Greek notaries are legally responsible for every property transfer but legally prohibited from holding purchase funds. December 2024 changed the payment rules. REXE provides the infrastructure to comply.
Without a regulated escrow mechanism, Greek property transactions rely on the buyer transferring funds directly to the seller's account at deed signing — with no independent protection if the transaction fails, the title is encumbered, or a dispute arises.
Since December 11, 2024, all property payments must be made by banking methods. Cash transactions — or contracts that record cash payments — are automatically void. REXE's Payment Confirmation Certificate documents that funds moved via regulated banking channels.
AADE (the Greek tax authority) treats unexplained bank credits as undeclared income, taxable at 33%. REXE's documented escrow trail — timestamped, counterparty-verified, milestone-referenced — provides both buyer and seller with a clean, defensible fund provenance record for any AADE inquiry.
REXE is live in Greece. Whether you're a buyer, seller, lawyer, or notary — get started today.