You don’t say if the buyers are Greek or foreign? If they are Greek and don’t have the funds to pay outside of Greece then you would be subject to capital controls. If it’s a foreign buyer then it should be no problem including the deposit.symbiosis wrote:Hi all
So I have a buyer for my place BUT the big sticking point is I want the funds in the UK not in Greece. It seems with capital controls I cant transfer them (or I could but it would take forever and bit by bit).
I was informed by the estate agent that another seller had a cheque from NBG for the sale and successfully deposited it in their bank but that was Australia. The replies from the banks in Greece if they would honor the cheque was vague to say the least with some saying it would amount to a transfer, and therefore bound by the same controls....
Has anyone sold recently and managed it - if so how please?
Thanks a lot
Rather than transfer the funds into Greece the buyers transferred the funds directly from their bank in another EU country directly to the seller's bank in the UK. I don't know the details but I think a certain amount was transferred into Greece, e.g. the deposit, but that was mostly used to pay fees in Greece so there wasn't much, if any, to transfer back out again.
Kathleen wrote:The final sum is to be transferred from the Netherlands to my UK account. It is written into the contract that I must prove the receipt by the production of bank statements.
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