Minister: AI will speed up transactions for investors on Greece's land registry

Greece will be able to offer investors very high speeds in property transactions, partly due to the use of artificial intelligence (AI) in issuing administrative decisions in the National Cadaster, Greece's land registry, Deputy Digital Governance Minister Constantine Kyranakis said online at Export Summit X taking place in Thessaloniki on Thursday, ANA reports.

Speaking at the summit online, Kyranakis said, "Greece is among the first countries in Europe to apply AI practically in public administration. Recently, at the Cadaster, the first public agency to adopt AI for support in issuing administrative decisions, we have seen a massive improvement in terms of time and cost."

AI has helped in the greatest outstanding issue in the land registry related to the transfer of properties, which has plagued and continues to plague citizens and investors, the e-governance deputy minister said. "In a few months we will be able to resolve them fully and offer legal security and very high-speed rates in transactions of properties for every investor," the minister added. 

In areas where the registration of property has been completed, investors can already use the "akinita.gov.gr" platform (https://akinita.gov.gr/profile-selection) to get a certificate of transfer and utilize their property in a single working day. Similar efforts are made with AI's help in sectors such as health and justice, to "show investors and EU partners that Greece looks ahead of the EU average as to what is feasible and what the challenges are," Kyranakis said.

Connectivity issues

He also reiterated that at the ministry 5 very important deals were signed, relating to works to utilize satellite data: in 2026, Greece will have, for the first time in its history, 13 Greek-owned microsatellites already being constructed that will provide geospatial data with multiple applications in civil protection and other sectors: data on earth, climate change, agricultural development, state of the soil and of the borders.

Greece has managed to rise in the Digital Economy and Society Index (DESI) of Europe from a very low position in 2019 to above the European average, in most subindexes, Kyranakis noted.

Nevertheless, it remains behind in sectors such as digital infrastructure (e.g. optical fiber networks), partly because of its terrain (mountainous and island regions) that forces it to look for alternative connectivity solutions: e.g. satellite Internet through companies like Starlink, or connecting to infrastructure through 5G networks and submarine cables. 

In the latter case, Kyranakis said, Greece has entered the field strategically through collaborations with Saudi Arabia, Israel, and other countries around the Mediterranean "in order to reach the point where every corner of Greece has a strong Internet."

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