According to a report in Ta Nea at the weekend, after the plan is implemented, perspective buyers will be able to check out details on property through the register’s online platform or smart phone application. After confirming the legal status of the property in question and a lawyer has conducted an inspection of the digitized deeds, buyers are going to be able to contact owners directly to negotiate sales. A public notary will then prepare a digital contract, which should be sent to the seller and buyer via email, and the buyer in turn will be expected to pay for the property and transaction fees via web baking, (while the owner sends the notary the property’s topographic site plan.) The final step will be for the notary to send the owner a digital certificate of the new property, along with a map reflecting the sale.
Without a doubt, this will obviously simplify the current procedures which are covered in red tape.
Ahead of the land registry’s digitization, around 44 local land registry offices are expected to gradually close up shop, or starting in January 2015.
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