Greece
Buying Guide Table of contents
A Note from Me (the author) 1
And a note from Carol (the other author) 2
How to Read this Guide 4
A Note on Buying for Investment 5
Chapter
I. Getting Ready to Buy in Greece 10
1. Set your Intention 12
2. Consider your Finances 13
3. Research Information about Greece 15
1. How to get an overall picture of Greece & the market
15
2. The various locations and areas 18
3. Buying costs of Property & Living Costs 20
4. Set Your Objectives 26
5. Contact Property Professionals for a Visit 27
a. Going on an Inspection Trip with a Developer 27
b. Going on an Inspection Trip with an Estate Agency 29
c. Going solo or using a combination 30
d. Going with a UK Based Investment Company 30
e. How to Check on a Developer or Agent? 32
6. Contact a Solicitor 34
a. Why you will need a lawyer? 34
b. The 8 Clauses that MUST be in Your Contract of Sale
36
7. Start Learning Greek! 39
8. Go To Greece 41
Chapter
II. Getting to Greece 42
1. Deciding on an Airport 43
2. Deciding on an Airline 43
3. Booking a Car 45
4. Booking a Hotel 46
5. What to Pack 47
Chapter
III. The Property Buying & Completion Process 51
1. The
Greek Buying Process 52
2. Buying New Property or From a Plan 55
a.
Buying Off-Plan Notes 55
3.
Inspections and Surveys: What you need to know 56
4. Paying for your property 59
a.
Paying Cash 59
b. Local Mortgages 60
c. UK mortgage 61
d. Other Mortgages and Borrowings 61
5.
Currency Exchange 63
6.
Completing On Your Property 66
IV.
Building a Property in Greece 69
1.
To build or not to build… 70
a.
The advantages: 70
b. The disadvantages: 70
2.
Buying Land – Research Stage 71
a.
The cost of building in Greece 73
3.
You have found the land you want: what then? 74
4.
Building on your property 75
a.
Building Regulations - an outline 76
5.
Managing the Building Project 77
6.
Renovations 78
7.
A few additional notes that may interest you 78
a.
Swimming Pools 78
b. A few words about forest fires in Greece 78
c. A note on trespassers 79
Chapter
V. Buying Greece Property for Investment 81
1. Reasons
FOR investing in Greece 82
2. Reasons
AGAINST investing in Greece 83
3. Buying
for Investment 84
4. Investment
Strategies 84
1.
Buy-to-let 84
2.
Buy-to-sell 86
3.
Buy to Renovate 87
5. How
to Analyse an Investment Deal 88
Chapter
VI. Renting Your Property in Greece 90
1. Renting
Your Property Out 91
a.
Overview 91
b.
EOT Licence 91
c.
Tax on Rental Property Income 93
d.
Rental Tips 93
2. Options
for Rental 95
a.
Using a Rental Agency 95
b.
Renting out your property yourself 96
Chapter
VII. Buying in Greece: Where to buy 99
1.
Buying for Lifestyle 101
2.
Buying for Lifestyle AND to Rent 101
3.
Buying for Investment only 101
4. Areas
in Greece to Buy:
Crete
102
THE IONIAN ISLANDS 103
Corfu 103
Kefallonia 105
Zante 105
Evia 106
The Peloponnese 107
Rhodes 108
Symi 108
THE CYCLADIC ISLANDS 109
Sifnos 109
Milos 109
Andros 109
Mykonos 110
Paros 110
Naxos 110
Santorini 110
Kea 110
Tinos 110
Patmos 110
Macedonia 111
Halkidiki 111
Chapter
VIII. Top Tips on Buying in Greece 114
1. General
Tips for Buying a Property in Greece 115
2. Tips
specifically for Off-Plan Purchases 118
3. Tips
for Buying Land and Building Your Own Property 119
4. General
Tips for Investing in Property 120
5. If
you’re going to rent your property out 121
6. Tips
for Emigration, Retirement and/or Working in Greece 122
7. Here
are a few more points worth considering 123
Plus
20 pages of worksheets and 50 pages of 'Your Questions Answered'...
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the Guide
