibility of designing and implementing various kinds of policy on land (spatial planning, housing, rural, land use, etc.).
The possibility of imposing various taxes on immovable property (real estate tax, TAP, extraordinary contributions, special charges, etc.).
 
What are the benefits of the National Cadastre?
 
Direct benefits guaranteed to the citizen are:
 
Final and irrevocable guarantee of citizens' property titles.
Facilitating and simplifying transfers of real estate.
Minimize the costs and time required for each transfer. Discharge of citizens from lengthy and costly bureaucratic procedures.
Ensuring prompt and safe procedure of expropriation and compensation
 
The benefits obtained for society and the state are:
 
 Irrevocable demarcation of public and municipal property.
 Upgrading of the environment by reducing fires, trespasses and arbitrariness.
 Application of modern agricultural policy with projects that will make the land more profitable farms.
 Application of modern housing policy that will provide poleodomimeni land suitable for development.
 Utilization and protection of forests and other natural resources.
 Disclosure of public property worth at least three billion euros.
 
 
What is the scope of the National Cadastre?
 
Our country has an area of 131 950 square kilometers which are distributed as follows:
 
Built-up areas of 4,890 square kilometers
Rural areas 39 450 sq km
Forest area 82 070 sq km
Lakes - Rivers 3,080 square kilometers
Other areas 2,460 sq km
 
A parcel. It's a contiguous portion of the surface of the soil along with the buildings that exist in it.
Cadastral diagrams. They are those which illustrated the ktimatografimeni area under the jurisdiction of each cadastral office, which will be kept in digital form.
Cadastral tables. They log temporary property rights.
Cadastral books. They consist of the cadastral sheets printed or electronic, that record all statutory cadastral registrations, initial or subsequent. Each edition Cadastral book, which will record all the records relating to him.
Part number National Cadastre. (K.A.E.K.) is a 12-digit unique number for each parcel of the country, who will be 16-digit if it is a horizontal building property.
 
The first two digits represent the county, the next two in the Municipality or Community, the next two in the Municipality, the next two in the block and the next three the number of the site (or plot).
 
If this is a horizontal property (apartment, office or store) then added four more digits.
 
The first two in the serial number of the building (apartment block) and the last two on the first floor and the position of this horizontal property.
 
Additional Information Property. They are those that identify some possible extra information such as the use or value.
 
The owner of discovery research each piece of land, apartment, workplace etc. It can be done as follows:
 
 With the code number of each property (KAEK).
 With the address of each property.
When completed the land registry and the linkage of files is also readily possible to find the owner of any real estate throughout the country.
 
When the Cadastre will be completed?
 
The preparation of the National Cadastre is expected to last at least 15 years. In municipalities that have joined in the initial phases of the program, the Land Registry has been in operation since 2004. In the other municipalities, the cadastre will be established in stages.

 

The control of property titles

The title deeds audit includes:
 
Their legality, as well as the ownership of the property from the Share books. The above checks should cover a minimum period of 20 years.
 
Check for any weight. (Mortgages, liens, foreclosures and judgments by natural or legal persons.)
 
Check if the property acquired by inheritance to a death in the registry, the inheritance certificate and a certificate stating that there has been revoked or canceled. If the Certificate has not been issued, then requested from the municipality certificates next of kin. Also sought practical covenant publication certificate non controversies of inheritance and certificate of non-waiver of succession.
 
Checking the Court when the seller has a commercial activity, for a certificate of non bankruptcy or not to apply for bankruptcy or that is not in administrative arrangements.
 

Building a new house: What u need to know

What you need to know to build a new house
To build a new house requires taking important decisions and make the right choices in order to ensure the best quality. The manufacturing steps are the following
 
Studies. To achieve the best possible structure you must first of all make the appropriate mechanical studies according to the needs and desires of yours, functionality, aesthetics, size etc. The studies compiled in order to comply with zoning laws and building regulations in force for the region, as well as with applicable general regulations from the General Construction Regulations (building codes), the New Seismic Code of Reinforced Concrete (NEKOS), the building regulations, the Rules of fire safety etc. The studies are required to make are:
 
Topographical. Architecture.
Static & Earthquake.
Insulation.
Fire Protection.
Mechanical / Hydraulic / Electrical Installations. (The study Mechanical and electrical installations required for property of over 3,000 square meters and the design of plumbing and drains needed for property over 2 floors and 1.500t.m.)
 

