The properties in our southern neighbor are being bought by local people like hot bread, but here are the scams lurking
Thessaloniki, GreeceOct 9 2023, 00:10 17935 read 2 comments
Lawyer Martina Georgieva is a member of the Thessaloniki Bar Association. She graduated with a master’s degree in law from the Aristotle University of Thessaloniki. She is also the secretary of the Regional Election Commission.
Here’s what she says:
“It is really a challenge to study abroad, to graduate in law, and then to understand that with your profession and knowledge you can be useful to your compatriots in a foreign country.
Bulgarians seek me most often for services in the field of property law, such as property purchase, acceptance of inheritance, establishment of condominium, easement and everything else related to real estate and the settlement of rights around them.
Registration of Greek commercial companies, branches of Bulgarian companies, registration of vessels. On many different occasions.
Bulgarians are closely related to Greece and they often need to be consulted or represented by a lawyer, what better way than to communicate with their lawyer abroad in their mother tongue.
In my opinion, our compatriots are the first to buy real estate in Northern Greece. It is logical for them to buy in this part due to the proximity to Bulgaria, and this makes it quite attractive”.
Activity
And yes, Bulgarians are really active in buying properties in Northern Greece, but don’t think that other foreigners don’t buy properties either. In recent years, properties have been massively bought by North Macedonians, Serbs, Romanians, Ukrainians and Turks, writes “Telegraf”.
Not to mention that in southern Greece, such as Athens, the Peloponnese and the Greek islands, the percentage of property purchases by Bulgarians is very low. There, properties are massively bought by foreigners with the aim of acquiring a golden visa, which ensures multiple stays in the Schengen area.
Crooks
“There are, of course, and frauds. Recently, they are noticed most often real estate scams with so-called pre-contracts for unregulated properties that have a percentage of the land, and on the basis of which you can practically never acquire ownership. People should be careful, hire good specialists working in the field of property law.
A pre-contract is a promise of a deal. It is not a sale, it is not entered in the property register and does not make you the owner.
I’m not talking about normal preliminary contracts, where it is possible to conclude a final purchase-sale contract, but about a special one misleading category. But a consultation is needed on this matter.
Another important thing is property taxes. The so-called unified property tax (ENFIA) can now be easily paid through the TAXISNET electronic platform, using your personal codes for your tax number (ATM).
You can now also pay by international currency transfer from Bulgaria. But for more details and details of these operations, it is best for people to contact their accountant or lawyer, who can explain them best,” said the lawyer.
Vigilance
“And not to be forgotten very important details that need to be very careful. When buying a property, a property inspection for encumbrances with an independent lawyer and an inspection by a construction engineer must be done!!!
These are possible mortgages, pledges, etc. note that the in Greece there is a twenty-year statute of limitations on property encumbrances. Buying a property with encumbrances automatically puts you in debt in ways you don’t realizeif no pre-check is done.
Many people ask and want to know in advance how much the transfer deal will cost them. This is already a more complex issue and is a matter of specifics in the transaction. It’s actually relative.
Of course, there is also business activity on the part of our compatriots outside of traditional tourism and real estate. There are businesses in many fields. It cannot be between countries that have a common border and so many people from both countries travel,” explained the lawyer.
Cooperation
“Increasingly, we have to work with our diplomatic representations. In recent years, good cooperation of the Bulgarian lawyers with the General Consulate in Thessaloniki has been observed. They assist us in all matters that are within their competence.
Along with the continuous travel, transactions and contact of many different people, of course there is also crime. But crime exists everywhere.
I advise our compatriots to take care of themselves and not to cause the events themselves.
And as for the alo-cheaters, they are people from a more specific contingent. It’s best not to answer unknown numbers and check the events they report first!!! Also, don’t respond to questionable job postings on the Internet.
Fines are also an important topic. In Greece, they are salty, and Bulgarians often break traffic rules and get heavy penalties.
It is recommended that fines be paid on time. Do not be surprised to receive an invitation for payments in Bulgaria for sanctions imposed in Greece. If you have a tax number in Greece, be sure that the fine is noted on your number and not paying on time leads to an increase in the amount, penal interest is imposed. So pay them on time.
Recently, Bulgarians were fined for captain’s permits. A peculiarity is that Greece requires these documents to be translated and to certify that the institution that issued them is legally competent.
In practice, the problem is not whether they are irregular, but there is legislation that requires the translation of all foreign vessel management documents. Let us obey the laws and not keep grumbling, is my recommendation.
Comply with the laws of Greece. She is a good neighbor, hospitable, but has serious criminal and administrative legislation!“said lawyer Martina Georgieva.
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2023-10-08 21:34:33
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