What struggles do we handle?

How about having one provider that manages all the services related to acquiring real estate in the Mediterranean, a macro-region that comes along with a wide range of investment benefits, but also a lot of uncertainty related to the buying process, especially for foreigners.

Challenges of Mediterranean

The Mediterranean region is a unique geographical and historical entity shaped over thousands of years, the "melting pot" of every possible world culture. It consists of both EU members and those outside the Community, on the southern and northern shores of the Mediterranean. In order to get possession of the desired property in the desired location, foreign legal and natural persons must invest great effort in familiarizing themselves with all the legal provisions and requirements in this vast region, which money alone cannot solve. Tax rates, exemptions, purchase proceedings, payment options – those are just some of the big challenges for all domestic, let alone foreign investors.

An overview of the main and possible actions we carry out. Do you prefer any of them? Let us know with UP-vote.

Access to "off market" listings, which you won’t find published online

Upon agreement • "Off market" properties bring buying and selling experience that we all strive for. Because, real estate listed for months will mostly not be the one for you.

Checking upon legal status of the property (Land Registry and Cadastre)

Necessarily • Verification of various acquired real rights on the currently owned property, such as rent, lease, restrictions on the disposal of the entire ownership or co-ownership, etc.

Checking the financial status of the property (e.g. lien)

Necessarily • Checking the various real rights that encumber the land plot or the built property, and can affect the financial picture of the property.

Advice on tax liabilities

Mediterra Squares suggestion • It's no secret that tax liabilities are subject to constant change in every part of the world, even in the country where you live. It is clear that you need to be aware of this inevitable segment that occurs in all your activities, including when buying a property and enjoying it.

Rational property valuations

Mediterra Squares suggestion • Valuation of real estate in the Mediterranean environment performs mostly in relation to the prices in the property neighborhood and the prices achieved by friends of friends, regardless of the condition of the property. Because of this anomaly, you need to know what you are potentially buying and whether it is worth your money.

Report on the micro-location of the property (examination of the existing infrastructure)

Mediterra Squares suggestion • The condition of the infrastructure around the place you are interested for is of particular importance. Access roads, the existence of cultural content, school and health facilities; checking the positions of neighboring plots of land and the neighborhood in general, can play a decisive role in choosing the location of your second home.

Compliance with the urban plan/zoning

Mediterra Squares suggestion • It is important to know the purpose of the location of the land you plan to buy, defined by zoning policy. Thus, an ideal opportunity can turn out disastrous if, for example, the plot has only a tourist purpose without the possibility of conversion in commercial.

Legal implementation of the sales contract

Necessarily • Transferring ownership of any property requires a broad knowledge of the legal regulations in the particular country in order to make the positive outcome of the registration in the Land books.

Monitoring of legislative changes related to real estate and property rights

Mediterra Squares suggestion • It is linked to point 8, and it is clear that knowledge at a given time related to a particular implementation proceedings doesn’t imply future knowledge, as it has to be refreshed & updated persistently.

Searching for your desired property and viewings organization

Mediterra Squares suggestion • Take any pressure away from buying something instantly at the location you’re visiting for the first time, especially if you come amazed and blinded by peaceful beaches and crystal clear sea. It is necessary to get to know the local place well and embark on a quality tour of the several properties.

AS OPTION #1: Managing your residence permit

As option • If the property is purchased for temporary or permanent residence, in order to stay out confronting public bodies and possible civil and tax violations, it is of utter importance to regulate this one.

AS OPTION #2: Managing the tax status of your foreign pension income

As option • If you enjoy temporary or permanent residence a foreign country, it is easily possible that you fall under the taxation of your pension that you receive from the country of your origin, where you earned it. This simply needs to be taken care of, so as not to get into trouble during retirement days, which should and must be peaceful.

List of Mediterranean countries
where you can count on our assistance

Located at the crossroads of Europe, Africa and Asia, the Mediterranean has been the world's largest hub of transport and trade for centuries, and can be said for millennia. Since the turn of the 2nd decade of this century, the whole region has been experiencing large inflows of foreign capital, mostly directed towards real estate. The Mediterranean region is the most popular tourist destination in the world, recording the best numbers before the COVID pandemic in 2019 with more than 400 million international tourist arrivals, with a constant annual growth of 4.9% since 1995.