Enhancing the Appeal of Greek Real Estate

Jean-Bernard WurmCo-Founder & Managing Director

TITLE INSURANCE

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• The Inconvenience

• The Risks

• The Uncertainty

Key Issues Facing Foreign Investors

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The Inconvenience

• A fragmented market

• A different legal system

• Documentation in the local language

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The Risks

• Lack of nationwide planning and zoning framework • Lack of a complete and reliable land registry• Fragmentation of ownership over a large number of

public entities• Incomplete and unreliable property database• Missing documents in the chain of title

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The Uncertainty

• Have you ever tried to sue a government?

• Litigation risks and costs

20th October 2016

The prime indicator of this shift in the economy will be the ability to attract investment capital and build confidence for foreign investors in Greece.

Source: Odysseus Athanasiou, CEO Lambda Dev. on CNBC, Sept. 29th 2016

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