Investment in Greece: How to Manage It Remotely
You have taken the step and invested in a property in Greece, or you are seriously considering it, and one question inevitably comes up: how can you actually manage a property from hundreds, or even thousands, of kilometres away?
This is often the issue that holds investors back, even more than the budget or the property search itself. And yet, with the right tools and the right partners, managing a rental investment in Greece remotely is entirely possible, and even simpler than many people imagine.
The Notarial Power of Attorney: The Key to Acting Without Travelling
Before even discussing day-to-day management, there is one essential legal instrument to understand: the power of attorney.
In Greece, many stages of a real estate transaction — signing before a notary, tax procedures, registration with the land registry — theoretically require physical presence. A power of attorney allows you to legally delegate these actions to a trusted representative, without having to fly to Greece every time.
There are several types:
A general power of attorney gives your representative broad authority over all decisions related to your property: renovations, rental contracts, administrative correspondence. It is useful if you want full delegation.
A special power of attorney limits the representative’s powers to a specific operation: selling a property, signing a lease, or carrying out a particular tax procedure. It offers greater control.
A notarial power of attorney, certified by a Greek notary, provides maximum legal validity and is accepted without dispute by Greek banks and public authorities.
A consular power of attorney can be drawn up directly at a Greek consulate in your country of residence, without requiring you to travel to Greece. It is practical, efficient, and often little known.
The choice between these options depends on your situation, the type of operation to be carried out, and the level of trust you place in your representative. In all cases, it is strongly recommended to work with a French-speaking lawyer specialising in Greek real estate law to draft and validate this document.
At Bnbproperty, we connect our clients with partner lawyers who are highly experienced in these procedures.
Relying on a Local Property Management Agency
This is the cornerstone of a successful remote investment. Entrusting the management of your property to a professional local agency gives you real peace of mind and helps you avoid many potential difficulties.
What Good Property Management Includes
A serious agency does far more than simply collect rent. It handles the entire rental life cycle:
tenant selection: solvency checks, file preparation, presentation of candidates;
drafting and signing the lease on your behalf, through a power of attorney;
financial monitoring: rent collection, monthly transfers, detailed reporting;
management of unpaid rent: reminders and involvement of a lawyer if necessary;
technical maintenance: coordination of interventions and access to a network of trusted service providers;
monitoring of insurance policies and tax obligations linked to the property.
At BnB Property Management, all these services are available Both in English and in French. Owners living abroad receive a detailed management report at the end of each month, together with the transfer of their rent to a French bank account if needed.
The management contract can also be signed remotely, electronically.
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