Welcome to KOTSONIS - GAITANAKI LAW FIRM in Zante, Greece
Located at Zante, our law firm is your gateway to seamless real estate ventures on this enchanting island. Specializing in real estate law, we pride ourselves on offering comprehensive legal solutions to those enchanted by Zante’s charm and prospects, and seek to invest in its property market.
Whether you’re dreaming of a picturesque holiday villa, a permanent residence amidst the island’s natural beauty, or a strategic investment in this tourist haven, our dedicated team is here to make your vision a reality. With deep-rooted expertise in the local property laws and a passion for client satisfaction, we ensure your real estate journey in Zante is as serene as the island itself.
Let’s navigate together the Zante real estate market with a blend of professional rigor and local insight. Your peace of mind is our priority, and your successful property acquisition in Zante, our commitment.
Property transactions can be complex, but with our extensive expertise and client-focused approach, we ensure a smooth, transparent, and successful experience. From contract review to negotiations and closing deals, we’re here to protect your interests every step of the way.
Join us at Kotsonis Gaitanaki, where your real estate aspirations become our mission, and your success in the Zante property market is our ultimate goal.
What can we handle for your next Real estate investment in Zante
Our expert legal team is here to guide you every step of the way
Discover the Enchanting Island of Zante
- Voted by TripAdvisor among the Top 25 trending global destinations, Zante is a green, unspoiled paradise with stunning beaches, hidden coves, and pine forests. An ideal time to invest in real estate for high returns.
Kotsonis Gaitanaki Law Firm: Your Trusted Real Estate Partner
- Expert Legal Coverage: We provide comprehensive legal support for both locals and foreigners in real estate transactions.
- Contract Review & Negotiation: Our team ensures all contracts are meticulously reviewed, safeguarding your interests.
- Strategic Negotiation & Closing: Actively engaged in negotiating and finalizing the best possible deals for our clients.
- Legal & Tax Advice: We go beyond basic legal checks, offering extensive legal, tax, and negotiation advice for optimal outcomes.
- Market Advantage: With current property prices in Greece being attractively low, it’s a prime opportunity for capital investment.
Services Tailored to Your Needs
- Whether acquiring new assets or utilizing existing property, we offer effective solutions tailored to your objectives.
- We ensure every stage of your real estate transaction in Zante is smooth, secure, and advantageous.
Begin Your Journey with Us
- Find your dream property in Zakynthos effortlessly.
- Our commitment is to inspire your best life, starting with a home that truly resonates with you.
- Experience unparalleled service and guidance in navigating the thriving real estate market of Zante with Kotsonis Gaitanaki Law Firm.
Explore our real estate legal services
Issuance
Issuance of a Greek tax number.
Initial review
Initial review of the legal deeds, topographic plans, Public Land Registry office’s documents and all other documents delivered by the sellers.
Coordination
Coordination with the seller’s lawyer on the actions that need to be taken and review of the relevant documents to be drafted by seller’s lawyer.
Communication
Interaction with the notary public regarding the documents which need to be issued by the seller. Deep review of the documents that will be issued by the seller.
Legal due diligence
Thorough legal due diligence of the acquisitions of the sellers, their direct as well as their distant legal predecessors.
Initial inspection
Initial inspection of real estate for the existence of encumbrances, seizures and claims.
Applications
Applications for the issuance of all necessary certificates by the Public Land Registry Office.
Third-party encumbrances
In case the property is subject to third-party encumbrances, interaction with the creditors regarding the process of mortgage/mortgage-notations release and drafting and/or review of the letter provided by the third party/creditor on their obligation and commitment to release the mortgages/mortgage pre-notations.
Review
Review of various legal issues pertaining to the sale and purchase (indicatively, handling issues of common lands within the property).
Other communications
All other interactions required with buyer’s engineer, notary public and accountant as well as with the seller’s lawyer.
Second inspection
Second inspection of the real estate for the existence of encumbrances, seizures, and claims before the signing of the preliminary agreement. (If needed)
Legal review
Legal review and negotiation with the Seller and his lawyers of the terms of the preliminary agreement. (If needed)
Representation
Representation at the signing of the preliminary agreement (If needed)
Follow up
Consistent follow up of the documentation progress and update with the involved parties.
Third (or second) inspection
Third (or second) inspection of the real estate for the existence of encumbrances, seizures and claims in the Public Land Registry Office, before the signing of the final contract.
Review of final draft
Review of the final draft transfer deed.