Building permit. Essential conditions to start construction is the issue of the building permit. This is issued by the Urban Planning and is valid for four years. For the version submitted to the relevant Planning as follows:

Application of the owner.
Studies of the residence as mentioned above in detail.
Proof of payment of Engineering for studies.
Budget Project.
Assignment statements or undertaking studies and supervisions.
Various approvals as appropriate (Municipality, forestry service, archaeological service etc.
Proof of payment of contributions to the State and Pension Funds
For plots fully takes ownership title and ownership certificate and off plan plots need additional approval from the Forest Service.
 
Construction. For the construction of housing should have the following options:
 
To assign the construction entirely in contractor and to deliver it Accomplished.
To assign the construction of one or more contractors for individual work (concrete, masonry, plastering, etc.).
To buy the contractor or the materials included in the price of labor.
To have the contractor as supervision or assign it to Engineer.
Which way you choose should be written private contract called specifications. In this should be stated:
Describing in detail the work and the materials.
Clearly establish the value of work and the payment method.
Indicate whether the price includes VAT or not. which is borne by the owner.
Determine the execution time of labor and delivery.
Provide that the contractor is obliged to comply with the statutory safety measures, and to make the necessary quality tests of materials, especially concrete, in accordance with the instructions of the Engineer.
Also be sure to do the following once the work starts:
Inform the local police station for starting work by submitting the relevant Building Permit.
Pay in time insurance contributions to IKA and regularly fill the papers granted to you. Delays or neglect are serious penalties.
Ask for invoices for all work and materials. The presentation is a prerequisite for the connection of the building with PPC.
 
Supervisor. Having a supervisor ensures the implementation of the study and the quality. It is prohibited any construction without supervising engineer. He monitors the work and oblige the safety rules on the site.
 
Security measures. The legislation, calls for safety measures on site to protect workers from falls, electrocution or another bump and the protection of life and property of local residents and passers-by excavation, demolition, falling objects, etc. The on site security measures recommended by the supervising engineer, hold not only him but the owner too responsible.
 
Examples:
 
Fencing of the site and prevent entry plate.
   Apply individual protection measures for workers such as helmets, boots, gloves, depending on the work done.
   Protection from falling, belts, handrails, blocking openings and manholes.
   Neutralization of the risks of electricity.
   Stability scaffolding, etc. Working corridors
   Measures to protect neighboring homes when  excavation, demolition etc. is taking place
 
Earthquake protection. Due to the high seismicity of our country it must be taken into account in the design and construction, protection against earthquake. The strength of the property from earthquake ensured by static and seismic study drawn up by the Engineer. Factors affecting seismic protection of the building are:
 
The strength of the foundation soil.
The foundation.
The symmetry of the building.
The quality of materials and the construction method.
 
These factors are taken into account in the New Greek Antiseismic Regulation (NEAK) in force and must be applied meticulously. They should also thoroughly check materials, especially concrete and reinforcement (irons).
 
Completion of Construction. When works are done then you must be connected to the PPC and other networks, so  as owners you have to do the following:
 
Submit an application to the Town Planning to conduct an autopsy.
Submit the documents of payment of the salaries of supervisors Engineers (if you do not pay by the license).
Submit affidavits of the engineer and the owner to complying to the studies accompanying the construction permit.
Submit to the Tax Office copies of invoices of contractors and materials used to get relevant certificate.
Doing all of the above you can get connected to all utility networks
 
Home delivery. The estate agency ALEXpolis-akinita advises you before settling in your home, you should write down any imperfections that you see and communicate them to the manufacturer.Only if you do so you can claim the repair or recovery.

