Buying a new build in Thessaloniki and checking the developer agreement
If the developer has given you a floor plan and an instalment schedule for a flat still under construction, keep them with the draft agreement. We check what the seller has agreed to deliver, when each payment is due and who can sign the transfer.
What we check in the title and developer agreement
Who can sell you the property
We start with the title documents and any registered encumbrances. If the landowner and developer are different parties, we also read their agreement to see who can transfer the particular flat to you.
What you are buying and when you pay
We read the draft agreement alongside the floor plan. We check how it describes the flat and any storage unit or parking space included in the sale. If an instalment is tied to progress on site, we check which stage of construction must be complete before you pay it.
What the agreement says about handover
We look at the agreed handover date and the specifications the seller has agreed to meet. We also check what the draft says if the floor plan changes, the work runs late or the purchase falls through.
Have you already been given a draft agreement?
When you first contact us, tell us which flat you are considering and when you have been asked to pay or sign. Have the documents you were given to hand, especially the draft agreement, floor plan, technical specifications and any payment or handover schedule.
Common questions about buying a new-build property
Ask for the terms in writing. Check who receives the money, which flat they are holding for you, when the reservation expires and whether the payment comes off the purchase price. Check what the terms say about a refund if the title search reveals a problem or the mortgage you need is declined.
Lampriní Papaioannou
Attorney at the Court of Appeal
Lampriní Papaioannou reviews title documents and developer agreements for people buying newly built homes or properties that are still under construction.
Meet the team