Step one is whether foreigners may own property there at all. Certain jurisdictions allow outright ownership of built housing but restrict land plots; in other places, the authorities require a local company or a long-term lease in place of direct title. Such restrictions change from time to time, so check them before you commit, not from an old forum post.
What follows is due diligence on the buy property in central greece and the peloponnese itself. A local lawyer you hire yourself ought to check the title, existing charges, building permits and whether the seller is actually the person entitled to sell. In several jurisdictions, unpaid utility bills follow the property, rather than the seller.
Money needs planning of its own. Setting up a local account is often a precondition for the transfer, and local banks typically ask penthouses for sale in spain documented origin of the money. Moving money across borders can move the final figure noticeably, so compare providers before transferring.
A reservation contract usually comes first: a modest payment reserves the unit while checks are completed. Look closely at the refund conditions if the inspection reveals a problem. A clear provision refunds the sum when the defect is on the seller’s side.
Closing normally takes place before a public notary or an equivalent official, depending on the legal system. The transfer only becomes final after registration, and this can take weeks in some countries. Retain the full file — contracts, proof of taxes paid and the ownership certificate. These will matter for any future sale.
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