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BUYING IN GREECE Print E-mail

With easy access from the UK and the rest of Europe, Greece has become a popular destination for holidaymakers, not only from Europe but worldwide, attracting well over 5 million tourists a year. The spectacular monuments and relics of Ancient Greece, the beautiful beaches and the idyllic islands have been a magnet for tourists for many years. The culture and customs, the music and the dancing are captivating. Travel to Greece and you are surely transported back to a different time. You can actually begin to get the feeling of the history and mythology of Greece, simply the embodiment of all things past, present and future. It is enduring!

 

Greece was without doubt the place where European civilization and the concept of democratic government was born some 2500 years ago. The names of the Philosophers and Mathematicians such as Pythagoras, Hippocrates, Socrates, Plato and Aristotle are all synonymous with this era. From the golden age of Greece it has been a country in turmoil although it still managed to flourish under the Roman Empire and even more so after AD 330 during the Byzantine period. In 1460 Greece became a Turkish province and remained under Turkish rule for 400 years, a period that has had a profound effect on Greek politics and foreign affairs to this day. Yet without this sometimes turbulent past, Greece would not have the amazing character that it has today.

 

For those who want to live in Greece, the choices are almost limitless. Whether you want to live on the mainland or one of the many beautiful islands, Greece is intoxicating no matter where you are. There are now absolutely no restrictions on purchasing a property in Greece although in areas of architectural interest permission is required before undertaking building work, whether it is simply renovation or extensions to the property. In the past, certain buildings of historical interest have been renovated using materials not in keeping with the original. A particular type of cement caused long term damage to the original stonework and the Greek authorities are now very strict on how renovation work is undertaken.

 

However, once you have found the property you wish to buy, we would advise finding an English speaking solicitor to act on your behalf as all documents are normally if not always written in Greek. An agreement then needs to be signed which will include the purchase price as well as a completion date and a 10% deposit is then paid. A public Notary checks that the property is free from any debts and has a clear Title deed. If everything is in order you will then sign the purchase deed and the balance of the money is paid. On top of this amount you should allow a further 15-20% of the purchase price for all the fees, taxes, stamp duties, etc.

 

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