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[G514]Greece Property For Sale

by Munish Bhardwaj, Mun

Greece is one important country in southeastern Europe, located on the southern end of the Balkan Peninsula. Greece has vast resources of culture, wealth and ecology. Greece is a country that offers a tremendous knowledge to historians, its culture and traditions are rich in taste, it can be said to be the perfect place to reside. It is a place where you can find divine blue skies and perfect golden sunrays whole year around, its soothing stretch of green sea, clean beaches, undisturbed landscape of mother nature and surprisingly hospitable residents which can make you feel like home.

Buyimg Property in Greece is very popular with foreign buyers, the main regions of interest are: Peloponnese, Evia Sporades, Attica, Macedonia, Thraki, Central Greece, Ionian Islands, Thessaly, North Aegian Islands, Malta & Gozo. If you are looking for property in Greece then you have come on the right place, there is a great list of various flats, villas, penthouses and bungalows which you could choose to reside in. The main reason for foreign clients to buy property in Greece is the pleasant climate, cool winters and hot and dry summers. Buying property in Greece is hassle free and easy, moreover the property you own is totally freehold and not on lease. When you start living in Greece you feel as if you have come into a slower pace of life and a place free from most of the crimes like theft and the violent ones maybe even unknown.

Greece can offer you the most beautiful and natural kind of lifestyle which one would only dream to live in. Greece is not totally a country which is set back in time, it has a modern vivacious environment which you may notice in the bustling streets of Athens. You can find property in Greece anywhere from the heart of the main cities to villas overlooking the sea. The property prices not being a lot, appeals to a lot of people as they find it a very good deal than other tourist countries.

One can find lakes (natural or artificial) and lagoons in abundance in Greece. Another reason to choose Greece to live in than any other European countries is that English is widely spoken here. The local transport is also very good in Greece and the foreign tourist can roam around smoothly without any problem. There is always a bus from the major of the cities to the tiniest of the village.

Any monies imported into Greece for property purchase should be documented and receipted
Capital gains tax is usually exempt when using the proceeds to buy another home in Greece.
However, capital gains tax can range between 10-30 against the properties declared value.
Where to buy in Greece
With over 2500 islands in Greece you will most cetainly be spoilt for choice.
A few tips:- coastal properties around holiday resorts will be more expensive. Try moving inland a little where you will get a lot more for your money but may still be able to take advantage of living near to a resort.
The mainland can be more expensive especially around the capital Athens.
Living Costs in Greece
As I'm sure you have probably already been to Greece on holiday and as such you will know that the standard cost of living is quite reasonable compaired to other EU countries.
However, white goods like washers / fridges etc can be very similar to UK goods and cars can be somewhat expensive.
Buying Property in Greece
Once an agreement has been reached as to the property sale price, a contract is normally drawn up and would include price, completion date and any other relevant information for the sale.
A deposit can range from 10 - 30 of the property value as his fee.
Solicitor / Lawyer
Wherever possible, try to enlist the services of a Greek local Lawyer or Solicitor to act on your behalf, preferably one who speaks English.
They will be responsible for paying any taxes and registering the property with the land registry in Greece.
They will normally charge between 1 - 2 for your fees just to be on the safe side as purchase tax is charged depending on the value of the property at between 9-11 of the assessed value plus a small sum for stamp duties and certificates.
Real Estate agent's fees are usually paid by the vendor.
Property Tax
Very good value and is normally around 0.25 of the property transfer tax which is paid to the local municipality for general public services.
Mortgages
Greece is slowly changing its mortgage and lending criteria system which used to be quite difficult - to fall in line with other EU countries but beware as interest rates in Greece can be among the highest in the European Union.
Some people have used their existing properties at home to raise finance to buy their Greek property outright thus saving on interest and hassle.

Annual taxes to be paid by property owners in Greece
There are no annual taxes to pay in Greece, if the total value of the properties owned by the same person, does not exceed the value of 68.000.000 drs.(200.000 Euro). The valuation of properties, is carried out by the government, which provides published values, announced for every type of property. As already mentioned above, these values are usually far below the real cost.
These guidelines are meant for guidance only and describe a straightforward purchase scenarios. However this information is not meant to replace proper legal advice, which we always insist you take.

Article Source : How To Invest Real Estate

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Both Munish Bhardwaj & Anthony Riley are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Munish Bhardwaj has sinced written about articles on various topics from Search Engine Marketing, Green Card and Banking. Greek Real Estate Holiday Homes Villas for Sale property for Sale Investment Property in Greece Corfu Crete Rhodes and. Munish Bhardwaj's top article generates over 27100 views. to your Favourites.

Anthony Riley has sinced written about articles on various topics from Home Remodeling Ideas, Property Guide and Real Estate. Anthony Riley is a consultant to . Anthony Riley's top article generates over 18100 views. to your Favourites.