What are the benefits of investing in real estate on an island?
Investing in real estate on an island offers unique benefits such as stunning views, a serene environment, and the potential for high rental income due to tourism. Islands often have a limited supply of properties, which can lead to increased property value over time.
How can I finance a property purchase in Greece?
Financing a property purchase in Greece can be done through local banks that offer mortgage options to both residents and non-residents. It's advisable to consult with financial advisors or real estate experts to understand the best financing options available.
What should I consider when buying a vacation home?
When buying a vacation home, consider factors such as location, accessibility, proximity to amenities, and potential rental income. It's also important to understand the local real estate market and any legal requirements for property ownership.
Are there any tax implications for foreign property buyers in Greece?
Yes, there are tax implications for foreign property buyers in Greece, including property taxes and potential capital gains tax. It's important to consult with a tax advisor to understand your obligations and any tax benefits you may be eligible for.
What is the process for purchasing a property in Greece?
The process for purchasing a property in Greece involves several steps, including finding a property, making an offer, conducting due diligence, signing a preliminary agreement, and completing the transaction with a notary. It's recommended to work with a real estate agent and legal advisor to navigate the process smoothly.