Buying real estate in Greece
Exchange Rate: Click here for exchange rate details
Information for the weather in Greece is available here Weather Info Here.
Click Here for UK medical advice provided by the NHS
Outside money used to buy a property in Greece should
be officially documented and declared to the Bank of Greece.
Real Estate Prices in Greece
Locations to buy real estate in Greece
It is usually more expensive to buy real estate in coastal and Island resorts in Greece but beneficial when re-selling to own property in such areas. Crete is popular for winter residency.
Living & Costs in Greece
Generally lower than other EU countries although luxury goods like cars are expensive. Click here for more information about Athens the Capital of Greece
It is true that in the summer, you are practically guaranteed totally clear skies and a furnace-like sun and that you might even find yourself beginning to pray for rain or even for just a little cloud. However, there is so much more than the sun, sea and sand. Greece is a country full of fascinating historical and cultural relics, both on the mainland and islands of the Cyclades, Dodecanese, Ionian and Sporades groups. Each of the islands is surprisingly different with a particular character, set of customs and treasures to discover. You just need to hop onto a moped or bicycle, don those hiking boots and head away from the beach resorts for a day or two.
Greece is rich in wine and food and the Greeks love to party. Retsina and fish is as good a Mediterranean diet as you will find anywhere and for later on there's tsipouro, a pleasant alternative to the ouzo that everybody has a scare story about. Remember, the real Greece of ancient history and lively, but traditional nights is not readily advertised to outsiders and the Greek people are happy for you to come and enjoy their country, but not too bothered if you don't.
Buying real estate in Greece
deposit of 10-30% (normally 10%) is paid after an agreement to buy
is signed which should include buying price details and due completion
date, which varies but can be done in under a month. The balance of
the purchase price is payable on signing the purchase deed before a
public notary in Greece. The notary will check that your property has
the clear title before completing the sale agreement. They will charge
around 1-2% of the property value to do this.
will act on your behalf in payment of any local taxes and register
the property deeds with the Land Registry as freehold. Solicitor/lawyers
fees are usually 1% of the properties value with a fraction charged
on top for real estate exceeding a certain value.
fees for buying real estate in Greece total 15 -20%. Purchase tax is
charged depending on the properties value at between 9-11%, in addition
2% is charged on top for properties located in cities. Land registry
fees should be about 0.3% of the assessed value plus a small sum for
stamp duties and certificates. Real Estate agent's fees are usually
paid by the vendor.
quite low, from 0.25% of the property's declared value annually. This
will cover local services. A community tax of around 3% of the property
transfer tax is paid to the local municipality for general public services.
rates in Greece can be the highest in the European Union (EU) with
local mortgages sometimes difficult to obtain because Greek banks do
not like borrowing against property. You will probably find it's better
to arrange a mortgage loan outside of Greece. Should you arrange a
local mortgage it can be up to 90% of the property value and repayable
between 5-30 years. Click
here to arrange a mortgage in Greece.
For more information on Greek Property and to arrange your viewing visit:
Greek Property Search: