{"id":10869,"date":"2024-11-06T16:41:40","date_gmt":"2024-11-06T15:41:40","guid":{"rendered":"https:\/\/www.secondhomerhodes.com\/what-forms-of-ownership-exist-and-what-are-the-advantages-and-disadvantages\/"},"modified":"2025-06-17T09:38:45","modified_gmt":"2025-06-17T07:38:45","slug":"what-forms-of-ownership-exist-and-what-are-the-advantages-and-disadvantages","status":"publish","type":"post","link":"https:\/\/www.secondhomerhodes.com\/en\/what-forms-of-ownership-exist-and-what-are-the-advantages-and-disadvantages\/","title":{"rendered":"What forms of ownership exist and what are the advantages and disadvantages?"},"content":{"rendered":"\t\t
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What forms of property ownership exist and what are the advantages and disadvantages?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You’ve dreamed for years about buying<\/a> a home in Greece – a place with a stunning sea view, direct access to the beach, and your favorite taverna within walking distance. Now that you’re ready to make that dream come true, it’s important to think about the different types of ownership you can choose. These forms determine how you can use the house and what your rights and responsibilities are. Here is an overview of the main types of ownership in Greece: <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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1. Horizontal ownership<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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With horizontal ownership, you buy part of a building, such as an apartment or basement, and get a share in the common areas, such as stairwells, parking spaces and gardens. This is often called an \u201capartment right\u201d in the Netherlands. The percentage of common areas you own can vary between owners. <\/p>

If you want to build additional amenities, such as a swimming pool or a barbecue in a common area, you may need to get permission from the other owners. This may require a permit, often a \u201cminor\u201d permit. Depending on the type of work you want to do, permission from all owners or a majority of them may be required. An engineer can review the specific conditions for permits. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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2. Vertical ownership<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Vertical ownership often involves a building lot. Here you own both the building and the surrounding land. Unlike horizontal ownership, there are no common areas that are shared. This often makes vertical properties more independent, although there may be exceptions, such as shared parking spaces or other amenities. <\/p>

Note<\/strong>: There may be regulations established by the original owner of the land that may contain restrictions on the use of the property. It is advisable to have these regulations checked by an attorney before purchasing a property horizontally or vertically. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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3. Exclusive vs. joint ownership<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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