For many international investors, the logistics of purchasing property abroad can feel daunting. The idea of flying back and forth to sign papers or inspect construction sites often acts as a barrier to entry. However, the Greek real estate market has adapted rapidly to global demand. Today, buying a property in Athens remotely is not only possible but is also a standardized, secure process.
With the help of modern technology and legal safeguards, investors from the US, UK, or Asia can secure assets in Greece without leaving their home countries. Here is how the remote buying process works for new-build properties.
1. The Era of Virtual Inspections
The first step is overcoming the visual barrier. Professional agencies no longer rely solely on static photos. The standard now involves detailed video tours and live video calls.
During a live inspection, an agent walks through the construction site or showroom, allowing you to examine specific details—from the view on the balcony to the quality of the fixtures. This real-time transparency ensures that what you see is exactly what you get.
2. The Power of Attorney (PoA)
The legal backbone of a remote transaction is the Power of Attorney. You can sign a PoA at the Greek consulate in your country of residence, authorizing a reputable lawyer in Greece to act on your behalf. This allows your legal representative to:
- Apply for your Greek Tax Number (AFM).
- Sign the reservation and pre-contract agreements.
- Perform due diligence on the developer.
- Finalize the property transfer.
3. Managing Payments and Installments
One of the most attractive aspects of the current market is the ability to pay over time. As mentioned in the article, developers offer flexible installment plans that span up to four years.
Managing these payments remotely is straightforward. Once your lawyer verifies the contract, payments are made via bank transfer at specific construction milestones. This “pay-as-you-build” model reduces risk, as you are not required to pay the full amount upfront, and you can monitor progress digitally before releasing the next tranche of funds.
4. Digital Paperwork and Security
The days of endless physical paperwork are fading. Most documentation regarding energy efficiency, floor plans, and contracts is now handled digitally. Agencies like Avezor Greece provide secure digital folders for clients, ensuring you have an organized, accessible history of your investment.
By leveraging these remote tools, you can lock in current prices before they rise, securing your foothold in the European market with minimal travel and maximum efficiency.