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Technical Due Diligence

Technical Due Diligence

When buying property in Greece, Valueprime is here to safeguard your interests. The property buying procedure in Greece is complex and demands high expertise, deep knowledge of the technical legal framework and capacity to provide solutions.

The Technical Control consists of two steps:

a. Check of the legal integrity of the construction and issue of the respective "Law 4178/13" certificate. This certificate is necessary to be in the Notary’s hands on the day the contract is signed. The property must be fully compliant with the architectural study submitted to the authorities at the time the building permit was issued. If this is not the case, the owner has had an opportunity to regularize it through a series of laws enacted since 2010, the last one being the "Law 4178/2013", by paying a fine. If the owner has not regularized his property, then the transaction is impossible so the buyer has spent a lot of time and, maybe, money on a property that could not be sold at the first place. Valueprime’s engineers undertake the regularization of property even when the owner is absent, responsibly and integrally.

b. The Energy Certificate issue. This certificate ranks the property in the appropriate Energy Class. The Energy Class gives an idea of the energy that has to be spent during the year in order for it to operate sufficiently (for heating, cooling, hot water, lighting etc.). The Energy certificate is also necessary for the transaction to be carried out.

Valueprime’s Engineers have long experience in the Greek Property Market. International buyers trust them for securing a technically integral Investment.

Athens, Greece _ Mobile: +30 693 2252930 _ astrongyloudis@gmail.com