NEWS

Land register after 2016

A government scheme to set up Greece’s first-ever land register will cost another 2 billion euros to execute and is unlikely to be completed before 2016, according to a study by the Technical Chamber of Greece (TEE) and presented to Public Works Minister Giorgos Souflias yesterday. Half of the project’s funding can be acquired by levying a 35-euro charge on property owners – up from the current 20 euros – with the remaining half coming from state coffers, according to the study. The report proposed the creation of an extra 13 land registry offices – one for each of the country’s regions – to provide expert advice to homeowners getting their properties registered. The 54 existing offices have recorded about 2 million land titles to date, it said. The chamber said the next five years should be spent on recording properties in urban areas, as it is less costly.