Hellenic Cadastre, responsible for Greece's property records, faced delays and inefficiencies as property transactions required manual processing of paper documents, leaving some citizens waiting months or even years to legally own their property.
To address this, Hellenic Cadastre built a system that reads and categorizes property contracts, applies legal rules, and provides assessments for approval using Azure OpenAI Service.
Today, property transaction assessments take less than 10 minutes instead of hours, reducing costs from 15 euros to 0.11 euros per assessment. The system also enhanced property owners' legal security and boosted the Greek economy by enabling transactions to be completed sooner.
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