Greek Property, Greek Properties, Real estate Greece, Houses for sale in Greece

Getting your finances planned before you start looking for Greek property is essential. You need to know what the one-off and on-going costs are likely to be, and to be able to make an offer and provide a deposit when you make your viewing trip.

Greek property really does go quickly, and you could miss your dream home if you have to return to the UK to get the finances organised before you can conclude a deal.

Have a look at some of the costs which we've outlined below, and you'll get a feel for what your budget should be. We've also described the process of buying, so armed with that budget your visit can be successful in finding your dream property in Greece, weather its in The Peloponnese, Alonissos, Skiathos, Crete or Zakinthos.

greek property, greek properties, greek real estate

Budget/Planning your costs	Mortgage/Finance	The Viewing Trip	Purchase Procedures
The Deposit	The Lawyer

Planning Your Costs Summary (more detail on "The Value" page

If we use the example from “The Value” page, you would be looking at: -

Capital Costs

Total £97,800 (160,000Euro)

Typical basic house running costs

Total £7.384 (£615 per month or 890 Euro)

At this stage you need to work out what you can safely spend, including the living expenses if it’s a permanent move (seeThe Valuepage for further details).

Mortgage/Finance

If you require finance to purchase your Greek property it is best to arrange it before you make a viewing trip to Greece. Contact us for details. If you are moving funds from the UK, we recommend you use a currency broker – you can save a lot of money if you get the best rates, commission free (see our “Useful Links” page).

The Viewing Trip

Arrange to view a selection of properties once you have looked at the budget, planned what you can spend and arranged your finances. Try to decide what kind of property you would like to buy. Give some thought to where you would like to live.We can recommend Alonissos property, Peloponnese property, Skiathos property, Zakinthos property and Crete property. As soon as you have firmed up on your property requirements, and planned a date to visit, please click on “Contact Us”and complete the Customer Detail/Requirement form on that page of the web-site. We can then help plan the trip and make the necessary appointments to view a selection of suitable properties in Greece that match your requirements.

If you are considering purchasing a plot of land and having a house custom designed and built you may also want us to make an appointment to meet our architect and builders. (see Turn Key Building Service on the Greece Custom Design & Construction page)

Please remember that from April to October our associates in Greece get very busy showing clients property. It is far better to book an appointment in advance to save being disappointed and wasting your time.

Treat it as a business trip – it’s an important decision (which you won’t regret) – and plan to look at localities as well as properties. Once you see what you want at the price you can afford – it’s only a step away from that first glass of celebratory champagne on the sunny terrace of your new home….

Purchase Procedures

In Greeve these are very easy, and unlike the UK, you make a firm commitment early into the process of buying. so gazumping, long chains of buyers and sellers etc are not such a problem. It does mean that it's advisable to be ready to buy when you make your viewing trip - houses in Greece may not wait for you to return home and get the finances together, and you could miss the dream property!

The Deposit

A 10% deposit is usually required to secure your chosen property. A receipt will be supplied confirming that the vendor has been instructed to take the property off the market whilst your appointed lawyer completes the purchase transaction. Upon completion, the balance of the purchase price, property taxes and legal fees will be due.

The Lawyer

We recommend that a local Greek lawyer be appointed to act on your behalf. They are much cheaper, quicker and better acquainted with local laws and property planning regulations. They are also on the spot to carry out the necessary searches to reassure you of a clean title. Alternatively if you prefer to deal with a Greek lawyer based in the UK, there are several firms we can recommend.

All Greek property transactions are executed before a Notary Public in the presence of the lawyers representing the contracting parties. Such representation is often effected by means of Power of Attorney, executed either before a Notary Public in Greece or before any Greek consular authority abroad. This means that the physical presence of the contracting parties is not required and can be represented by proxies.

Before any transaction takes place, the lawyer representing the purchaser carries out searches with the land registry. The Notary Public will not proceed with a contract concerning a property, which does not have a clean title. Your lawyer will then pay, on your behalf, the one time purchase tax, the local community tax and lodge the official property deeds with the land registry in your name. You are then the freehold owner of your property in perpetuity.

You might want to consider making a Greek will after the purchase – it is advisable.

For further Greek property details or to arrange a viewing trip please complete the “Greek Contact Us Form”

With over 20 years of experience our Greek property services include

A comprehensive property portfolio including Alonissos property, Crete Property, Peloponnese Property, Zakinthos property, Skiathos property and Skopelos.

Greek Property search to match clients requirements,

Greece property sales and acquisitions,

Financial planning, budgeting and advice on buying Alonissos property,Crete property, Peloponnese property, Skiathos property and Zakinthos property.

Full legal service and advice for property purchasers in Greece,

In house architectural designee, project management and property construction,

Help and assistance in obtaining mortgages for Property Purchase in Greece,

Greek property viewing trips arranged,

Help in opening a Greek bank account,

Greek property house and contents insurance,

Assistance in furnishing your new Greek property,

After sales service including property management and maintenance of your new Greek Property,

We can supply references from previous clients that have purchased Greek property through Living In The Sun.

For Peace of mind and a sound investment contact “Living In The Sun” the International property specialists with property for sale in Spain, Florida, Turkey, Cyprus, Greece, Crete, Italy, France, Croatia and Bulgaria.

For property in Florida (especially Orlando, Kissimmee, Davenport and Clermont) Greece, Alonissos, The Peloponnese, Skiathos, Skopelos, Zakinthos and Crete contact: John Goodwin - Tel: + 44 (0) 1590 626266

For Property in Cyprus, Croatia, Bulgaria, Italy & France contact: Steve Pearson - Tel: + 44 (0) 2380 879318

For Property in Spain and Turkey contact: Christina Harris - Tel: +44 (0) 1962 885602

email info@livinginthesun.com