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GREECE VILLAS HOLIDAY RENTALS

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 VILLAS HOLIDAY RENTALS - 23 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: 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: Luxury Villa rental Lindos Rhodes Greece
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Prices from GBP569

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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: 3 bedroom villa with pool
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Prices from EUR730

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

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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: Nicely positioned on the village outskirts
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3 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: Brand new, 2 bedroom single storey villa sharing pool with adjoining villa
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2 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: 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: 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: 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 VILLAS - RHODES - Villa Rentals  LINDOS VILLAS 11 adverts present in our database.

KOKKINO CHORIO VILLAS - CHANIA - Villa Rentals  KOKKINO CHORIO VILLAS 3 adverts present in our database.

ALMIRIDA BAY VILLAS - CHANIA - Villa Rentals  ALMIRIDA BAY VILLAS 2 adverts present in our database.

PEFKOS VILLAS - RHODES - Villa Rentals  PEFKOS VILLAS 2 adverts present in our database.

GEORGIOUPOLIS VILLAS - CHANIA - Villa Rentals  GEORGIOUPOLIS VILLAS 1 adverts present in our database.

AFANDOU VILLAS - RHODES - Villa Rentals  AFANDOU VILLAS 1 adverts present in our database.

OIA VILLAS - SANTORINI - Villa Rentals  OIA VILLAS 1 adverts present in our database.

VATOS VILLAS - CORFU - Villa Rentals  VATOS VILLAS 1 adverts present in our database.

KARAVADOS VILLAS - KEFALONIA - Villa Rentals  KARAVADOS VILLAS 1 adverts present in our database.

PORTO RAFTI VILLAS - EAST ATTICA - Villa Rentals  PORTO RAFTI VILLAS 1 adverts present in our database.

DISCLAIMER: You should note that all property information listed on this website has been provided by the advertisers and no guarantee can be given by Structured Internet Ltd regarding any of the properties listed. Whilst every care has been taken in publishing the information, Structured Internet Ltd is not responsible for individual content and will therefore not be liable for any misunderstandings, errors, omissions, or claims arising from any enquiries or bookings made with an advertiser. You are advised to take the necessary steps to assure yourself of the legitmacy of any information published before renting or buying a property and ensure all details, booking conditions, prices etc are confirmed by e-mail or in writing with the owner or vendor. Travel Insurance is essential and you should always ensure that you get adequate cover from a reputable supplier.

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