Negotiation
Negotiation of the transfer deed with the seller’s lawyer.
Contract signature
Contract signature and respective registration in Public Land Registry Office.
Legal supervision
Legal supervision and consulting services throughout the above steps, along with accounting and tax deliverable services regarding the acquisition and tax registration of the property (will be performed by an accountant with extra accountant fees).
Coordination
Coordination and continuous follow-up.
Frequently Asked Questions for Real Estate in Zakynthos
Before signing any agreement or written contract, you must hire a lawyer, specialized in real estate. Our experience has shown that the most common first step is signing an agreement with a real estate agent. This agreement is often a bad legal text with terms that work more for the agent and less for the investor.
It is very common for the investors to sign private preliminary agreements with the real estate agents in fear of losing the deal. We have dealt with several cases where prospective buyers are trapped in the terms and conditions of a private pre-agreement, following the issues that have arisen while the legal and technical due diligence of the property.
It is very common for the investors to sign private preliminary agreements with the real estate agents in fear of losing the deal. We have dealt with several cases where prospective buyers are trapped in the terms and conditions of a private pre-agreement, following the issues that have arisen while the legal and technical due diligence of the property.
Starting with finding the desired property to finishing the final contract, buying a property can last from 12 to 14 weeks (under normal market conditions). However, well-prepared home buyers who pay cash have been known to purchase properties faster.
Market conditions are a major factor in how fast properties are sold. In hot markets with a lot of sales activity, buying a home may takes a little longer than usual. That happens because several parties involved in the transaction delay when business suddenly picks up. For instance, a rise in home sales increases the demand for civil engineers and notaries, yet there will be no increase in the number of civil engineers and notaries available to do the work. Completion times to issue a loan can also slow down the whole process. Possible issues that may arise after the legal and technical due diligence of the property, can also cause delays. The above issues are not dealbreakers, but still need time to be solved.
Market conditions are a major factor in how fast properties are sold. In hot markets with a lot of sales activity, buying a home may takes a little longer than usual. That happens because several parties involved in the transaction delay when business suddenly picks up. For instance, a rise in home sales increases the demand for civil engineers and notaries, yet there will be no increase in the number of civil engineers and notaries available to do the work. Completion times to issue a loan can also slow down the whole process. Possible issues that may arise after the legal and technical due diligence of the property, can also cause delays. The above issues are not dealbreakers, but still need time to be solved.
There is no certain answer to that. Agent fees are always a matter of two parties’ agreement and vary from area to area as well as in different types of properties. Fees can be either a percentage of the property price or a pre-agreed amount of money. If there is no such agreement, Greek law sets the percentage of the fees at 2 % of the purchase price.
Opening a Greek bank account is often suggested to new investors but it’s not obligatory. A bank account in Greece will help you proceed with the payments of the professionals needed during the property purchase process, thus providing better proof to tax authorities about the sources of your funds.
Additionally, the Greek bank account will make all payments easier regarding electricity, internet and water supplies and will also help you receive money from possible future short term leases of your property (Airbnb, booking.com, Expedia etc.). Nevertheless, opening a Greek bank account is not necessary as you can always complete the property purchase using your bank accounts abroad.
Additionally, the Greek bank account will make all payments easier regarding electricity, internet and water supplies and will also help you receive money from possible future short term leases of your property (Airbnb, booking.com, Expedia etc.). Nevertheless, opening a Greek bank account is not necessary as you can always complete the property purchase using your bank accounts abroad.
No! You do not have to be in Greece during the property purchase procedure. All you need is to make a power of attorney to a trustworthy person in Greece. A lawyer is the most suited person because he or she is the one that has the special knowledge of every step of the procedure.Ways to give a power of attorney:
a) Before a notary during your visit in Zakynthos. We can arrange an appointment for you.
b) Before the Greek Ambassador or the Consul of your city. We can arrange an appointment for you.
c) Before a notary in your country. This PoA will need an APOSTILLE stamp and an official translation afterwards to Greek. According to Greek law, lawyers are official translators.
a) Before a notary during your visit in Zakynthos. We can arrange an appointment for you.
b) Before the Greek Ambassador or the Consul of your city. We can arrange an appointment for you.
c) Before a notary in your country. This PoA will need an APOSTILLE stamp and an official translation afterwards to Greek. According to Greek law, lawyers are official translators.
Contact us today!
Address: 7, Al. Roma, Zakinthos, 29100
Phone: (+30) 26950 22315
Fax: (+30) 26950 22316
