How to buy a property in Greece?
Today I want to share with you why Crete is not just a great place to visit, but also a great place to live or invest. First of all, Creed has a lifestyle that is hard to beat. Imagine waking up in 300 days of sunshine a year, enjoying the crystal clear sea and surrounding by beautiful nature. The culture here is also incredible. It’s welcoming. And full of history.
Plus, the food is fresh, local and healthy. For investors, Crepe is full of opportunities. Tourism is growing every year, making rental properties a great source of income. Whether you are looking for a forever home or a smart investment, Crete, especially Chania has it all. For more information about Crete, don’t hesitate to contact us.
How to start a bank process?
New laws are under discussion regarding the short term rentals. Some of the new requirements are public liability insurance and certified from electricians that everything works safe. Also, fire extinguisher, smoke detectors and first aid kits are a must. Nothing is official yet, but it’s wise to take some precautions. For more information, don’t hesitate to contact us.
Even though the golden Visa threshold got increased in 2024, there are still good news for investors. You can still qualify by investing €250,000 in real estate under 2 exceptions. First, properties converted from commercial to residential use if the work is finished before applying. Second, historic buildings
The process of purchasing a property usually takes one to six months. If the property is new, it’s from one month up to three months. If the property is older, it usually takes longer to gather all the documents that is necessary. In any case, you need to have an expert is by your side for the whole process. You are interested in?
Give a small down payment to reserve the property. After that, your lawyer has to obtain all the necessary documents and start taking over the process. In any case you have to have an expertise by your side to help you in the whole process.
How much tax are you paying when you buy a property in Greece versus when you build a house?
When you buy a house or a property, you will pay taxes.
About the fees:
1. The notary’s fees are from their system we estimate approx 1.2% + VAT
2. Tax : 3, 09% of the selling price
3. Lawyer fee: 1% + VAT
4. Agency fee: 3% + VAT
5. land registry is from the system
Total estimate: 9,4%
Meanwhile when you build, you pay 24% which is the Greek VAT. In any case, Create the expert is by your side to help you in the whole process.