Information on the hire purchase of a Greek property
A hire purchase is a property purchase in which the tenant can buy the house or flat he or she lives in after a certain period of time. Up to this point, the tenant does not own the property but remains a tenant.
There are usually two different models for hire purchase, which are very similar except for a few points. The first variant is nothing more than
a classic property purchase. In principle, hire purchase is an instalment purchase with fixed terms, interest rates and the amount of the instalment payment. The hire purchase is concluded via a local notary and is subject to conditions.
The second variant usually includes the same points as the first variant, plus various items from the option right, which can be incorporated. We mainly offer our customers the first option.
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