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GREECE

Buying a property in Greece

You should always seek expert advice when buying your first Investment Property in Greece. However this article aims to provide a basic insight into points to remember or consider when you embark on buying property in Greece.

In recent years buying a property in Greece has become extemely popular, particularly with UK nationals. There is something very rewarding about owning your own second home in another country and many find that this arrangement is more preferable to seeking a different destination for each holiday. Since the advent of low cost air flights the Greek property buying business has become huge.

There are an increasing number of property exhibitions that aim to persuade you to purchase brand new or nearly new properties in Greece. Sales staff are skilled in using highly seductive marketing methods to sell as many as possible. Like all other salespeople, they know that if a customer has time to go away and think about a purchase, then a sale is lost as is their commission! You should not however feel pressured into ‘signing on the dotted line’ there and then.

The climate in Greece is exceptional and temperatures in the summer months can be much much higher than in countries like France or Spain.

In Greece there is a choice or two main types of property for second-homers. You can choose an old character village home that may need extensive renovation or a new apartment in one of the many smart new developments springing up all over the country.

The appeal for those seeking to buy a property in Greece, is generally the older properties which can be picked up very cheaply although the renovation costs can be extortionate. You have to weigh up what you really want and perhaps the modern townhouse, ready to move in instantly for £50,000 may be the better option.

Property prices in Greece are cheaper than those in the UK, however, when considering your budget you need to be mindful of the many additional costs associated with the purchase of the property that can amount to up to one fifth of the purchase price.

You will need to appoint a notary as you would when buying a property in France. The notary's purpose is to ensure that all the relevant paperwork is in place and that the property is actually in a position to be sold.

Ownership of many older properties in Greece can be between several members of a family. If this is the case, all of the owners will need to give permission for the sale to go ahead. It is therefore essential to appoint a solicitor who is totally familiar with Greek property matters.

You will have to prove that you do not owe any income tax in Greece by obtaining a Greek tax number from the local tax office.
You will also have to pay a transfer tax levied on the size of the property.

You will also need to open a Greek bank account which must always be in credit.

When buying your property in Greece there is one big difference than property purchase in the UK. There is currently no national land registry in Greece although this is being set up.

To acquire title to a property you must therefore obtain a copy of the title held by the seller and instruct a solicitor to search the titles. You, or the seller must then appoint a notary to draft the contract with the solicitors.

The signed contract deed is filed at the notary's office and transferred at the Registry of Mortgages and then becomes the official title of the property.
December 2005

GREECE - 37 examples from our database

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VACATION RENTAL: Luxury Villa with Pool in Lindos, Rhodes. Landscaped Gardens and Roof Terrace
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Prices from GBP650

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VACATION RENTAL: Luxury Family Villa, Vlicha Bay Lindos with front line sea views, sleeps 6
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Prices from GBP850

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VACATION RENTAL: Villa Petalutha - Luxury Villa in Picturesque Rhodes, Private Pool, Sleeps 6/8
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Prices from GBP660

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VACATION RENTAL: Newly Built Rhodes Villa to rent
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Prices from GBP450

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VACATION RENTAL: New luxury detached villa with private pool near Lindos, Rhodes
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Prices from GBP600

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VACATION RENTAL: Stylish & Luxurious Rhodes Villa enjoying Magnificent Sea & Mountain Views!
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Prices from GBP900

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VACATION RENTAL: Holiday villa in Lindos with overflow pool, landscaped gardens, sea views. Beach
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Prices from GBP750

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VACATION RENTAL: Luxury Villa rental Lindos Rhodes Greece
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Prices from GBP569

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VACATION RENTAL: 3 bedroom villa with pool
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Prices from EUR730

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VACATION RENTAL: Stay in a large stone built house Relax on sandy beaches Enjoy authentic Greece
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Prices from EUR735

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VACATION RENTAL: Villa IRINI is a brand new ldetached villa situated in Pefkos.
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Prices from EUR280

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VACATION RENTAL: Brand new complex of villas with shared pool right in the heart of Pefkos
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Prices from EUR1,100

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VACATION RENTAL: Super holiday villa. Private pool and extensive facilities for al fresco living.
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Prices from GBP250

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VACATION RENTAL: Modern,spacious apartment set in quiet,rural position.Greece without the crowds!
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Prices from EUR343

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VACATION RENTAL: Historical center, luxury and charm - 2 bdrms under the Acropolis
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Prices from EUR1,000

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VACATION RENTAL: Athens First Luxury Duplex Self Catering Apartment Sleeps 2 - 8
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Prices from EUR1,400

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VACATION RENTAL: This extraordinary haven boasts elegant and luxurious accommodation.
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Prices from GBP1,500

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VACATION RENTAL: Acropolis View Luxury Downtown Athens - stunning penthouse with WiFi
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Prices from EUR1,800

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VACATION RENTAL: Luxurius holiday self catering apatments and studios in Faliraki
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Prices from EUR35

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VACATION RENTAL: Holidays in Crete Heraklion Knossos.Apartment holidays in an olive-grove
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Prices from EUR40

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VACATION RENTAL: seaview self catering apartment in town overlooking marina and beach
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Prices from EUR400

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VACATION RENTAL: Peaceful and spacious luxury apartments near the sea surrounded by olive groves
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Prices from GBP370

