Purchasing_property_and_building_in_Skopelos_Island__Greece

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					Title:
Purchasing property and building in Skopelos Island, Greece

Word Count:
1080

Summary:
It is said that Skopelos is the greenest of all the many islands of
Greece and once you have spent some time exploring this magical place it
is a difficult claim to deny. With five million pines, fifty thousand
olive trees and only five thousand inhabitants it is a place where the
natural world dominates and the heat of the beaches is fringed by the
cool of the forests.


Keywords:
skopelos real estate, real estate, buy property, buy a house, land, sea,
sun, buy land, skopelos, greek islands, purchase property, property,
investments, Aegean, Greece, greek islands, traditional


Article Body:
It is said that Skopelos is the greenest of all the many islands of
Greece and once you have spent some time exploring this magical place it
is a difficult claim to deny. With five million pines, fifty thousand
olive trees and only five thousand inhabitants it is a place where the
natural world dominates and the heat of the beaches is fringed by the
cool of the forests. There are also many broad leaf trees to be seen with
sweet chestnuts, walnuts and oak trees and the island has been famous for
the production of plums which were dried in the many plum ovens that
create one of the many architectural features seen throughout Skopelos.

Only in recent years people from outside Greece been purchasing property
here and in general the Greek people are fairly new to the concept of
selling property at all! In previous generations houses were usually kept
within the family and if the family couldn't maintain their properties
they often became ruins. This was accentuated by both rural depopulation
and the world Diaspora of the Greek people and though this situation as
provided an opportunity to purchase some wonderful pieces of property
today it has also left us with a situation where people are often not
versed in the trading and pricing of houses and land.

 To give an overview of the price range, however, is useful to those who
are looking for property in Skopelos and we can say that a house in
Skopelos Town can be as little as 40,000euro, an average of 150,000euro
for something that can be lived in straight away, or up to 300,000euro
for something special (and big) and of course as nearly all properties on
the island are fairly unique any variation of the above can occur and
there very special residences which appear vary rarely which fetch prices
up to 900,000euro!

 Similarly land for building varies greatly by location, aspect, view and
amenities and can be from 40,000euro to 100,000euro for a plot for one
house on average and then for larger plots any multiples of the above.
 There are no restrictions on citizens of EU countries buying property
anywhere in Greece. Some restrictions apply to non- EU citizens buying
property in areas designated as “border areas”. Non-EU citizens should
apply to the Local Prefectural Authorities if they want to buy property
in certain parts of Northern Greece, Crete, Rhodes, the Dodecanese
islands or islands in the eastern Aegean Sea. (This does not apply to
Skopelos island.)

 The transfer of property ownership is always executed in the form of a
notarial deed. When the actual agreement is drawn up by the notary and
signed by the contracting parties two lawyers are present one on behalf
of the seller and one on behalf of the buyer. Your lawyer is there to
ensure that you are not cheated, that the title deeds are without
impediment, and to determine the objective taxable value of the property.
Before the actual sales agreement is signed, your lawyer will conduct a
thorough search of the archives at the Land Registry office to make sure
that there is no impediment or obstacle to the transfer of ownership and
that the title deeds are in order. This does not take long and it will
soon be time for you to sign the sales agreement/contract at the office
of the notary.

The deposit

It is normal to deposit 10% of the agreed purchase price when the
preliminary agreement is made. You may lose your deposit if you change
your mind. If the seller changes his mind, he is obliged to return your
deposit to you.

 Written preliminary agreements may be dispensed with if the property is
not of very high value or if it is obvious that the transfer of ownership
will be completed in a relatively short time. Where a preliminary
agreement is drawn up, it states who the parties to the agreement are,
what the property is, what price has been agreed how the money will
change hands. It also includes any other conditions agreed upon.

 The notary will want to see that all the necessary documents (tax, deeds
etc.) are in order before drawing up the sales agreement /contract. The
deposit commits both buyer and seller. One of the differences between
purchasing property in Greece and purchasing property in other countries
is that most buyers have ready money; there is no chain involved, so it
does not take long for the transfer of ownership to be completed. You
should have at least enough money for the deposit ready to hand. You
would not like to miss a good opportunity because you were too slow with
the deposit. The deposit also reduces the likelihood of the seller
accepting a better offer. It is wise, easy and quick to open a bank
account in Greece.

If the search at the Land Registry office reveals an impediment, your
deposit will be returned. If the seller simply changes his mind, he must
return the deposit plus 100% in compensation. If the buyer changes his
mind he forfeits the deposit. In effect, the deposit binds both buyer and
seller to their word.You will have to pay a one-off purchase tax. The
amount payable is calculated on the basis of the "assessed value" of the
property. The assessed value is lower than the actual market value. The
tax due is 9% to 11% of the assessed value.

Planning permission

 Planning permission is a matter of course if your piece of land is
within the confines of a village, town or city. If your piece of land is
not within the confines of a village, town or city, but is within the
area covered by town planning, you will be granted permission to build on
it provided it measures 2,000m 2, and borders with a municipal road. If
your land is not within the confines of a village, town or city, and is
not within the area covered by town planning, you will be granted
permission to build on it if it measures 4,000m 2 or more, provided it is
not within a forested area, and no restrictions are imposed by the
Department of Archaeology.

 Only fully qualified, registered architects or engineers are allowed to
apply for building permits. The cost is approx. 4% - 5% of the estimated
cost of the building. Municipal taxes and duties are incorporated in
electricity bills. The amount added to your two-monthly bill is
negligible and includes a compulsory television license.

				
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