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GREECE HOTELS

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 HOTELS - 24 examples from our database

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HOTEL: Nostos Hotel at the heart of the Old Venetian Town in Chania
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Rooms from EUR65

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HOTEL: Hotel Loucas on the rocks of caldera in Santorini, with volcano view
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Rooms from EUR110

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HOTEL: Studios,Rooms,Apartments near Chania,Crete island,Greece,holiday,beach area
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Rooms from EUR35

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HOTEL: Beautiful family hotel
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Rooms from EUR44

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HOTEL: Corali Hotel - Paros island Greece
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Rooms from EUR50

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HOTEL: Semantron Traditional Village in Peloponnese Greece: eleonas diakofto
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42 Bedrooms

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HOTEL: CORFU ACCOMODATION, HOLIDAYS IN CORFU, CORFU HOLIDAY, CORFU ROOMS TO LET
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6 Bedrooms

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HOTEL: Your Online travel tourist Guide for Holidays - Vacations in Eastern Crete. Find
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Rooms from EUR40

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HOTEL: sea view studios , 20 meters from beach
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Rooms from EUR38

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HOTEL: Boutique Historical Hotel in the centre of the City Quiet Atmospheric Romantic
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Rooms from EUR65

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HOTEL: Cheap and beautiful
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Rooms from EUR50

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HOTEL: stunning view
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Rooms from EUR50

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HOTEL: boutique hotel Nafplio
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Rooms from EUR90

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HOTEL: Santorini hotels - Hotel Aethrio Oia, Apartments, Suites, Greek Islands
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Rooms from EUR90

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HOTEL: new complex of three wonderful and luxurious villas
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Rooms from EUR80

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HOTEL: An historic hotel and bed and breakfast on the greek island of Kalymnos,Greece.
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Rooms from EUR30

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HOTEL: kolios beach seaview studios & apartments, skiathos island, northern sporades
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Rooms from EUR30

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HOTEL: kalamaki,crete,kreta,aggelos,studios,beach,sea,holiday,greece,
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Rooms from EUR29

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HOTEL: St. Thomas B & B - 9 bed villa with pool close to airport & city centre
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4 Bedrooms

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HOTEL: 17 apartments 30 m from the sundy beach with beutifull garden
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17 Bedrooms

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HOTEL: GREECE-MONEMVASIA:Goulas ideal place for romantic and unforgetable vacations
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Bed & Breakfast

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HOTEL: Greece: Gialos village is ideal place for family vacations and for relaxing.
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2 Bedrooms

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HOTEL: elounda ilion hotel, elounda holidays, crete hotels elounda, hotel in elounda
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88 Bedrooms

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HOTEL: Unique and stylish hotel in Kalymnos, Dodecanese Islands, Greece
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20 Bedrooms

Popular Towns/Cities for adverts within Greece

MONEMVASIA HOTELS - LACONIA  MONEMVASIA HOTELS 2 adverts present in our database with 1 Bed & Breakfast Listing, 1 Beach Hotel Listing

CHANIA HOTELS - CRETE  CHANIA HOTELS 2 adverts present in our database with 1 Bed & Breakfast Listing, 1 City Hotel Listing

KALYMNOS HOTELS - KALIMNOS  KALYMNOS HOTELS 2 adverts present in our database with 2 Bed & Breakfast

FIRA HOTELS - SANTORINI  FIRA HOTELS 2 adverts present in our database with 2 Bed & Breakfast

CENTRAL ATHENS HOTELS - ATHENS  CENTRAL ATHENS HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

AIGINA HOTELS - PIRAEUS  AIGINA HOTELS 1 adverts present in our database with 1 Beach Hotel Listing

OLYMPIA HOTELS - ELIS  OLYMPIA HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

NAFPLION HOTELS - ARGOLIS  NAFPLION HOTELS 1 adverts present in our database with 1 City Hotel Listing

SKIATHOS HOTELS - NORTH AEGEAN ISLANDS  SKIATHOS HOTELS 1 adverts present in our database with 1 Beach Hotel Listing

SKALA KALLONIS HOTELS - LESBOS  SKALA KALLONIS HOTELS 1 adverts present in our database with 1 Resort Hotel Listing

KALAMAKI HOTELS - HERAKLION  KALAMAKI HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

ELOUNDA HOTELS - LASITHI  ELOUNDA HOTELS 1 adverts present in our database with 1 Resort Hotel Listing

KATO ZAKROS HOTELS - LASITHI  KATO ZAKROS HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

PALAIOCHORA HOTELS - CHANIA  PALAIOCHORA HOTELS 1 adverts present in our database with 1 Beach Hotel Listing

RETHYMNON HOTELS - RETHYMNO  RETHYMNON HOTELS 1 adverts present in our database with 1 Bed & Breakfast Listing

DIAKOFTO HOTELS - ACHAEA  DIAKOFTO HOTELS 1 adverts present in our database with 1 Resort Hotel Listing

PISO LIVADI HOTELS - PAROS  PISO LIVADI HOTELS 1 adverts present in our database with 1 Beach Hotel Listing

NIKIANA HOTELS - LEFKAS  NIKIANA HOTELS 1 adverts present in our database with 1 Resort Hotel Listing

PELEKAS HOTELS - CORFU  PELEKAS HOTELS 1 adverts present in our database with 1 Beach Hotel Listing

FISKARDO HOTELS - KEFALONIA  FISKARDO HOTELS 1 adverts present in our database with 1 Beach Hotel Listing

DISCLAIMER: You should note that all hotel 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 hotels 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 booking a hotel 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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