 

Parking in the building

The parking of the building
 
The permanent parking spaces, the spaces of the building are mandatory by law.
 
Issued before the construction of the building permit from the Town Planning, should the Engineer to file chart by notarial act to identify parking spaces. The number of these positions must be proportional to the coverage of the building.
 
The parking spaces can be found in the flats, or in the basement or on the roof, or floor or at the back and are divided into open and closed positions with sufficient space at least 12t.m. easy access
 
The open space, the terrace and the flats are shared space. These premises specified parking areas either by agreement of all co-owners which is recorded in the regulation of the building, either by setting up or modifying floor property by deed. For each change must all co-owners agree. 
 
Open parking spaces are not separate property, ie no stake in public land. Granted for exclusive use in each horizontal property owner eg apartment and made with specific reference to the apartment purchase contract and this position is interwoven with this apartment. Not transferable or leased to a third party that has no ownership in that property. The open parking position can not be closed without the consent of all co-owners.
 
Enclosed parking spaces are provided in the building permit or later created a revision of the license by the Urban planning.These positions are not public spaces and are condo with involvement in the plot. Transferred to all interested parties without restrictions. They also have the right to lease the site unless prohibited by the building regulation these places burdened with shared costs as apartments.

Taxes on property

 
Taxes on property
 
Law 1642/86, which is the basic legal framework to impose taxes in our Country with Article 6 imposes taxes Completed or in unfinished buildings or parts thereof and the land transferred with them the transfer is made before the first occupation.
 
Since the beginning of 2007 the sale of new real estate covered by tax at the rate of 23%, while the real estate transfer tax is 11%.
For the purposes of the Law are:
 
Buildings. These buildings generally any kind of structures associated with buildings or in the ground in a stable or permanent.
Initial installation. The first use, in any way, the buildings after their erection, such as home ownership, the private use, rental, or other use.
 
When the buildings transferred land greater than that which is defined as a plot of the current building regulations, delivery of additional land is subject to tax if this is not buildable according to the same provisions.
 
Tax at new properties:
Evasion possibilities will be limited to construction and will compress the construction cost. Today the manufacturer pays taxes for purchases of goods necessary for obtaining the real estate construction services which can not be deducted after the final stage is not taxed. With the expansion of tax the manufacturer's interest to request an invoice in all its markets, because that will only be able to deduct the tax attributable to the inflows from the tax levied on sales. So on the one hand will reduce evasion opportunities and on the other hand, will be compressed construction costs.
 
The competitiveness of Greek products will improve in the domestic market and abroad. Undertakings acquiring commercial properties, with the expansion of tax the property will be able to deduct the corresponding amount of tax they paid (as happens in all other capital items), while currently paying much tax embedded in the price of the property without the right of deduction while paying transfer tax at the rate of 13% on the final price of the property. That paid tax on the tax.
 
the operation of tax in general would improve the whole economy.
 
 
Problems by extending the tax the properties with the current legal framework:
 
The application of provisions of N.1642 / 86 for new properties without improvements and timely preparation of tax consulting services, based on experience gained from the introduction of tax is contrary to the reported results. Perhaps that create problems in the construction industry and increases in real estate prices while not guaranteed revenue for the government. It must therefore resolve the problems seems to arise to ensure a smooth operation from one system to another.
 
Tax time is considered:
 
The signing of the contract.
The signing of a notarial preliminary agreement when given the right aftosymvasis or as long as the entire price paid and the distribution delivered.
The syntax of the auction report, in case of voluntary or forced sale.
Transcription in other cases the training notarial deed is required.
 
Where appropriate notarial deed, before the pension the statement required submission and payment of the tax benefit.
 

 

At the suggestion of the property it is necessary to identity card and Tax Registration Number (TRN)

At the suggestion of the property it is necessary to identity card and Tax Registration Number (TRN). The company and its partners operate within the Rules of Procedure certifying the quality of service in accordance with the Law on mediation of the Greek and European legislation.