Property Due Diligence

As with any real estate investment anywhere in the world, it’s also for Greece essential to know exactly what property someone is going to buy, its sizes, its uses, its tenants, its technical condition, if there are any legal issues, etc.

Accordingly, it is crucial to perform a due diligence analysis, in order to get a very detailed overview about what you are planning to purchase.

If you had already found your property elsewhere, team of experts with engineers and lawyers, will assist you running a complete due diligence on the about to acquire property to make sure it is legally upheld and satisfies all your investment purposes.

In general, the below is an indicative non-limited list of the required checks:

• Existing documentation of the property (correctness and completeness) 

• Conformity with building permit or performed legalization (kindly keep in mind, that many properties in Greece had non-permitted constructions)

• Allowed uses for future alternative use (with parallel analysis what is possible from the technical point of view)  

• Currently valid planning laws and eventual influencing of the future investment

• Technical condition of the building (structure) and technical equipment (eventually with cost estimation of  repairs or refurbishment/modernization)

• Ownership of the property, eventual existing legal burdens and existing obligations and contracts, f. e. with tenants, etc. (the respective works are performed by lawyers)

• Valuation of the property (the respective work is done by partners).

In addition to the above, further analysis can be made to tackle other matters, according to your demands, whether you would like to apply special requirements to the due diligence or in case you have specific standards. 

After having performed the due diligence, and in case you would like to proceed further to the purchase, our team will assist you throughout all the process of the purchase or sale transaction.