Real Estate · Greece
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The Greek government is set to introduce significant reforms in property laws concerning apartment buildings, aimed at modernizing a system that has remained largely unchanged since 1929. New legislation is expected to address long-standing issues such as unpaid communal charges and the management of apartment associations, which have historically been sources of disputes among residents.
Key changes include allowing the division of larger apartments into smaller units and enhancing the powers of building managers in financial matters, including the collection of communal fees. The proposed reforms will facilitate processes for managing defaults on maintenance payments and aim to expedite conflict resolution between residents. Stakeholders anticipate that these modifications, which are to be finalized by the end of the year, will foster a more harmonious coexistence in shared living spaces.
These alterations are prompted by the complexities and challenges that apartment residents have faced, particularly evident during meetings that have become synonymous with disorder. The new regulations are intended to streamline the administration of communal living and promote better governance within these shared spaces, ultimately benefiting millions of citizens living in apartment buildings across Greece.
7 July
The 1929 legislation on apartment buildings is being overturned with new changes to shared costs and owner relationships.
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