Scope and limitations
Last updated: 2026-05-07
Ruaa publishes descriptive analytics on Greek and Saudi real estate. Our outputs combine public data, statistical models, and AI-generated commentary. They are intended to inform decisions, not to make them for you.
Nothing on Ruaa is investment advice, legal advice, tax advice, an appraisal, or a regulatory opinion. Real estate values can fall as well as rise. Past performance is not indicative of future results. Independent licensed advisors should be consulted before any transaction.
This page enumerates each analytical output, what it represents, what it does not capture, and the cadence on which it is refreshed. It is intentionally non-technical.
Outputs
Valuation estimate (AVM): Statistical estimate
This is a statistical estimate produced by Ruaa's proprietary valuation model. It is not a formal valuation, an appraisal, or an opinion of legal value. It does not replace a Greek certified appraiser (πιστοποιημένος εκτιμητής, Π.Δ. 113/2014) where one is required (e.g., for mortgage purposes, court proceedings, or tax disputes).
Ruaa Score: Descriptive metric, not a recommendation
The Ruaa Score is a descriptive composite metric. It is intended as analytical input, not as a recommendation to buy, hold, or sell. It does not take into account your personal financial situation, objectives, or risk tolerance.
Gross yield estimate: Illustrative, not a guarantee
A statistical estimate based on comparable rental data in the area. Excludes vacancy, management costs, taxes (ENFIA, income), maintenance, insurance, and capital expenditure. Not a guarantee of achievable rent.
Net yield estimate: Illustrative, not a guarantee
A statistical estimate that adjusts gross rental estimates for ENFIA, management/maintenance allowance, and income tax under default Greek tax-resident assumptions. Your actual tax may differ based on your residency, total Greek income, and applicable treaties. Not a guarantee of achievable net yield.
Forecasts: Modelled scenario, not a prediction
Forecasts represent Ruaa's modelled scenarios under stated assumptions. They are not predictions and not promises. Real estate markets are affected by macroeconomic, regulatory, demographic and geopolitical factors that cannot be reliably forecast. Past performance is not indicative of future results.
Regulatory zone information: Informational, not a legal opinion
This regulatory information is compiled from public sources (Hellenic Cadastre, Government Gazette, Ministry of Environment publications) and is updated periodically. It is informational only and is not a legal opinion. Regulatory boundaries (forest zones, archaeological zones, urban planning, short-term rental restrictions) can change without notice. Before any transaction, obtain a written legal opinion from a Greek lawyer and, where relevant, an architect's certificate (μηχανικού βεβαίωση).
Tax calculations: Illustrative, not tax advice
Tax estimates are illustrative, computed from publicly available rates and brackets at the date shown. Your actual liability depends on your tax residency (including double-taxation treaties), Greek-source income from other sources, family status, deductions, and case-specific reliefs. Not tax advice. Consult a Greek-licensed tax advisor (φοροτεχνικός).
Comparable property selections: Algorithmic selection
Comparables are selected algorithmically from Ruaa's transaction database. Property condition, finishings, and views are not fully captured by the algorithm and may materially affect price.
AI-generated reports: AI-generated, not advice
This report is automatically generated by Ruaa Intelligence using AI components. It is descriptive analytics, not investment, legal, tax or real estate advice. It does not consider your personal financial situation, investment objectives, tax residency, or risk tolerance. You should consult independent licensed advisors (real estate, legal, tax) before any transaction. Real estate values can fall as well as rise. Past performance is not indicative of future results.
Investment thesis statements: Auto-generated, not advice
Investment thesis content is generated automatically and reflects patterns observed in the input data. It does not consider your personal circumstances, is not investment, legal, tax or real estate advice, and should not be relied on as the sole basis for any decision.
Corridor Risk Brief: Informational summary
The Corridor Risk Brief is a periodic informational summary of factors that may affect cross-border Greek real-estate investments by Saudi-resident investors. It is not advice, not a regulatory opinion, and does not consider your specific facts. Sources and dates appear inline.
Golden Visa eligibility analysis: Informational, not a legal opinion
Eligibility analysis is informational. Final eligibility for the Greek permanent investor residence permit is determined exclusively by the Greek Ministry of Migration and Asylum applying Law 5038/2023 as in force at the time of application. Investment thresholds and zone classifications can change; verify before commitment.
Auction listings (eauction.gr): Active auction notice, source eauction.gr
This active auction is published on the official Greek government auction registry (eauction.gr) under the Code of Civil Procedure as a public legal notice. Ruaa surfaces active auctions as a discovery layer; the canonical record is held by the Notarial Association of Athens, Piraeus, Aegean and Dodecanese Islands Courts of Appeal at eauction.gr. Distressed clearing prices are systematically below open-market prices and are not comparable to asking-price or deed-cleared transactions. Verify all details on the official notice before acting.
Inside Airbnb data (CC BY 4.0): Source: Inside Airbnb · CC BY 4.0
This listing is sourced from the Inside Airbnb open-data project, which publishes anonymised Airbnb listing snapshots under the Creative Commons Attribution 4.0 International licence (CC BY 4.0). Ruaa re-displays the data with attribution as permitted by the licence; we do not own, operate, or verify the underlying listing. The original listing on Airbnb may have changed, been delisted, or no longer be accurate. The dataset is point-in-time, not real-time. For the canonical dataset, visit insideairbnb.com/greece/attica/athens/. The licence text: creativecommons.org/licenses/by/4.0/.
Data sources
Our analytical outputs draw on public Greek land registry data, public auction records, public tax-bracket schedules, public macro indicators, and listings sourced through authorised data partners. We do not publish vendor lists, dataset names, or model technique details on this page; those are produced under privilege via counsel where required.
Update cadence
Forecast signals: weekly. AVM yields: nightly. AVM calibration: weekly. AVM models: retrained on demand, not on a fixed schedule. Regulatory facts and tax brackets: each row carries the date it was last checked, shown where it appears. Listing data: refreshed when the provider delivers, and the latest delivery date is shown on the district pages.
What Ruaa is not
- Ruaa is not a real-estate broker. We do not represent buyers or sellers and we do not negotiate on your behalf.
- Ruaa is not an investment advisor. We do not give personalised advice on whether to buy, hold, or sell any property.
- Ruaa is not a valuation firm. Our automated valuation model does not replace a Greek certified appraiser (πιστοποιημένος εκτιμητής, Π.Δ. 113/2014).
- Ruaa is not a tax advisor. Tax estimates on the platform are illustrative under default assumptions; your actual liability depends on facts only a licensed tax advisor (φοροτεχνικός) can fully evaluate.
How to get authoritative information
For an authoritative property valuation, engage a Greek certified appraiser. For a legal opinion on regulatory zones, engage a Greek lawyer. For tax positions, engage a Greek-licensed tax advisor. For Golden Visa eligibility, contact the Greek Ministry of Migration and Asylum directly.
Questions about scope or limitations: privacy@ruaa.gr.