Author Topic: Property seizure  (Read 3613 times)

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Offline Maik

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Property seizure
« on: Wednesday, 05 August, 2015 @ 11:15:32 »
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Greek State to seize real estate property of “unknown owners”
The true owners may claim compensation via the courts, but not ownership of the land itself

About 10,000 plots of land and buildings that do not appear to be owned by anyone are about to be passed on to the State, reveals an article in Wednesday’s edition of Ta Nea.

The article notes that the real estate in question was documented in a cadastral survey that was carried out between 1997 and 1999 in 340 areas in Greece. So far, about 200,000 plots do not appear to have owners, with 160,000 being fields and plots, while the remaining 40,000 are buildings, apartments and stores.

According to the relevant legislation any land that is not declared at the Land Registry is passed on to the State.

Paradoxically, ownership of a lot of these plots and buildings may already belong to the State, as up until the summer of 2013 the Greek state was not obliged to declare its assets to the Land Registry.
http://www.tovima.gr/en/article/?aid=727701