People with properties in Greece must register them in the newly updated National Titles Registry (Ktimatologio).
The development of the Hellenic National Titles Registry – a private company owned by the state – aims at the creation of a modern, fully automated real estate property record, whose details are of an evidentiary nature, ensuring the best publicity and security of transactions. The registration of property is a gradual process and has not yet covered the entire country. At regular time intervals, Ktimatologio invites people from different parts of Greece to register their properties. This time the invitation is extended to people with properties in six cities in Macedonia. People with properties in Edessa, Katerini, Kozani, Poligyros, Florina and Thessaloniki, are now required to declare it in the new National Titles Registry (Ktimatologio).
Greeks living abroad, with properties in the aforementioned regions will have to declare their assets to the new National Titles Registry in the next four months, starting from Monday 26 August. For the City of Thessaloniki the starting date is September 11.
The deadline – within which interested property owners in these areas must ensure that their property is correctly reported – is two months for residents of Greece. For Greeks abroad that period is extended to four months.
All beneficiaries with assets in these areas must communicate with their representatives in Greece, in order to ensure that the documents sent to them by the Hellenic National Titles Registry properly describe their properties. If a description is not correct, the objection has to be submitted within the deadline. This is for those who have already declared their properties.
If you own the property in the above mentioned areas and you haven’t registered it yet, you may still do so, filling in the Land Register statements, following clear instructions.
For those who are not able to follow this process themselves, it is advised to consult a person who knows how to interpret real estate contracts and how to prepare correctly the statements required.
Apart from the above mentioned areas, each property owner in any other part of Greece should make sure that it has declared and properly recorded his assets, or that the process of land registering has not yet begun in their region.
If the property is not declared to the Titles Registry, the owner loses the right to the property and is only entitled to compensation.
The inauguration of the new Titles Registry marks the transition from the old regional system of “Registrations and Mortgages” to the new national system. In particular, the books kept by the competent mortgage office serve as archives, while all transactions are now executed by the Titles Registry, and the registrations of properties are performed in the National Cadastre (Registry) Information System (NCIS).
For more information in both English and Greek, visit www.ktimatologio.gr/ktima/en and fill in the Expatriates Communication Form for further enquiries.