The key elements of the new Cadastre bill were presented by Minister of Digital Governance Dimitris Papastergiou and Deputy Minister Konstantinos Kyranakis during the Cabinet on Tuesday.

The main goals are to complete the Cadastre by 2025, incorporate Artificial Intelligence (AI) into the legal review of contracts and streamline real estate transfer procedures.

The bill outlines the completion of the cadastre by 2025. Cadastre will become the sole authority managing all real estate transactions. It will implement uniform rules and digital tools for everyone and unify the records of the mortgage registries. Additionally, mortgage registries will be permanently closed by the end of 2024. The final deadline for real estate declarations is set for November 30.

AI will be utilized in the legal review of contracts, significantly reducing the processing time for complex cases to less than half. The bill establishes a framework for the safe use of AI.

The new bill also facilitates easy and quick corrections of errors in old land registration studies. All procedures will be conducted electronically through a digital platform, accelerating the process by up to one-third.