GREECE Trends and Developments Contributed by: Ioanna Alexandropoulou, Konstantinos Plastiras, Filippos Lamnidis and Sergios Lamnidis, Lamnidis Law
that aligns with the long-term health of cities, neighbourhoods and communities. Law, policy and purpose: a new role for legal advisers For legal advisers, this evolving environment demands a more sophisticated approach. It’s no longer enough to identify a qualifying property and process the paperwork. Legal practitioners must now assess a property’s zoning classifica - tion, size, legal history and future viability – not to mention navigate transitional clauses, cross- reference start-up eligibility (if advising under the Elevate Greece route) and remain alert to chang - ing fiscal incentives. The due diligence process has become more multi-dimensional, requiring collaboration across disciplines and a deeper understanding of legislative intent. But with that complexity comes opportunity. The current legal regime offers a chance to align cli - ent interests with national priorities, unlocking value in areas and asset classes that were pre - viously overlooked. Whether advising private investors, developers or institutional clients, lawyers today play a more strategic role than ever – helping shape investment that is not only legally sound but socially responsive. At its core, the reform of the Golden Visa pro - gramme tells a story of evolution – one in which Greece is not turning its back on foreign invest - ment, but simply asking more of it. By reshaping where, how and why capital enters the property market, the state is asserting a clearer vision of sustainable growth – one in which economic gain does not come at the expense of commu - nity resilience. The gradual exit from the crisis and the upgrad - ing of Greece’s economy to investment grade is orienting Greece and already imposing it on the
markets as an investment destination, so that the considered restructuring of the Golden Visa programme, and the focus of the state’s devel - opment policy on productive investments, has become more necessary and possible than ever. And for those of us working at the intersection of law, real estate and policy, that vision offers both a challenge and an invitation. Artificial Intelligence in Greek Real Estate Transactions: Legal Opportunities and Regulatory Gaps The rapid evolution of artificial intelligence (AI) is reshaping traditional industries, and real estate is no exception. From smart property valuations to automated legal due diligence, AI has the potential to streamline processes and reduce transactional friction. In Greece, a country with a traditionally conservative legal and real estate framework, the infusion of AI into property trans - actions raises compelling questions. As the Greek real estate market undergoes a renais - sance, partly fuelled by foreign investment and digital reforms, the legal system must anticipate the opportunities and risks of AI integration. This section explores the legal impact of AI on Greek real estate transactions, identifies regulatory gaps and proposes a roadmap for harmonising innovation with legal certainty. Smart tools meet complex systems: applications of AI in Greek real estate The application of AI in real estate spans several operational and legal touchpoints. In Greece, the process of buying and selling real estate remains document-heavy, involving land title checks, zon - ing regulations and urban planning compliance. These are fertile grounds for AI intervention. Firstly, in relation to the integration with the Greek Cadastre, the ongoing digitalisation of the Hel - lenic Cadastre is a natural ally to AI. Once fully
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