Real Estate Maturation

The utilization of a property depends on important urban, spatial and legal parameters that sometimes make it difficult or even impossible.

Real estate maturation, as perceived and applied by Property Intelligence, is the service in the legal sense of the term, through the assumption of power of attorney with a project contract, to perform all necessary actions to ensure the unimpeded and immediate use of the property.

Real estate maturation is divided into three main areas, which are analyzed briefly below:

  • Technical maturation
  • Legal maturation
  • Commercial maturation

A. TECHNICAL MATURATION

Technical maturation as a process concerns the provision of the necessary controls, studies, certificates, approvals and permits of urban, spatial and institutional character by the competent public services for the reconstruction and utilization of the property, up to the stage of issuing pre-approval, approval and building permit. including proposals for its utilization. In detail, it concludes:

Attestation from the Forestry Office Validation for expropriation limit
Attestation from the Archaeological Service 1 Lateral distance control
Attestation from the Archaeological Service 2 Distance control from the roads
Attestation from the Directorate for Agriculture Economy for designation of high-productivity land Land use control, General Urban Plans (GSPs), Spatial and Housing Plans for Open Cities (SCHOOAP)
Attestation from the Directorate for Agriculture Economy for vicinity with sheep shed Control of restrictions , General Urban Plans (GSPs), Spatial and Housing Plans for Open Cities (SCHOOAP)
Inspection for adequacy through titles Control of seashore and beach lines
Cadastral inspection Geological stability control of soil
Stream delimitation Control of compatible and disturbing uses
Ridge control Inspection of future planning- infrastructure projects ( roads, expropriations, ports, airports)
Attestation no.7 Inspection for Natura
Attestation for non-occupation of municipal space Validation for road boundaries from the Regional Unit
Pre- approval of a building permit Building approval- authorization

B. LEGAL MATURATION

C. COMMERCIAL MATURATION

With this process we undertake the formulation of a proposal for the utilization of the property as well as market research studies, viability studies, studies of techno-economic analysis of the proposed investment – in case your property is a property for commercial development -. Our aim is to ensure its maximum commercial value for the owner but also to ensure the investment and reduce the risk for the investor.

We integrate in this concept the evaluation of the wider area through the “evaluation index of the wider area and the position of the investment”, the quality characteristics, the natural environment, the historicity, the peculiarities, the points of interest of the area, but also the existing as well as the  potential threats. Analytically:

The urban- design features of the estates

  • Location
  • Acreage
  • Construction terms
  • Permitted land-uses
  • Αreas within and outside urban planning zone
  • Accessibility ( road)
  • Suggested utilization
  • Water
  • Electricity
  • Sewage disposal

Features of the location of the estate

  • Distance from the nearest residential area
  • Nearest residential areas
  • Distance from the airport- port
  • Distance from the nearest urban center
  • Distance from the sea
  • Google map
  • Map with beaches- restaurants

Features of the surrounding area

Features Assesment/evaluation
1 Natural environment Mediocre/Good/Very Good/Excellent
2 Structural habitat Sparse/Medium/Dense
3 Degradation- Sources of degradation Yes/No
4 Disturbing installations Yes/No
5 View Mediocre/Nice/Very Nice/Excellent

All of the above converge and are summarized in an indicator called Pi INDEX which shows us the level of maturity and readiness of the investment.