Greek Parliament passes bill to clarify ownership claims on public property
Greek Parliament passes bill to clarify ownership claims on public property
  Economy  |  Laws  |  Greece

Greek Parliament passes bill to clarify ownership claims on public property

RE+D magazine
24.02.2023

Greek Parliament voted a bill that attempts to definitively clarify the ownership status of real estate which the public claims as public property.

With up to 80% discounts in fair value of the property and with installments starting at 100 euros a month, individuals can obtain definitive and full rights to claims.

Those who hold public real estate for 30 years without interruption have the right to be redeemed and proves to be used for 40 years and are practiced by tourism, craft and industry. In the first case, if there is a building, this must be constructed until 31/12/1991 while in the second the buildings should be built until 31/12/1981.

The redemption price is defined as the fair value of the property by an increase of 25% if there is a building and in areas outside the objective system the calculation is made on the basis of comparative data. If the building has been erected by the State, the double amount of the price is paid.

A discount of 1% per year of occupation is provided after 30 and 40 years with a maximum of 50% on the amount of the acquisition price.

In addition, it is foreseen to pay a reduced redemption price corresponding to 50% of the fair value of the property, if the applicant has been reported by the public property in the first cadastral registrations and has been treated by the State or the deadline for the exercise has not yet expired. .

They will not be redeemed by real estate that contradicts urban planning legislation or are archaeological sites, Natura areas, and forests.

Discounts with social criteria

Additional discounts with social criteria for the protection of vulnerable persons are foreseen. Depending on the case, the discount ranges from 15% to 30% on the redemption price.

In particular, discounts are provided:

• 30% if the applicant is a person with a disability of over 80% or hosts more than a year and has an annual personal income of up to € 40,000 or family up to € 60,000.

• By 20%, if a person with a disability rate of 67% or more with an annual individual income of up to € 18,000 or € 24,000 family income.

• By 20% if they are homogeneous repatriation, who has been registered in the registers or municipal registers or is a permanent resident of border areas (Law 1892/1990).

• 20% if they are large with an annual individual income of up to € 40,000 or € 80,000.

• 15% if it is a three -year -old with an annual individual income of € 25,000 or € 40,000. This percentage also applies to single parent families.

• 15% if long -term unemployed.

• 20% if they are beneficiary of the minimum guaranteed income.

• 15% if there is a building within the property that is the main and only residence for the applicant.

Facilitations in Payment

The payment of the price can be either a one -off with an additional 10% discount or in part in 60 monthly installments that may not be less than € 100.

In the event of late payment of the installment, no acquisition decision is issued and the case shall be set.

Find the law here.