Buying Property in Greece, Survival Guide...

Buying property abroad can be a chalenging - and sometimes a risky - task.

F.Y.I we provide a brief survival guide. Following these steps WILL save you money.

Open a Bank account.
Obtain a tax registry number (Α.Φ.Μ -Ah-Fee-Me-)
Appoint a lawyer.
Get copies of the property title (contract deed) and have them checked.
Check outstanding debts and taxes on the property.
Check the land survey (topografiko)
Appoint a public Notary. (Symvolaiografo)
Prepare the purchase contracts.
Pay the purchase transfer tax.
Pay associated costs required by Greek law (Lawyer, Notary, Registration fee).
Sign the contract at the notary’s office to validate the transaction.
Submit proof of transfer at the Land Registry. (Ypothikofilakio)
Allow 10-15% for related expenses on the property value.

Alternatively, I can take care of you and your interests.

If you wish to build your dream house in Zakynthos I can help you!
(building your own house is my recommendation)

1. You choose the design

2. You control material and workmanship.

3. You dramatically reduce cost.

I will find the right land and work on every detail so you can enjoy your new home within few months. I will arrange everything, surveyor, lawyer, notary, material and workers. All projects are turnkey operations.

I employ only competent lawyers, notaries, and constructors. At the same time I can liaise with all agencies involved. If problems occur, as they often do in this complex procedure, I am on the spot to resolve them and report to you.

Why buy off plan?...

Buying off plan just means buying a property right after drawings are ready, as opposed to an existing building. Planning permission will have been issued, but the construction work will not have been completed (or started).

This is one of the most cost effective ways of buying a property. To a developer, time equals money. Selling quickly, affects price accordingly. This is one of the main reasons property investors buy off plan.

Consider buying off plan property as an investment:

Under priced market value regardless of the present market value.
Paying installements, allows you plan your cash flow.
Less time and effort on your part.
Capitalise on developer's material bulk discounts, enjoy part of the savings.
You can resell before, during or after construction. (In such case, you pay no capital gains Tax!)
Property will usually appreciate in value during the construction phase. (Increased cost of material)
Substantial increase in property value upon total completion of the development, The earlier the better. i.e Phase One.
Low maintenance costs and a builder's construction warranty, saving you considerable money over the long term.
Ajust property to your taste during early construction phase.
Smart installments, could help you avoid the need to apply for a mortgage.