Land Registry

The long delay in connecting the land registry with the tax office has created a distorted picture, as the tax office does not know who exactly owns each property or its actual square footage.

Dropping land prices as Greeks desperately sell their property to make ends meet, signal investment opportunities for foreign buyers. But before rushing to purchase coveted Greek real estate, here are some tips to keep in mind:

The head of Greece?s land registry on Tuesday proposed scrapping most of the tenders launched for the completion of the remaining 60 percent of the cadastre amid concerns about a lack of funds.

As of Monday, property owners will be able to access the land registry to view information that was accumulated before 2008, it was announced Friday.

Until now, owners could only see information that had been collected since 2008 even though 333 areas had been registered before then.

Nevertheless, the process of completing Greece’s much-delayed cadaster is proving a slow one.