Apartment Buildings in Greece: Changes to Common Expenses, Units, and Managers Under New Ownership Code

Greece is introducing a new Code of Ownership for apartment buildings, bringing significant changes to how properties are managed and utilized. The updated regulations will impact various aspects, including the handling of common expenses, the division or merging of apartments, and the responsibilities of building managers.

One of the key focuses of the new code is to tackle the persistent issue of unpaid common fees, a long-standing problem in many apartment blocks. The legislation also aims to streamline processes for renovations and energy efficiency upgrades, encouraging owners to modernize their properties.

Furthermore, the reform emphasizes the integration of digital tools. The Land Registry and the newly established Electronic Building Identity are expected to play crucial roles in ensuring more accurate property records and clearer ownership rights. These measures are designed to bring greater transparency and efficiency to the management of multi-unit residential buildings across Greece.