The Price List of encroached public properties
The Price List of encroached public properties
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The Price List of encroached public properties

What does the draft law of the Ministry of Finance that was put into consultation provide.
RE+D magazine
23.01.2023

The draft law entitled "Regulations for State-owned properties and other provisions" which was submitted for public consultation (until February 2) is an effort to address a long-standing problem concerning the ownership status of the occupied public properties of the Ministry of Finance.

According to the draft bill, those who own public properties for a 30-year period continuously have the right to buy it and prove the use of the real estate, owned for a 40-year period and carry out business activities related to tourism, craft and industry. In the first case, if there is a building, it must have been constructed by 12/31/1991, while in the second case, the buildings must have been constructed by 12/31/1981.

Maximum purchasable area for real estate, which are located within a city or settlement plan, is defined as an area equal to the maximum of the minimum area of a square and a buildable plot, as a rule or by exception, in accordance with the urban planning legislation in force at the time of submitting the application acquisition. As an exception, the acquisition of a larger area is allowed, as long as it contains, in whole or in part, buildings or their ancillary facilities, which constitute a single functional entity.

The maximum purchasable area for properties, which are outside the city or settlement plan, is defined as a single area of ten acres at most. Exceptionally, more than one public property outside of a city or settlement plan can be purchased by the same applicant, provided that the total of public properties to be purchased does not exceed twenty acres at most and each public property to be purchased does not exceed the ten acres. It is possible to purchase a larger area and up to a maximum of thirty acres in total, as long as it is either covered by buildings or by necessary infrastructure projects or facilities of any kind of legally operating business or the building factor of this area has been used for the construction of the buildings. In all the above cases, if the remaining portion after the acquisition of the public property becomes uneven and unbuildable, it is mandatory to acquire it from the applicant.

The acquisition price is defined as the objective value of the property with a 25% surcharge if there is a building and in areas outside the objective system, the calculation is based on comparative data. If the building has been erected by the State, double the amount of the price is paid.

A discount of 1% per year of ownership is provided after 30 and 40 years with a maximum of 50% of the purchase price.

In addition, the payment of a reduced purchase price corresponding to 50% of the objective value of the property is provided, in case the applicant has been listed as the owner of the public property in the first cadastral registrations and an action has been brought by the State or the deadline for the exercise has not yet passed .

Properties that contravene urban planning legislation or constitute archaeological sites, natura areas, and forest lands will not be acquired.


Discounts with social criteria

Additional discounts with social criteria are provided for the protection of vulnerable persons. Depending on the case, the discount ranges from 15% to 30% on the purchase price.

Specifically, discounts are provided:

  • By 30% if the applicant is a person with a disability of more than 80% or hosts persons for more than a year and has an annual individual income of up to €40,000 or a family income of up to €60,000.
  • By 20%, if he is a person with a disability rate of 67% or more with an annual individual income of up to €18,000 or a family income of €24,000.
  • By 20% if he is a returnee expatriate, who is registered in the municipal registers or censuses or is a permanent resident of border areas (law 1892/1990).
  • By 20% if he has many children with an annual individual income of up to €40,000 or €80,000 family income.
  • By 15% if he has three children with an annual individual income of €25,000 euros or €40,000 family income. This percentage is also applied to single-parent families.
  • By 15% if he is long-term unemployed.
  • By 20% if he is a beneficiary of the Minimum Guaranteed Income.
  • By 15% if within the property there is a building that is the main and only residence for the applicant.

The payment method of the price can be either once with an additional discount of 10% or in installments in 60 monthly installments that cannot be lower than €100.

In case of overdue payment of the installment amount, no redemption decision is issued and the case is placed on file.

The takeover is considered "potential" and the State will be able to raise an issue and block it through the special committee that is set up.

The application for the acquisition of the real estate and the accompanying supporting documents will be submitted to the special digital platform (special information system "Applications for the Acquisition of Public Properties"). Upon submission of the redemption request, a fee of €300 is paid which is offset against the redemption price.