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VACATION RENTAL: ERIKI apartments in south-western CRETE between Sougia and Omalos
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Prices from EUR230

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VACATION RENTAL: Riza Stone Cottage
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Prices from EUR1,015

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VACATION RENTAL: Villa Lindos - Lindos Villa. Villa Jenny in Lindos Rhodes (Rhodos, Rodos) Greece
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Prices from EUR3,584

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VACATION RENTAL: Brand new 2 bedroom single storey villa
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2 Bedrooms

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VACATION RENTAL: Brand new, 2 bedroom single storey villa sharing pool with adjoining villa
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2 Bedrooms

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VACATION RENTAL: Well equipped bungalow with front and side terraces and shared pool
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2 Bedrooms

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VACATION RENTAL: Nicely positioned on the village outskirts
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3 Bedrooms

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VACATION RENTAL: Luxury 5 Star Lindos Villa for rent with private pool and sea views.
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3 Bedrooms

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VACATION RENTAL: Sleeps 4/6. 2 bedroom luxury villa with private pool
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Prices from GBP450

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VACATION RENTAL: Attractive beachfront studio appartment for rent in Nikiti Chalkidiki Greece!
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Prices from EUR15

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VACATION RENTAL: Villa next to Rhodes Golf Club
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Prices from EUR558

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VACATION RENTAL: A perfect vation villa at Pefkos village next to Lindos in Rhodes Island.
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Prices from EUR1,155

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VACATION RENTAL: Traditional stone Villa House in Crete. Holiday Rental, private pool direct from
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Prices from EUR450

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VACATION RENTAL: Crete Greece Hotel selfcatering beach Apokoros Apokoronas Apartments Cheap&chic
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Prices from EUR290

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VACATION RENTAL: Villa in Oia, Santorini with unparallel view of the volcano and the Aegean sea!!
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Prices from EUR1,540

Popular Towns/Cities for adverts within Greece

LINDOS HOLIDAY RENTALS - RHODES   LINDOS HOLIDAY RENTALS 11 adverts present in our database with 11 Villas

KOKKINO CHORIO HOLIDAY RENTALS - CHANIA   KOKKINO CHORIO HOLIDAY RENTALS 3 adverts present in our database with 3 Villas

PEFKOS HOLIDAY RENTALS - RHODES   PEFKOS HOLIDAY RENTALS 3 adverts present in our database with 1 Detached Home Listing, 2 Villas

CENTRAL ATHENS HOLIDAY RENTALS - ATHENS   CENTRAL ATHENS HOLIDAY RENTALS 3 adverts present in our database with 3 Apartments

ALMIRIDA BAY HOLIDAY RENTALS - CHANIA   ALMIRIDA BAY HOLIDAY RENTALS 2 adverts present in our database with 2 Villas

AFANDOU HOLIDAY RENTALS - RHODES   AFANDOU HOLIDAY RENTALS 2 adverts present in our database with 1 Detached Home Listing, 1 Villa Listing

GEORGIOUPOLIS HOLIDAY RENTALS - CHANIA   GEORGIOUPOLIS HOLIDAY RENTALS 1 adverts present in our database with 1 Villa Listing

SOUGIA HOLIDAY RENTALS - CHANIA   SOUGIA HOLIDAY RENTALS 1 adverts present in our database with 1 Hotel/Guest House Listing

KALIVES HOLIDAY RENTALS - CHANIA   KALIVES HOLIDAY RENTALS 1 adverts present in our database with 1 Hotel/Guest House Listing

KNOSOS HOLIDAY RENTALS - HERAKLION   KNOSOS HOLIDAY RENTALS 1 adverts present in our database with 1 Apartment Listing

AGIOS NIKOLAOS HOLIDAY RENTALS - LASITHI   AGIOS NIKOLAOS HOLIDAY RENTALS 1 adverts present in our database with 1 Apartment Listing

FALIRAKI HOLIDAY RENTALS - RHODES   FALIRAKI HOLIDAY RENTALS 1 adverts present in our database with 1 Apartment Listing

OIA HOLIDAY RENTALS - SANTORINI   OIA HOLIDAY RENTALS 1 adverts present in our database with 1 Villa Listing

KALAMATA HOLIDAY RENTALS - MESSINIA   KALAMATA HOLIDAY RENTALS 1 adverts present in our database with 1 Apartment Listing

STOUPA HOLIDAY RENTALS - MESSINIA   STOUPA HOLIDAY RENTALS 1 adverts present in our database with 1 Detached Home Listing

VATOS HOLIDAY RENTALS - CORFU   VATOS HOLIDAY RENTALS 1 adverts present in our database with 1 Villa Listing

KARAVADOS HOLIDAY RENTALS - KEFALONIA   KARAVADOS HOLIDAY RENTALS 1 adverts present in our database with 1 Villa Listing

AVYTHOS BAY HOLIDAY RENTALS - KEFALONIA   AVYTHOS BAY HOLIDAY RENTALS 1 adverts present in our database with 1 Apartment Listing

PORTO RAFTI HOLIDAY RENTALS - EAST ATTICA   PORTO RAFTI HOLIDAY RENTALS 1 adverts present in our database with 1 Villa Listing

NIKITI HOLIDAY RENTALS - HALKIDIKI   NIKITI HOLIDAY RENTALS 1 adverts present in our database with 1 Apartment Listing

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