The real estate market in Greece has experienced remarkable growth in recent years. According to data from ELSTAT, between 2014 and 2023, the total number of notarial acts increased from approximately 501,000 to 838,000 annually, with projections to reach a maximum of 900,000 acts per year within the next 2–3 years. This upward trend has been supported by the recovery of the Greek economy, the increase in foreign real estate investments (Golden Visa program), and the digitalization of certain administrative procedures.

In 2024, foreign capital inflows exceeded €4 billion, with over €824 million invested in property purchases in the last quarter alone.

Real Estate Transactions Within Total Notarial Acts
The greatest workload for a notary is associated with property sales, which account for approximately 14.6% of all notarial acts. However, due to their complexity, they are likely the most time-consuming type of notarial procedure.

Specifically:

• In 2014, 43,443 real estate transactions were recorded
• In 2023, the number rose to 122,123 — nearly triple
• Under a maximum workload scenario (900,000 acts/year), real estate transactions are projected to reach approximately 131,000 annually

This means that the demand for completing such transactions far exceeds the infrastructure and processing capacity available.

How Many Notaries Are There in Greece?
Greece has approximately 2,529 active notaries, mainly concentrated in urban centers:

• Athens: ~500
• Thessaloniki: over 200
• Piraeus: over 100

Compared to countries of similar population size, the number of notaries is considered moderate and has slightly declined in recent years.

Workload per Notary
Property sales in Greece cannot be completed without a notary’s presence and signature. Under Greek law, a property purchase contract is considered void without notarization, making the notary the central figure in the transfer process. No property can change ownership unless the transaction is executed before a notary.

At full capacity:

• Each notary would execute around 356 acts/year in total
• Of these, ~52 would be real estate sales (i.e., 4–5 per month)

However, each sale takes on average 6 months from initiation to signing, meaning each notary has about 26 active real estate files simultaneously, leading to:

• Delays in contract signing
• Backlogs of pending transactions
• Inability to promptly serve citizens and investors

titlos.com’s Innovative Solution
One of Titlos.com’s key advantages is that notaries are entirely relieved from the burden of guiding clients through the property file preparation process. The platform fully undertakes the collection and organization of all required documents, so that the notary receives the case 100% ready for final review and contract drafting.

This allows:

• Notaries to focus solely on their role as guardians of legal accuracy
• Avoidance of time and energy dispersion across preparatory steps
• Minimization of errors, omissions, and delays in file preparation

titlos.com transforms the notarial act into a structured, ready, and secure process without requiring the notary’s ongoing involvement in each preparatory step.

titlos.com is the first fully integrated platform that digitizes, simplifies, and supports the execution of a real estate sale. It offers:

• Smart property file creation
• Automatic document tracking
• Centralized communication with agents, notaries, buyers, sellers, and lawyers

Using the platform, the average completion time of a transaction — from the moment the buyer is invited — is reduced from 6 months to 1 month.

What This Means in Practice
With titlos.com:

• Each notary can easily manage 48–60 property sales per year
• Finalize 4–5 contracts per month
• Rather than struggling with 26 sales per year, some of which may not even be completed

This results in:

• An ~85% reduction in workload
• Freed time and capacity for new cases — more transactions = more income for notaries and a freer property market
• Faster service for more citizens and investors

Impact on the Economy and Public Administration
Faster transaction processing:

• Increases Greece’s attractiveness as an investment destination
• Reduces bureaucracy in property sales
• Improves the efficiency of public administration and tax collection

The digital transformation of the notarial sector is of critical importance, and titlos.com offers the most immediate and practical solution.

The Greek real estate market does not lack demand — it lacks processing speed.
With the right technological intervention, property transactions can become fast, secure, and transparent.

titlos.com is not just an application — it’s the platform that can solve the long-standing bottleneck and transform the Greek real estate market.

‍

‍